Pacer Advisors Inc. boosted its position in Lululemon Athletica inc. (NASDAQ:LULU) by 11.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,630 shares of the apparel retailer’s stock after purchasing an additional 767 shares during the period. Pacer Advisors Inc.’s holdings in Lululemon Athletica were worth $1,375,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Jennison Associates LLC boosted its stake in Lululemon Athletica by 144.2% during the first quarter. Jennison Associates LLC now owns 6,321,172 shares of the apparel retailer’s stock valued at $1,035,850,000 after buying an additional 3,732,291 shares during the period. BlackRock Inc. increased its holdings in shares of Lululemon Athletica by 6.3% in the first quarter. BlackRock Inc. now owns 5,896,520 shares of the apparel retailer’s stock worth $966,262,000 after buying an additional 350,808 shares during the period. TimesSquare Capital Management LLC purchased a new position in shares of Lululemon Athletica in the second quarter worth about $41,863,000. Waratah Capital Advisors Ltd. purchased a new position in shares of Lululemon Athletica in the second quarter worth about $26,278,000. Finally, Axiom International Investors LLC DE increased its holdings in shares of Lululemon Athletica by 1,137.7% in the second quarter. Axiom International Investors LLC DE now owns 150,510 shares of the apparel retailer’s stock worth $27,123,000 after buying an additional 138,350 shares during the period. 81.22% of the stock is owned by institutional investors and hedge funds.

In other Lululemon Athletica news, Director Dennis J. Wilson sold 164,061 shares of Lululemon Athletica stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $182.89, for a total value of $30,005,116.29. Following the completion of the transaction, the director now owns 3,852 shares of the company’s stock, valued at $704,492.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dennis J. Wilson sold 110,629 shares of Lululemon Athletica stock in a transaction on Monday, August 26th. The shares were sold at an average price of $182.87, for a total transaction of $20,230,725.23. Following the completion of the transaction, the director now directly owns 3,852 shares of the company’s stock, valued at approximately $704,415.24. The disclosure for this sale can be found here. Insiders sold 425,032 shares of company stock valued at $80,229,658 in the last ninety days. 0.34% of the stock is owned by corporate insiders.

Shares of Lululemon Athletica stock traded down $0.02 during trading on Friday, hitting $198.71. 41,856 shares of the company’s stock were exchanged, compared to its average volume of 2,179,779. 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 business has a 50-day simple moving average of $184.73 and a 200-day simple moving average of $173.28. Lululemon Athletica inc. has a 52-week low of $110.71 and a 52-week high of $204.44. The stock has a market capitalization of $25.18 billion, a price-to-earnings ratio of 51.65, a PEG ratio of 2.25 and a beta of 0.65.

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

Several research firms have recently commented on LULU. Wedbush lifted their price objective on Lululemon Athletica from $175.00 to $190.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. They noted that the move was a valuation call. Canaccord Genuity boosted their price target on Lululemon Athletica from $191.00 to $194.00 and gave the company a “buy” rating in a report on Thursday, June 13th. Argus boosted their price target on Lululemon Athletica to $200.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Zacks Investment Research upgraded Lululemon Athletica from a “hold” rating to a “buy” rating and set a $213.00 price target on the stock in a report on Monday. Finally, KeyCorp restated a “hold” rating on shares of Lululemon Athletica in a report on Friday, September 6th. Eleven research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $204.64.

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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