Coldstream Capital Management Inc. raised its position in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 41.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,398 shares of the apparel retailer’s stock after acquiring an additional 705 shares during the period. Coldstream Capital Management Inc.’s holdings in Lululemon Athletica were worth $454,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of the stock. BlackRock Inc. raised its stake in Lululemon Athletica by 1.3% in the first quarter. BlackRock Inc. now owns 7,036,616 shares of the apparel retailer’s stock valued at $1,333,790,000 after buying an additional 91,204 shares during the last quarter. WCM Investment Management LLC increased its holdings in shares of Lululemon Athletica by 102.9% during the first quarter. WCM Investment Management LLC now owns 6,685,064 shares of the apparel retailer’s stock valued at $1,267,154,000 after acquiring an additional 3,389,604 shares in the last quarter. State Street Corp raised its position in shares of Lululemon Athletica by 4.5% in the 1st quarter. State Street Corp now owns 2,874,929 shares of the apparel retailer’s stock valued at $544,943,000 after purchasing an additional 123,523 shares during the last quarter. Geode Capital Management LLC boosted its stake in Lululemon Athletica by 7.8% in the 1st quarter. Geode Capital Management LLC now owns 1,413,589 shares of the apparel retailer’s stock worth $267,765,000 after purchasing an additional 102,157 shares in the last quarter. Finally, Morgan Stanley grew its position in Lululemon Athletica by 11.3% during the 1st quarter. Morgan Stanley now owns 1,286,050 shares of the apparel retailer’s stock worth $243,769,000 after purchasing an additional 130,574 shares during the last quarter. Institutional investors own 83.08% of the company’s stock.

NASDAQ LULU traded down $4.13 on Friday, hitting $291.00. The company had a trading volume of 22,071 shares, compared to its average volume of 2,643,892. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.68 and a quick ratio of 1.69. The company’s fifty day moving average price is $282.61 and its 200-day moving average price is $236.89. The company has a market capitalization of $38.43 billion, a PE ratio of 66.77, a PEG ratio of 3.68 and a beta of 1.06. Lululemon Athletica inc. has a 12-month low of $128.85 and a 12-month high of $324.76.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, June 11th. The apparel retailer reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). Lululemon Athletica had a net margin of 15.01% and a return on equity of 33.27%. The company had revenue of $651.96 million during the quarter, compared to analyst estimates of $695.98 million. During the same quarter last year, the business earned $0.74 EPS. The firm’s revenue for the quarter was down 16.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Lululemon Athletica inc. will post 4.37 EPS for the current year.

Several equities research analysts have recently commented on LULU shares. Barclays lowered their price objective on shares of Lululemon Athletica from $210.00 to $209.00 and set an “overweight” rating for the company in a research note on Friday, March 27th. Citigroup lifted their price target on Lululemon Athletica from $230.00 to $340.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. Robert W. Baird boosted their price target on Lululemon Athletica from $300.00 to $330.00 and gave the company an “outperform” rating in a research note on Friday, June 12th. Raymond James restated a “buy” rating and issued a $335.00 price objective on shares of Lululemon Athletica in a research note on Friday, June 19th. Finally, Piper Sandler reiterated a “buy” rating and issued a $365.00 target price on shares of Lululemon Athletica in a research report on Thursday, June 18th. Twelve analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Lululemon Athletica has a consensus rating of “Buy” and a consensus price target of $306.22.

In related news, Director Dennis J. Wilson sold 89,455 shares of the stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $223.58, for a total value of $20,000,348.90. Following the completion of the sale, the director now owns 3,852 shares of the company’s stock, valued at $861,230.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Dennis J. Wilson sold 135,836 shares of Lululemon Athletica stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $220.86, for a total value of $30,000,738.96. Following the transaction, the director now owns 3,852 shares in the company, valued at approximately $850,752.72. The disclosure for this sale can be found here. Insiders have sold 483,883 shares of company stock worth $99,999,851 over the last 90 days. 0.32% of the stock is currently owned by company insiders.

About Lululemon Athletica

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.

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

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