Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Holdings in Lululemon Athletica inc. (NASDAQ:LULU)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Lululemon Athletica inc. (NASDAQ:LULU) by 5.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,747 shares of the apparel retailer’s stock after buying an additional 2,605 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Lululemon Athletica were worth $9,000,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Amundi Pioneer Asset Management Inc. grew its position in shares of Lululemon Athletica by 6.7% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 72,706 shares of the apparel retailer’s stock valued at $11,914,000 after purchasing an additional 4,589 shares in the last quarter. DNB Asset Management AS bought a new stake in shares of Lululemon Athletica during the 2nd quarter worth $1,914,000. Carroll Financial Associates Inc. bought a new stake in shares of Lululemon Athletica during the 2nd quarter worth $123,000. Cordasco Financial Network bought a new stake in shares of Lululemon Athletica during the 2nd quarter worth $36,000. Finally, Scout Investments Inc. lifted its holdings in shares of Lululemon Athletica by 53.3% during the 2nd quarter. Scout Investments Inc. now owns 149,471 shares of the apparel retailer’s stock worth $26,936,000 after acquiring an additional 51,975 shares during the last quarter. Institutional investors and hedge funds own 81.03% of the company’s stock.

In related news, Director Dennis J. Wilson sold 99,133 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $201.79, for a total transaction of $20,004,048.07. Following the transaction, the director now owns 3,852 shares in the company, valued at $777,295.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dennis J. Wilson sold 110,629 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $182.87, for a total transaction of $20,230,725.23. Following the transaction, the director now owns 3,852 shares in the company, valued at approximately $704,415.24. The disclosure for this sale can be found here. Insiders sold 420,548 shares of company stock worth $79,395,186 in the last 90 days. Corporate insiders own 0.34% of the company’s stock.

Shares of LULU stock traded up $0.56 during mid-day trading on Tuesday, reaching $205.84. The stock had a trading volume of 25,738 shares, compared to its average volume of 1,574,077. The stock’s 50-day moving average price is $194.95 and its two-hundred day moving average price is $182.37. Lululemon Athletica inc. has a 52-week low of $110.71 and a 52-week high of $209.02. The firm has a market capitalization of $26.92 billion, a PE ratio of 53.62, a price-to-earnings-growth ratio of 2.41 and a beta of 0.66. The company has a current ratio of 2.41, a quick ratio of 1.52 and a debt-to-equity ratio of 0.38.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, September 5th. The apparel retailer reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.07. Lululemon Athletica had a net margin of 14.93% and a return on equity of 39.54%. The firm had revenue of $883.35 million for the quarter, compared to analysts’ expectations of $845.03 million. During the same quarter in the previous year, the company earned $0.71 earnings per share. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. On average, equities research analysts forecast that Lululemon Athletica inc. will post 4.74 earnings per share for the current year.

LULU has been the subject of a number of research analyst reports. Deutsche Bank lifted their price objective on shares of Lululemon Athletica from $205.00 to $216.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Susquehanna Bancshares set a $222.00 price objective on shares of Lululemon Athletica and gave the stock a “buy” rating in a report on Thursday, September 5th. MKM Partners lifted their price objective on shares of Lululemon Athletica from $215.00 to $217.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. ValuEngine downgraded shares of Lululemon Athletica from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Guggenheim reissued a “buy” rating and issued a $220.00 price target on shares of Lululemon Athletica in a research note on Thursday, September 5th. Twelve analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $206.71.

Lululemon Athletica Profile

lululemon athletica inc., 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.

Further Reading: Mutual Funds

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

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