Zurcher Kantonalbank Zurich Cantonalbank continued to hold its stake in shares of Lululemon Athletica inc. (NASDAQ:LULU) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,529 shares of the apparel retailer’s stock at the end of the first quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Lululemon Athletica inc. were worth $1,272,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of the company. Pictet Asset Management Ltd. boosted its stake in shares of Lululemon Athletica inc. by 28.0% in the first quarter. Pictet Asset Management Ltd. now owns 314,412 shares of the apparel retailer’s stock worth $16,309,000 after buying an additional 68,800 shares during the period. Xact Kapitalforvaltning AB boosted its stake in shares of Lululemon Athletica inc. by 21.8% in the first quarter. Xact Kapitalforvaltning AB now owns 17,832 shares of the apparel retailer’s stock worth $925,000 after buying an additional 3,189 shares during the period. Comerica Bank boosted its stake in shares of Lululemon Athletica inc. by 0.9% in the first quarter. Comerica Bank now owns 11,149 shares of the apparel retailer’s stock worth $588,000 after buying an additional 97 shares during the period. New Amsterdam Partners LLC NY acquired a new stake in Lululemon Athletica inc. during the first quarter valued at $1,721,000. Finally, BNP Paribas Arbitrage SA boosted its stake in Lululemon Athletica inc. by 25.3% in the first quarter. BNP Paribas Arbitrage SA now owns 34,302 shares of the apparel retailer’s stock valued at $1,779,000 after buying an additional 6,926 shares during the last quarter. 85.19% of the stock is currently owned by institutional investors and hedge funds.
Lululemon Athletica inc. (NASDAQ:LULU) traded up 0.072% on Wednesday, hitting $48.835. The stock had a trading volume of 1,428,572 shares. The stock’s 50-day moving average is $51.58 and its 200 day moving average is $60.75. Lululemon Athletica inc. has a 1-year low of $48.10 and a 1-year high of $81.81. The firm has a market capitalization of $6.69 billion, a price-to-earnings ratio of 22.097 and a beta of 0.23.
Lululemon Athletica inc. (NASDAQ:LULU) last announced its quarterly earnings data on Wednesday, March 29th. The apparel retailer reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by $0.01. Lululemon Athletica inc. had a return on equity of 24.32% and a net margin of 12.60%. The firm had revenue of $789 million during the quarter, compared to the consensus estimate of $783.32 million. During the same period last year, the company earned $0.85 EPS. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities research analysts predict that Lululemon Athletica inc. will post $2.31 earnings per share for the current fiscal year.
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Several research firms have weighed in on LULU. Oppenheimer Holdings Inc. set a $75.00 price target on Lululemon Athletica inc. and gave the company a “buy” rating in a report on Sunday, March 12th. SunTrust Banks, Inc. set a $69.00 price target on Lululemon Athletica inc. and gave the company a “buy” rating in a report on Saturday, April 1st. Pacific Crest cut Lululemon Athletica inc. to a “hold” rating in a report on Saturday, February 4th. DA Davidson reaffirmed a “neutral” rating and issued a $58.00 price target (down previously from $75.00) on shares of Lululemon Athletica inc. in a report on Sunday, April 2nd. Finally, Vetr raised Lululemon Athletica inc. from a “buy” rating to a “strong-buy” rating and set a $54.75 price target on the stock in a report on Tuesday. Six investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $65.66.
About Lululemon Athletica inc.
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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