Nomura Asset Management Co. Ltd. raised its holdings in Lululemon Athletica inc. (NASDAQ:LULU) by 48.8% during the 3rd quarter, Holdings Channel reports. The fund owned 20,300 shares of the apparel retailer’s stock after buying an additional 6,657 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Lululemon Athletica were worth $3,299,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Toronto Dominion Bank lifted its holdings in shares of Lululemon Athletica by 8.8% in the 3rd quarter. Toronto Dominion Bank now owns 11,056 shares of the apparel retailer’s stock worth $1,796,000 after buying an additional 896 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Lululemon Athletica by 12.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,873,494 shares of the apparel retailer’s stock worth $466,913,000 after buying an additional 328,478 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Lululemon Athletica by 5.2% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 359,608 shares of the apparel retailer’s stock worth $58,433,000 after buying an additional 17,834 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Lululemon Athletica by 298.2% in the 3rd quarter. SG Americas Securities LLC now owns 17,264 shares of the apparel retailer’s stock worth $2,805,000 after buying an additional 12,928 shares during the period. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Lululemon Athletica by 9.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 7,118 shares of the apparel retailer’s stock worth $1,156,000 after buying an additional 589 shares during the period. 78.53% of the stock is currently owned by institutional investors.

Shares of LULU stock opened at $121.39 on Wednesday. The stock has a market capitalization of $16.81 billion, a PE ratio of 46.87, a PEG ratio of 1.84 and a beta of 0.38. Lululemon Athletica inc. has a fifty-two week low of $65.30 and a fifty-two week high of $164.79.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, August 30th. The apparel retailer reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.22. The business had revenue of $723.50 million for the quarter, compared to analyst estimates of $669.14 million. Lululemon Athletica had a return on equity of 28.67% and a net margin of 11.97%. During the same period in the prior year, the company earned $0.39 earnings per share. Sell-side analysts anticipate that Lululemon Athletica inc. will post 3.58 EPS for the current fiscal year.

Several equities research analysts have weighed in on the company. B. Riley upped their target price on Lululemon Athletica from $112.00 to $128.00 and gave the stock a “neutral” rating in a report on Wednesday, August 15th. Zacks Investment Research cut Lululemon Athletica from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. BidaskClub cut Lululemon Athletica from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine cut Lululemon Athletica from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Finally, MKM Partners set a $150.00 price objective on Lululemon Athletica and gave the stock a “buy” rating in a research note on Friday, August 24th. Fourteen research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $154.36.

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Lululemon Athletica Profile

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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