Swiss Life Asset Management Ltd Acquires 12,261 Shares of lululemon athletica inc. $LULU

Swiss Life Asset Management Ltd boosted its holdings in shares of lululemon athletica inc. (NASDAQ:LULUFree Report) by 38.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,470 shares of the apparel retailer’s stock after buying an additional 12,261 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in lululemon athletica were worth $7,913,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in LULU. Cornerstone Planning Group LLC boosted its stake in shares of lululemon athletica by 81.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 151 shares of the apparel retailer’s stock worth $25,000 after acquiring an additional 68 shares during the period. Murphy & Mullick Capital Management Corp increased its holdings in shares of lululemon athletica by 187.5% during the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 161 shares of the apparel retailer’s stock worth $27,000 after acquiring an additional 105 shares during the last quarter. Tradewinds Capital Management LLC raised its stake in lululemon athletica by 18,400.0% in the 3rd quarter. Tradewinds Capital Management LLC now owns 185 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 184 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in lululemon athletica by 464.0% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 141 shares of the apparel retailer’s stock valued at $34,000 after purchasing an additional 116 shares during the last quarter. Finally, Golden State Wealth Management LLC lifted its holdings in lululemon athletica by 129.4% during the 3rd quarter. Golden State Wealth Management LLC now owns 195 shares of the apparel retailer’s stock valued at $35,000 after purchasing an additional 110 shares during the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Telsey Advisory Group decreased their price objective on shares of lululemon athletica from $215.00 to $175.00 and set a “market perform” rating on the stock in a report on Wednesday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of lululemon athletica in a research note on Thursday, January 8th. They set a “hold” rating for the company. Wells Fargo & Company reduced their target price on shares of lululemon athletica from $175.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday. Guggenheim assumed coverage on shares of lululemon athletica in a research note on Wednesday, December 10th. They issued a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. lowered their price target on shares of lululemon athletica from $209.00 to $196.00 and set a “neutral” rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirty have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, lululemon athletica currently has an average rating of “Hold” and a consensus target price of $215.33.

Check Out Our Latest Stock Analysis on lululemon athletica

lululemon athletica Stock Performance

NASDAQ:LULU opened at $162.74 on Friday. lululemon athletica inc. has a 52 week low of $156.64 and a 52 week high of $348.50. The firm’s 50-day simple moving average is $179.32 and its 200 day simple moving average is $181.11. The firm has a market cap of $19.09 billion, a price-to-earnings ratio of 12.24, a P/E/G ratio of 4.78 and a beta of 1.00.

lululemon athletica (NASDAQ:LULUGet Free Report) last posted its quarterly earnings data on Tuesday, March 17th. The apparel retailer reported $5.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.78 by $0.23. lululemon athletica had a net margin of 14.22% and a return on equity of 34.82%. The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the previous year, the firm posted $6.14 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. Sell-side analysts anticipate that lululemon athletica inc. will post 14.36 EPS for the current year.

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About lululemon athletica

(Free Report)

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.

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Institutional Ownership by Quarter for lululemon athletica (NASDAQ:LULU)

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