Janney Montgomery Scott LLC increased its position in Lululemon Athletica inc. (NASDAQ:LULU) by 27.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,450 shares of the apparel retailer’s stock after buying an additional 2,707 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Lululemon Athletica were worth $2,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in LULU. Synovus Financial Corp bought a new stake in Lululemon Athletica in the 2nd quarter worth approximately $127,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in Lululemon Athletica in the 3rd quarter worth approximately $130,000. Parallel Advisors LLC lifted its position in Lululemon Athletica by 230.4% in the 3rd quarter. Parallel Advisors LLC now owns 955 shares of the apparel retailer’s stock worth $155,000 after buying an additional 666 shares during the last quarter. TRUE Private Wealth Advisors bought a new stake in Lululemon Athletica in the 3rd quarter worth approximately $161,000. Finally, Tower Research Capital LLC TRC lifted its position in Lululemon Athletica by 104.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,413 shares of the apparel retailer’s stock worth $177,000 after buying an additional 722 shares during the last quarter. Institutional investors own 78.53% of the company’s stock.

Lululemon Athletica stock opened at $126.99 on Tuesday. Lululemon Athletica inc. has a 12 month low of $65.30 and a 12 month high of $164.79. The firm has a market capitalization of $17.81 billion, a price-to-earnings ratio of 49.03, a P/E/G ratio of 1.95 and a beta of 0.38.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, August 30th. The apparel retailer reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.22. Lululemon Athletica had a return on equity of 28.67% and a net margin of 11.97%. The business had revenue of $723.50 million for the quarter, compared to the consensus estimate of $669.14 million. During the same period in the previous year, the company posted $0.39 earnings per share. On average, sell-side analysts anticipate that Lululemon Athletica inc. will post 3.58 EPS for the current fiscal year.

A number of analysts recently weighed in on the company. Wedbush boosted their target price on Lululemon Athletica from $110.00 to $176.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 2nd. Cowen set a $175.00 target price on Lululemon Athletica and gave the stock a “buy” rating in a research report on Friday, August 31st. Barclays boosted their target price on Lululemon Athletica from $150.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, August 31st. BidaskClub downgraded Lululemon Athletica from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 25th. Finally, SunTrust Banks boosted their target price on Lululemon Athletica to $162.00 and gave the stock a “buy” rating in a research report on Friday, August 31st. Fourteen analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $154.36.

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About Lululemon Athletica

lululemon athletica inc., an athletic apparel company, 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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