IHT Wealth Management LLC raised its position in lululemon athletica inc. (NASDAQ:LULU) by 591.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,382 shares of the apparel retailer’s stock after purchasing an additional 1,182 shares during the period. IHT Wealth Management LLC’s holdings in lululemon athletica inc. were worth $105,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP purchased a new position in shares of lululemon athletica inc. during the 1st quarter worth about $955,000. Comerica Bank increased its position in lululemon athletica inc. by 0.9% during the 1st quarter. Comerica Bank now owns 11,149 shares of the apparel retailer’s stock worth $588,000 after purchasing an additional 97 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in lululemon athletica inc. by 5.4% during the 1st quarter. UBS Asset Management Americas Inc. now owns 261,021 shares of the apparel retailer’s stock worth $13,539,000 after purchasing an additional 13,260 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in lululemon athletica inc. by 47.6% during the 1st quarter. Parametric Portfolio Associates LLC now owns 67,964 shares of the apparel retailer’s stock worth $3,525,000 after purchasing an additional 21,921 shares in the last quarter. Finally, KBC Group NV increased its position in lululemon athletica inc. by 16.5% during the 1st quarter. KBC Group NV now owns 14,570 shares of the apparel retailer’s stock worth $756,000 after purchasing an additional 2,061 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

A number of research firms recently issued reports on LULU. BMO Capital Markets set a $55.00 target price on shares of lululemon athletica inc. and gave the stock a “hold” rating in a research report on Tuesday, August 8th. Vetr raised shares of lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $63.40 price objective for the company in a research report on Thursday, August 10th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $68.00 price target on shares of lululemon athletica inc. in a research report on Tuesday. BidaskClub downgraded shares of lululemon athletica inc. from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Finally, Zacks Investment Research raised shares of lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research report on Thursday, August 17th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. lululemon athletica inc. currently has an average rating of “Hold” and an average target price of $65.76.

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Shares of lululemon athletica inc. (NASDAQ:LULU) traded down 1.050% during mid-day trading on Friday, reaching $59.865. The company had a trading volume of 277,137 shares. The firm has a 50-day moving average of $60.58 and a 200-day moving average of $56.65. The company has a market capitalization of $8.10 billion, a P/E ratio of 28.892 and a beta of 0.20. lululemon athletica inc. has a 12-month low of $47.26 and a 12-month high of $72.70.

lululemon athletica inc. (NASDAQ:LULU) last announced its earnings results on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.04. The business had revenue of $581.10 million during the quarter, compared to the consensus estimate of $567.40 million. lululemon athletica inc. had a net margin of 11.68% and a return on equity of 22.51%. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 earnings per share. On average, equities analysts anticipate that lululemon athletica inc. will post $2.41 earnings per share for the current fiscal year.

lululemon athletica inc. 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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