Wedbush Securities Inc. reduced its stake in shares of lululemon athletica inc. (NASDAQ:LULU) by 4.2% during the second quarter, Holdings Channel reports. The institutional investor owned 28,638 shares of the apparel retailer’s stock after selling 1,260 shares during the period. Wedbush Securities Inc.’s holdings in lululemon athletica inc. were worth $1,709,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of lululemon athletica inc. by 3.7% in the first quarter. Vanguard Group Inc. now owns 7,617,031 shares of the apparel retailer’s stock valued at $395,095,000 after buying an additional 269,847 shares in the last quarter. BlackRock Inc. boosted its position in shares of lululemon athletica inc. by 4,791.0% in the first quarter. BlackRock Inc. now owns 5,145,308 shares of the apparel retailer’s stock valued at $266,888,000 after buying an additional 5,040,109 shares in the last quarter. State Street Corp boosted its position in shares of lululemon athletica inc. by 3.2% in the first quarter. State Street Corp now owns 2,096,308 shares of the apparel retailer’s stock valued at $108,737,000 after buying an additional 65,889 shares in the last quarter. HS Management Partners LLC boosted its position in shares of lululemon athletica inc. by 17.9% in the first quarter. HS Management Partners LLC now owns 2,034,286 shares of the apparel retailer’s stock valued at $105,518,000 after buying an additional 309,212 shares in the last quarter. Finally, Janus Capital Management LLC boosted its position in shares of lululemon athletica inc. by 163.9% in the first quarter. Janus Capital Management LLC now owns 1,768,004 shares of the apparel retailer’s stock valued at $91,706,000 after buying an additional 1,098,057 shares in the last quarter. 80.15% of the stock is currently owned by institutional investors.

Shares of lululemon athletica inc. (NASDAQ:LULU) opened at 59.76 on Friday. The firm has a market cap of $8.17 billion, a P/E ratio of 28.31 and a beta of 0.25. The stock’s 50 day moving average is $59.95 and its 200-day moving average is $58.31. lululemon athletica inc. has a 52-week low of $47.26 and a 52-week high of $81.81.

lululemon athletica inc. (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, June 1st. The apparel retailer reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.04. The company had revenue of $520.30 million for the quarter, compared to the consensus estimate of $513.99 million. lululemon athletica inc. had a return on equity of 23.43% and a net margin of 12.21%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 EPS. Equities analysts anticipate that lululemon athletica inc. will post $2.34 earnings per share for the current fiscal year.

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LULU has been the topic of a number of recent analyst reports. Cowen and Company set a $64.00 price target on shares of lululemon athletica inc. and gave the stock a “buy” rating in a research note on Thursday, April 20th. Vetr cut shares of lululemon athletica inc. from a “buy” rating to a “hold” rating and set a $54.75 price target on the stock. in a research note on Wednesday, May 10th. Jefferies Group LLC reaffirmed a “hold” rating and set a $56.00 price target on shares of lululemon athletica inc. in a research note on Friday, July 14th. Deutsche Bank AG reaffirmed a “hold” rating and set a $59.00 price target (up from $58.00) on shares of lululemon athletica inc. in a research note on Saturday, June 3rd. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $58.00 price target (up from $56.00) on shares of lululemon athletica inc. in a research note on Friday, June 2nd. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $64.80.

In other lululemon athletica inc. news, Director Glenn Murphy purchased 97,728 shares of the company’s stock in a transaction on Monday, June 26th. The shares were bought at an average cost of $55.50 per share, with a total value of $5,423,904.00. Following the transaction, the director now directly owns 100,344 shares in the company, valued at approximately $5,569,092. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.29% of the company’s stock.

lululemon athletica inc. Company Profile

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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Institutional Ownership by Quarter for lululemon athletica inc. (NASDAQ:LULU)

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