Navellier & Associates Inc trimmed its holdings in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 0.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 75,805 shares of the apparel retailer’s stock after selling 311 shares during the quarter. Lululemon Athletica makes up about 2.1% of Navellier & Associates Inc’s investment portfolio, making the stock its 5th largest holding. Navellier & Associates Inc owned approximately 0.06% of Lululemon Athletica worth $13,661,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC grew its holdings in shares of Lululemon Athletica by 4.3% in the 4th quarter. Geode Capital Management LLC now owns 1,296,806 shares of the apparel retailer’s stock valued at $157,624,000 after acquiring an additional 53,511 shares in the last quarter. American International Group Inc. grew its holdings in shares of Lululemon Athletica by 308.8% in the 4th quarter. American International Group Inc. now owns 9,701 shares of the apparel retailer’s stock valued at $1,180,000 after acquiring an additional 7,328 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of Lululemon Athletica by 41.5% in the 4th quarter. MML Investors Services LLC now owns 2,833 shares of the apparel retailer’s stock valued at $345,000 after acquiring an additional 831 shares in the last quarter. First Allied Advisory Services Inc. grew its holdings in shares of Lululemon Athletica by 30.1% in the 4th quarter. First Allied Advisory Services Inc. now owns 2,103 shares of the apparel retailer’s stock valued at $254,000 after acquiring an additional 486 shares in the last quarter. Finally, Cetera Advisors LLC grew its holdings in shares of Lululemon Athletica by 6.7% in the 4th quarter. Cetera Advisors LLC now owns 3,132 shares of the apparel retailer’s stock valued at $380,000 after acquiring an additional 196 shares in the last quarter. Institutional investors own 81.13% of the company’s stock.

Shares of LULU stock opened at $190.61 on Monday. The stock’s 50 day moving average is $182.93. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.33 and a quick ratio of 1.45. The firm has a market capitalization of $24.83 billion, a P/E ratio of 49.64, a PEG ratio of 2.21 and a beta of 0.64. Lululemon Athletica inc. has a 12-month low of $110.71 and a 12-month high of $193.71.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Wednesday, June 12th. The apparel retailer reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.04. The firm had revenue of $782.30 million during the quarter, compared to the consensus estimate of $755.92 million. Lululemon Athletica had a net margin of 14.77% and a return on equity of 38.77%. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period last year, the business posted $0.55 earnings per share. Research analysts forecast that Lululemon Athletica inc. will post 4.7 earnings per share for the current fiscal year.

In other Lululemon Athletica news, Director David M. Mussafer sold 4,484 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $186.10, for a total transaction of $834,472.40. Following the completion of the sale, the director now directly owns 18,947 shares in the company, valued at $3,526,036.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.34% of the company’s stock.

Several equities analysts have recently weighed in on LULU shares. B. Riley set a $2.00 price objective on Ascena Retail Group and gave the company a “hold” rating in a report on Friday, May 17th. Jefferies Financial Group cut Lululemon Athletica to a “hold” rating and raised their price objective for the company from $156.00 to $175.00 in a report on Thursday, June 13th. Needham & Company LLC restated a “hold” rating on shares of Lululemon Athletica in a report on Thursday, June 13th. Cowen set a $200.00 price objective on Lululemon Athletica and gave the company a “buy” rating in a report on Thursday, June 13th. Finally, BidaskClub downgraded shares of Zynga from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Ten equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. Lululemon Athletica presently has an average rating of “Buy” and a consensus price target of $190.34.

About Lululemon Athletica

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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