Bank of Hawaii grew its holdings in Lululemon Athletica inc. (NASDAQ:LULU) by 32.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,300 shares of the apparel retailer’s stock after purchasing an additional 800 shares during the quarter. Bank of Hawaii’s holdings in Lululemon Athletica were worth $536,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in shares of Lululemon Athletica in the third quarter valued at about $130,000. Parallel Advisors LLC grew its position in shares of Lululemon Athletica by 230.4% in the third quarter. Parallel Advisors LLC now owns 955 shares of the apparel retailer’s stock valued at $155,000 after purchasing an additional 666 shares during the last quarter. TRUE Private Wealth Advisors acquired a new stake in shares of Lululemon Athletica in the third quarter valued at about $161,000. Synovus Financial Corp acquired a new stake in shares of Lululemon Athletica in the second quarter valued at about $127,000. Finally, Global Trust Asset Management LLC acquired a new stake in shares of Lululemon Athletica in the third quarter valued at about $179,000. 78.53% of the stock is currently owned by institutional investors.
LULU has been the topic of several research analyst reports. Deutsche Bank raised their price target on Lululemon Athletica from $137.00 to $138.00 and gave the company a “buy” rating in a research report on Monday, August 20th. Argus upgraded shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Thursday, August 16th. MKM Partners set a $150.00 target price on shares of Lululemon Athletica and gave the company a “buy” rating in a research note on Friday, August 24th. Bank of America increased their target price on shares of Lululemon Athletica from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, August 24th. Finally, SunTrust Banks increased their target price on shares of Lululemon Athletica to $162.00 and gave the company a “buy” rating in a research note on Friday, August 31st. Fourteen analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $154.36.
Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, August 30th. The apparel retailer reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.22. The firm had revenue of $723.50 million during the quarter, compared to analysts’ expectations 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 last year, the company earned $0.39 earnings per share. On average, equities analysts expect that Lululemon Athletica inc. will post 3.58 EPS for the current year.
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Lululemon Athletica Company 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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