Baird Financial Group Inc. raised its stake in lululemon athletica inc. (NASDAQ:LULU) by 11.2% during the fourth quarter, Holdings Channel reports. The fund owned 866,802 shares of the apparel retailer’s stock after buying an additional 87,385 shares during the period. Baird Financial Group Inc. owned about 0.63% of lululemon athletica inc. worth $56,334,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of LULU. Van ECK Associates Corp raised its position in shares of lululemon athletica inc. by 2.9% in the fourth quarter. Van ECK Associates Corp now owns 1,609 shares of the apparel retailer’s stock valued at $105,000 after buying an additional 46 shares during the last quarter. Mycio Wealth Partners LLC increased its stake in lululemon athletica inc. by 0.6% in the second quarter. Mycio Wealth Partners LLC now owns 1,972 shares of the apparel retailer’s stock worth $146,000 after buying an additional 12 shares during the last quarter. Cetera Advisors LLC increased its stake in lululemon athletica inc. by 4.1% in the third quarter. Cetera Advisors LLC now owns 3,786 shares of the apparel retailer’s stock worth $229,000 after buying an additional 149 shares during the last quarter. Princeton Alpha Management LP purchased a new stake in lululemon athletica inc. during the third quarter worth $279,000. Finally, BNP Paribas Arbitrage SA increased its stake in lululemon athletica inc. by 21.8% in the third quarter. BNP Paribas Arbitrage SA now owns 4,770 shares of the apparel retailer’s stock worth $291,000 after buying an additional 853 shares during the last quarter. 90.90% of the stock is owned by institutional investors.
lululemon athletica inc. (NASDAQ:LULU) traded up 0.93% during mid-day trading on Friday, hitting $67.62. The company had a trading volume of 1,240,274 shares. lululemon athletica inc. has a 12 month low of $54.00 and a 12 month high of $81.81. The company has a 50-day moving average price of $67.20 and a 200 day moving average price of $65.88. The firm has a market capitalization of $9.27 billion, a P/E ratio of 32.65 and a beta of 0.23.
lululemon athletica inc. (NASDAQ:LULU) last posted its quarterly earnings results on Wednesday, December 7th. The apparel retailer reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.04. The business had revenue of $544.40 million for the quarter, compared to the consensus estimate of $540.81 million. lululemon athletica inc. had a return on equity of 24.32% and a net margin of 12.60%. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 EPS. Equities analysts forecast that lululemon athletica inc. will post $2.15 EPS for the current fiscal year.
A number of analysts recently weighed in on LULU shares. Oppenheimer Holdings, Inc. set a $70.00 target price on lululemon athletica inc. and gave the stock a “buy” rating in a research report on Tuesday, October 18th. Susquehanna Bancshares Inc restated a “buy” rating and issued a $77.00 target price on shares of lululemon athletica inc. in a research report on Thursday, December 1st. Cowen and Company set a $72.00 target price on lululemon athletica inc. and gave the stock a “buy” rating in a research report on Monday, December 5th. Wedbush set a $70.00 target price on lululemon athletica inc. and gave the stock a “buy” rating in a research report on Tuesday, December 6th. Finally, Mizuho upgraded lululemon athletica inc. from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $60.00 to $78.00 in a research report on Thursday, December 8th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $71.83.
About lululemon athletica inc.
Lululemon Athletica Inc is a designer, distributor and retailer of technical athletic apparel. The Company’s segments include Company-operated stores, Direct to consumer and Other. The Company offers a line of apparel and accessories for women, men and female youth. Its apparel assortment includes items, such as pants, shorts, tops and jackets designed for healthy lifestyle activities and athletic pursuits, such as yoga, running, other sweaty pursuits and athletic wear for female youth.
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