lululemon athletica inc. (LULU) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its holdings in shares of lululemon athletica inc. (NASDAQ:LULU) by 2.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 195,425 shares of the apparel retailer’s stock after purchasing an additional 4,986 shares during the quarter. Russell Investments Group Ltd. owned about 0.14% of lululemon athletica worth $12,166,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of lululemon athletica by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 7,850,066 shares of the apparel retailer’s stock worth $468,413,000 after purchasing an additional 233,035 shares during the period. BlackRock Inc. grew its holdings in shares of lululemon athletica by 4.4% during the 2nd quarter. BlackRock Inc. now owns 5,373,376 shares of the apparel retailer’s stock worth $320,629,000 after purchasing an additional 228,068 shares during the period. HS Management Partners LLC grew its holdings in shares of lululemon athletica by 36.4% during the 2nd quarter. HS Management Partners LLC now owns 2,775,486 shares of the apparel retailer’s stock worth $165,613,000 after purchasing an additional 741,200 shares during the period. Janus Henderson Group PLC grew its holdings in shares of lululemon athletica by 16,053.2% during the 2nd quarter. Janus Henderson Group PLC now owns 2,614,550 shares of the apparel retailer’s stock worth $156,010,000 after purchasing an additional 2,598,364 shares during the period. Finally, Eaton Vance Management purchased a new position in shares of lululemon athletica during the 2nd quarter worth $126,967,000. Institutional investors and hedge funds own 79.44% of the company’s stock.

Shares of lululemon athletica inc. (NASDAQ:LULU) opened at $67.22 on Friday. The stock has a market capitalization of $9,065.11, a PE ratio of 30.72, a price-to-earnings-growth ratio of 2.48 and a beta of 0.18. lululemon athletica inc. has a 12-month low of $47.26 and a 12-month high of $72.70.

lululemon athletica (NASDAQ:LULU) last issued its earnings results on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. lululemon athletica had a return on equity of 22.51% and a net margin of 11.68%. The business had revenue of $581.10 million for the quarter, compared to analyst estimates of $567.40 million. During the same quarter last year, the company earned $0.38 EPS. The business’s quarterly revenue was up 12.9% on a year-over-year basis. research analysts predict that lululemon athletica inc. will post 2.43 earnings per share for the current year.

A number of equities analysts recently commented on LULU shares. BMO Capital Markets set a $55.00 target price on lululemon athletica and gave the company a “hold” rating in a report on Tuesday, August 8th. Vetr upgraded lululemon athletica from a “hold” rating to a “buy” rating and set a $63.40 target price for the company in a report on Thursday, August 10th. BidaskClub cut lululemon athletica from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Zacks Investment Research cut lululemon athletica from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, Bank of America upgraded lululemon athletica from an “underperform” rating to a “buy” rating and raised their target price for the company from $48.00 to $70.00 in a report on Monday, August 21st. Five analysts have rated the stock with a sell rating, seventeen have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $65.85.

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

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