Sumitomo Mitsui Asset Management Company LTD continued to hold its position in shares of lululemon athletica inc. (NASDAQ:LULU) during the second quarter, Holdings Channel reports. The firm owned 7,797 shares of the apparel retailer’s stock at the end of the second quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in lululemon athletica inc. were worth $465,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Penserra Capital Management LLC boosted its position in shares of lululemon athletica inc. by 1.9% in the first quarter. Penserra Capital Management LLC now owns 4,600 shares of the apparel retailer’s stock worth $238,000 after buying an additional 84 shares during the last quarter. Comerica Bank boosted its position in shares of lululemon athletica inc. by 0.9% in the first quarter. Comerica Bank now owns 11,149 shares of the apparel retailer’s stock worth $588,000 after buying an additional 97 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of lululemon athletica inc. by 4.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,925 shares of the apparel retailer’s stock worth $142,000 after buying an additional 121 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of lululemon athletica inc. by 0.3% in the first quarter. Great West Life Assurance Co. Can now owns 59,288 shares of the apparel retailer’s stock worth $3,072,000 after buying an additional 173 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of lululemon athletica inc. by 5.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,851 shares of the apparel retailer’s stock worth $303,000 after buying an additional 287 shares during the last quarter. Institutional investors and hedge funds own 80.15% of the company’s stock.

lululemon athletica inc. (LULU) opened at 60.25 on Friday. The firm has a market cap of $8.24 billion, a PE ratio of 28.54 and a beta of 0.25. The firm has a 50-day moving average price of $59.79 and a 200 day moving average price of $58.36. lululemon athletica inc. has a 12-month low of $47.26 and a 12-month high of $81.81.

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

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A number of equities analysts recently issued reports on the company. UBS Group AG restated a “neutral” rating and issued a $54.00 target price (down from $57.00) on shares of lululemon athletica inc. in a report on Tuesday, May 30th. Stifel Nicolaus set a $60.00 target price on lululemon athletica inc. and gave the stock a “buy” rating in a report on Sunday, May 28th. Barclays PLC set a $85.00 target price on lululemon athletica inc. and gave the stock a “buy” rating in a report on Saturday, June 3rd. Oppenheimer Holdings, Inc. set a $65.00 target price on lululemon athletica inc. and gave the stock a “buy” rating in a report on Saturday, June 3rd. Finally, Vetr upgraded lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $63.40 target price on the stock in a report on Thursday. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-one have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $64.80.

In other lululemon athletica inc. news, Director Glenn Murphy purchased 100,000 shares of lululemon athletica inc. stock in a transaction that occurred on Tuesday, June 27th. The stock was acquired at an average price of $55.50 per share, for a total transaction of $5,550,000.00. Following the completion of the acquisition, the director now owns 100,344 shares of the company’s stock, valued at approximately $5,569,092. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.29% of the company’s stock.

About lululemon athletica inc.

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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