Swiss Life Asset Management Ltd Has $7.91 Million Position in lululemon athletica inc. $LULU

Swiss Life Asset Management Ltd raised its position in lululemon athletica inc. (NASDAQ:LULUFree Report) by 38.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,470 shares of the apparel retailer’s stock after purchasing an additional 12,261 shares during the period. Swiss Life Asset Management Ltd’s holdings in lululemon athletica were worth $7,913,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Cornerstone Planning Group LLC grew its holdings in shares of lululemon athletica by 81.9% in the 3rd quarter. Cornerstone Planning Group LLC now owns 151 shares of the apparel retailer’s stock valued at $25,000 after buying an additional 68 shares during the period. Murphy & Mullick Capital Management Corp raised its stake in 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 buying an additional 105 shares during the period. Tradewinds Capital Management LLC raised its stake in lululemon athletica by 18,400.0% during the 3rd quarter. Tradewinds Capital Management LLC now owns 185 shares of the apparel retailer’s stock worth $33,000 after buying an additional 184 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in lululemon athletica by 464.0% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 141 shares of the apparel retailer’s stock worth $34,000 after acquiring an additional 116 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its holdings in lululemon athletica by 129.4% during the third quarter. Golden State Wealth Management LLC now owns 195 shares of the apparel retailer’s stock worth $35,000 after acquiring an additional 110 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

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 company has a market cap of $19.09 billion, a P/E ratio of 12.24, a P/E/G ratio of 4.78 and a beta of 1.00. The stock’s 50-day simple moving average is $179.32 and its 200 day simple moving average is $181.11.

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

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Analyst Upgrades and Downgrades

Several brokerages have issued reports on LULU. Jefferies Financial Group lowered their price target on lululemon athletica from $200.00 to $185.00 and set a “hold” rating for the company in a report on Friday, January 30th. Deutsche Bank Aktiengesellschaft assumed coverage on lululemon athletica in a report on Thursday, January 8th. They set a “hold” rating on the stock. JPMorgan Chase & Co. decreased their price objective on lululemon athletica from $209.00 to $196.00 and set a “neutral” rating for the company in a research report on Wednesday. BNP Paribas Exane lowered their target price on lululemon athletica from $206.00 to $170.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, UBS Group dropped their target price on shares of lululemon athletica from $189.00 to $176.00 and set a “neutral” rating on the stock in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, thirty have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, lululemon athletica presently has a consensus rating of “Hold” and a consensus price target of $215.33.

Read Our Latest Research Report on LULU

lululemon athletica Profile

(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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