Eagle Asset Management Inc. Has $93.42 Million Holdings in Lululemon Athletica inc. (NASDAQ:LULU)

Eagle Asset Management Inc. cut its holdings in Lululemon Athletica inc. (NASDAQ:LULU) by 33.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 485,235 shares of the apparel retailer’s stock after selling 241,944 shares during the quarter. Eagle Asset Management Inc. owned approximately 0.37% of Lululemon Athletica worth $93,422,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Next Capital Management LLC boosted its stake in shares of Lululemon Athletica by 15.6% during the second quarter. Next Capital Management LLC now owns 437 shares of the apparel retailer’s stock valued at $79,000 after purchasing an additional 59 shares in the last quarter. Commonwealth Bank of Australia boosted its stake in shares of Lululemon Athletica by 35.6% during the second quarter. Commonwealth Bank of Australia now owns 259 shares of the apparel retailer’s stock valued at $45,000 after purchasing an additional 68 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in shares of Lululemon Athletica by 70.0% during the third quarter. Golden State Wealth Management LLC now owns 170 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 70 shares in the last quarter. Advantage Investment Management LLC boosted its stake in shares of Lululemon Athletica by 9.4% during the second quarter. Advantage Investment Management LLC now owns 851 shares of the apparel retailer’s stock valued at $153,000 after purchasing an additional 73 shares in the last quarter. Finally, West Oak Capital LLC boosted its stake in shares of Lululemon Athletica by 60.0% during the third quarter. West Oak Capital LLC now owns 200 shares of the apparel retailer’s stock valued at $39,000 after purchasing an additional 75 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

LULU has been the topic of a number of recent research reports. Cowen lifted their price target on Lululemon Athletica from $214.00 to $235.00 and gave the company an “outperform” rating in a research note on Tuesday, September 17th. Deutsche Bank lifted their price target on Lululemon Athletica from $205.00 to $216.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Oppenheimer set a $225.00 price target on Lululemon Athletica and gave the company a “buy” rating in a research note on Friday, September 6th. MKM Partners lifted their price target on Lululemon Athletica from $215.00 to $217.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, Wedbush lifted their price target on Lululemon Athletica from $175.00 to $190.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. They noted that the move was a valuation call. Fourteen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Lululemon Athletica currently has an average rating of “Buy” and a consensus price target of $211.79.

Shares of LULU traded up $1.31 during mid-day trading on Friday, reaching $204.13. 1,302,500 shares of the company were exchanged, compared to its average volume of 2,027,649. Lululemon Athletica inc. has a 52 week low of $110.71 and a 52 week high of $209.02. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.52 and a current ratio of 2.41. The stock has a market capitalization of $25.32 billion, a PE ratio of 53.16, a PEG ratio of 2.26 and a beta of 0.67. The business has a 50 day simple moving average of $198.53 and a two-hundred day simple moving average of $185.33.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, September 5th. The apparel retailer reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.07. Lululemon Athletica had a return on equity of 39.54% and a net margin of 14.93%. The company had revenue of $883.35 million during the quarter, compared to the consensus estimate of $845.03 million. During the same period last year, the company earned $0.71 earnings per share. The firm’s revenue was up 22.1% compared to the same quarter last year. On average, analysts predict that Lululemon Athletica inc. will post 4.74 EPS for the current year.

In other Lululemon Athletica news, Director Dennis J. Wilson sold 164,061 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $182.89, for a total value of $30,005,116.29. Following the completion of the sale, the director now directly owns 3,852 shares in the company, valued at $704,492.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dennis J. Wilson sold 99,133 shares of Lululemon Athletica stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $201.79, for a total value of $20,004,048.07. Following the completion of the sale, the director now owns 3,852 shares of the company’s stock, valued at $777,295.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 420,548 shares of company stock valued at $79,395,186. 0.34% of the stock is currently owned by corporate insiders.

Lululemon Athletica Company Profile

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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