Ffcm LLC increased its holdings in Lululemon Athletica inc. (NASDAQ:LULU) by 420.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,801 shares of the apparel retailer’s stock after buying an additional 6,303 shares during the period. Ffcm LLC’s holdings in Lululemon Athletica were worth $1,267,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in LULU. Laurion Capital Management LP boosted its position in shares of Lululemon Athletica by 6,457.1% in the 2nd quarter. Laurion Capital Management LP now owns 1,606,478 shares of the apparel retailer’s stock worth $200,569,000 after buying an additional 1,581,978 shares in the last quarter. Artisan Partners Limited Partnership purchased a new position in Lululemon Athletica in the 2nd quarter valued at about $130,068,000. BlackRock Inc. lifted its holdings in Lululemon Athletica by 19.3% in the 2nd 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. Eagle Asset Management Inc. purchased a new position in Lululemon Athletica in the 3rd quarter valued at about $80,637,000. Finally, Wells Fargo & Company MN lifted its holdings in Lululemon Athletica by 91.0% in the 2nd 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. Institutional investors and hedge funds own 78.53% of the company’s stock.
A number of research analysts have issued reports on LULU shares. Wells Fargo & Co upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and upped their target price for the company from $144.00 to $200.00 in a report on Monday, September 17th. Morgan Stanley upped their target price on shares of Lululemon Athletica from $108.00 to $133.00 and gave the company an “equal weight” rating in a report on Tuesday, September 4th. Zacks Investment Research upgraded shares of Lululemon Athletica from a “hold” rating to a “strong-buy” rating and set a $181.00 target price on the stock in a report on Wednesday, September 5th. B. Riley upped their target price on shares of Lululemon Athletica from $112.00 to $141.00 and gave the company a “neutral” rating in a report on Friday, August 31st. Finally, Canaccord Genuity upgraded shares of Lululemon Athletica from a “hold” rating to a “buy” rating and upped their target price for the company from $152.00 to $160.00 in a report on Wednesday, October 24th. Fourteen research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $154.36.
Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, August 30th. The apparel retailer reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.22. The firm 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 prior year, the company earned $0.39 EPS. Analysts expect that Lululemon Athletica inc. will post 3.58 earnings per share for the current year.
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.
Read More: Technical Analysis
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).
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.