Lululemon Athletica inc. (LULU) Shares Sold by Meeder Asset Management Inc.

Meeder Asset Management Inc. decreased its holdings in Lululemon Athletica inc. (NASDAQ:LULU) by 45.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 7,390 shares of the apparel retailer’s stock after selling 6,120 shares during the quarter. Meeder Asset Management Inc.’s holdings in Lululemon Athletica were worth $1,201,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in LULU. Laurion Capital Management LP raised its position in Lululemon Athletica by 6,457.1% in the second quarter. Laurion Capital Management LP now owns 1,606,478 shares of the apparel retailer’s stock worth $200,569,000 after acquiring an additional 1,581,978 shares in the last quarter. Artisan Partners Limited Partnership purchased a new position in Lululemon Athletica in the second quarter worth $130,068,000. BlackRock Inc. raised its position in Lululemon Athletica by 19.3% in the second quarter. BlackRock Inc. now owns 6,030,449 shares of the apparel retailer’s stock worth $752,900,000 after acquiring an additional 974,511 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in 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 worth $107,206,000 after acquiring an additional 850,757 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in 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 worth $124,912,000 after acquiring an additional 476,803 shares in the last quarter. Hedge funds and other institutional investors own 79.55% of the company’s stock.

LULU opened at $143.23 on Thursday. The firm has a market cap of $18.68 billion, a P/E ratio of 55.30, a P/E/G ratio of 2.05 and a beta of 0.38. Lululemon Athletica inc. has a 52 week low of $59.93 and a 52 week high of $164.79.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, August 30th. The apparel retailer reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.22. The business had revenue of $723.50 million for the quarter, compared to analyst estimates of $669.14 million. Lululemon Athletica had a return on equity of 28.67% and a net margin of 11.97%. During the same quarter last year, the company earned $0.39 earnings per share. Research analysts expect that Lululemon Athletica inc. will post 3.58 EPS for the current year.

Several research analysts have issued reports on the company. Canaccord Genuity upgraded Lululemon Athletica from a “hold” rating to a “buy” rating and increased their price objective for the stock from $152.00 to $160.00 in a research report on Wednesday, October 24th. Wedbush upgraded Lululemon Athletica from a “neutral” rating to an “outperform” rating and set a $176.00 price objective for the company in a research report on Monday, October 15th. BidaskClub cut Lululemon Athletica from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 9th. Robert W. Baird increased their price objective on Lululemon Athletica from $170.00 to $190.00 and gave the stock a “positive” rating in a research report on Wednesday, October 3rd. Finally, MKM Partners set a $174.00 price objective on Lululemon Athletica and gave the stock a “buy” rating in a research report on Tuesday, October 2nd. Thirteen research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $154.36.

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Lululemon Athletica Profile

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.

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

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