Lululemon Athletica inc. (LULU) Holdings Decreased by Legal & General Group Plc

Share on StockTwits

Legal & General Group Plc cut its stake in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 3.4% in the second quarter, Holdings Channel reports. The fund owned 412,282 shares of the apparel retailer’s stock after selling 14,559 shares during the period. Legal & General Group Plc’s holdings in Lululemon Athletica were worth $51,474,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Lululemon Athletica by 19.3% in the second quarter. BlackRock Inc. now owns 6,030,449 shares of the apparel retailer’s stock valued at $752,900,000 after purchasing an additional 974,511 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Lululemon Athletica by 91.0% in the second quarter. Wells Fargo & Company MN now owns 1,000,498 shares of the apparel retailer’s stock valued at $124,912,000 after purchasing an additional 476,803 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Lululemon Athletica by 10,743.2% in the second quarter. BNP Paribas Arbitrage SA now owns 858,676 shares of the apparel retailer’s stock valued at $107,206,000 after purchasing an additional 850,757 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Lululemon Athletica by 26.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 768,720 shares of the apparel retailer’s stock valued at $95,975,000 after purchasing an additional 160,971 shares in the last quarter. Finally, Lord Abbett & CO. LLC grew its holdings in shares of Lululemon Athletica by 24.0% in the first quarter. Lord Abbett & CO. LLC now owns 758,404 shares of the apparel retailer’s stock valued at $67,589,000 after purchasing an additional 146,774 shares in the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

A number of research analysts recently weighed in on the stock. Robert W. Baird lifted their price objective on shares of Lululemon Athletica from $125.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, June 8th. Citigroup lifted their price objective on shares of Lululemon Athletica from $117.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, June 26th. Zacks Investment Research cut shares of Lululemon Athletica from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. B. Riley lifted their price target on shares of Lululemon Athletica from $112.00 to $128.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 15th. Finally, Oppenheimer lifted their price target on shares of Lululemon Athletica from $125.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, July 9th. Fifteen investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $143.19.

Shares of NASDAQ:LULU opened at $151.00 on Friday. The company has a market cap of $20.73 billion, a PE ratio of 48.49, a P/E/G ratio of 2.51 and a beta of 0.11. Lululemon Athletica inc. has a twelve month low of $57.19 and a twelve month high of $160.00.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, August 30th. The apparel retailer reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.22. The business had revenue of $723.50 million during the quarter, compared to the consensus estimate of $669.14 million. Lululemon Athletica had a net margin of 11.97% and a return on equity of 28.67%. During the same quarter in the previous year, the firm earned $0.39 EPS. research analysts expect that Lululemon Athletica inc. will post 3.56 earnings per share for the current fiscal year.

About Lululemon Athletica

lululemon athletica inc., an athletic apparel company, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.

Featured Story: NASDAQ Stock Market Explained

Want to see what other hedge funds are holding LULU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lululemon Athletica inc. (NASDAQ:LULU).

Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

Receive News & Ratings for Lululemon Athletica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lululemon Athletica and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply