Pictet Asset Management Ltd. trimmed its position in lululemon athletica inc. (NASDAQ:LULU) by 26.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 288,421 shares of the apparel retailer’s stock after selling 103,672 shares during the quarter. Pictet Asset Management Ltd. owned 0.23% of lululemon athletica inc. worth $17,954,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in LULU. IHT Wealth Management LLC boosted its position in lululemon athletica inc. by 591.0% in the second quarter. IHT Wealth Management LLC now owns 1,382 shares of the apparel retailer’s stock valued at $105,000 after buying an additional 1,182 shares in the last quarter. Exane Derivatives acquired a new position in shares of lululemon athletica inc. during the second quarter worth $106,000. Global X Management Co. LLC lifted its holdings in shares of lululemon athletica inc. by 39.7% during the second quarter. Global X Management Co. LLC now owns 2,532 shares of the apparel retailer’s stock worth $151,000 after purchasing an additional 719 shares during the period. Oakbrook Investments LLC acquired a new position in lululemon athletica inc. in the third quarter valued at $202,000. Finally, Suntrust Banks Inc. lifted its holdings in lululemon athletica inc. by 5.9% in the second quarter. Suntrust Banks Inc. now owns 4,239 shares of the apparel retailer’s stock valued at $252,000 after buying an additional 237 shares during the period. 80.28% of the stock is currently owned by institutional investors and hedge funds.
Shares of lululemon athletica inc. (NASDAQ:LULU) opened at $61.15 on Monday. The firm has a market capitalization of $8,278.55, a P/E ratio of 28.05, a P/E/G ratio of 2.12 and a beta of 0.15. lululemon athletica inc. has a 52 week low of $47.26 and a 52 week high of $72.70.
lululemon athletica inc. (NASDAQ:LULU) last released its earnings results on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.04. The business had revenue of $581.10 million for the quarter, compared to analyst estimates of $567.40 million. lululemon athletica inc. had a return on equity of 22.51% and a net margin of 11.68%. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 earnings per share. analysts forecast that lululemon athletica inc. will post 2.43 earnings per share for the current fiscal year.
Several equities research analysts have weighed in on the stock. Cowen and Company reaffirmed an “outperform” rating and issued a $68.00 price target (up from $67.00) on shares of lululemon athletica inc. in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a report on Thursday, August 17th. Credit Suisse Group set a $56.00 price target on shares of lululemon athletica inc. and gave the stock a “hold” rating in a report on Friday, August 25th. Instinet reiterated a “buy” rating and issued a $67.00 target price (up from $65.00) on shares of lululemon athletica inc. in a research note on Friday, September 1st. Finally, Robert W. Baird set a $70.00 target price on shares of lululemon athletica inc. and gave the company a “buy” rating in a research note on Tuesday, August 29th. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $65.67.
lululemon athletica inc. Profile
lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements.
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