Comerica Bank Purchases 2,144 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Comerica Bank raised its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULUGet Rating) by 17.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 14,602 shares of the apparel retailer’s stock after purchasing an additional 2,144 shares during the period. Comerica Bank’s holdings in Lululemon Athletica were worth $4,347,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. OLD National Bancorp IN raised its position in shares of Lululemon Athletica by 39.4% in the 2nd quarter. OLD National Bancorp IN now owns 3,896 shares of the apparel retailer’s stock worth $1,062,000 after acquiring an additional 1,101 shares in the last quarter. Bridgewater Associates LP boosted its holdings in shares of Lululemon Athletica by 27.4% in the 2nd quarter. Bridgewater Associates LP now owns 65,303 shares of the apparel retailer’s stock valued at $17,802,000 after buying an additional 14,025 shares in the last quarter. Achmea Investment Management B.V. grew its position in shares of Lululemon Athletica by 2.8% in the 3rd quarter. Achmea Investment Management B.V. now owns 8,420 shares of the apparel retailer’s stock worth $2,354,000 after buying an additional 228 shares during the last quarter. Chartwell Investment Partners LLC raised its stake in shares of Lululemon Athletica by 141.4% during the 2nd quarter. Chartwell Investment Partners LLC now owns 12,882 shares of the apparel retailer’s stock worth $3,512,000 after acquiring an additional 7,546 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Lululemon Athletica by 0.6% during the second quarter. Envestnet Asset Management Inc. now owns 242,738 shares of the apparel retailer’s stock valued at $66,173,000 after acquiring an additional 1,501 shares during the last quarter. 82.04% of the stock is currently owned by institutional investors.

Lululemon Athletica Trading Up 0.2 %

NASDAQ LULU opened at $315.47 on Friday. The stock has a market capitalization of $40.23 billion, a price-to-earnings ratio of 34.67, a PEG ratio of 1.59 and a beta of 1.35. The stock has a 50-day moving average of $337.74 and a 200 day moving average of $318.45. Lululemon Athletica Inc. has a twelve month low of $251.51 and a twelve month high of $410.70.

Lululemon Athletica (NASDAQ:LULUGet Rating) last posted its quarterly earnings data on Thursday, December 8th. The apparel retailer reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.04. Lululemon Athletica had a return on equity of 41.13% and a net margin of 15.66%. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the previous year, the business earned $1.62 earnings per share. The business’s revenue was up 28.0% compared to the same quarter last year. Equities analysts predict that Lululemon Athletica Inc. will post 9.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LULU has been the topic of several analyst reports. Stifel Nicolaus lifted their price target on shares of Lululemon Athletica from $400.00 to $450.00 in a report on Monday, December 5th. Raymond James upped their target price on Lululemon Athletica from $345.00 to $438.00 and gave the company a “strong-buy” rating in a research report on Tuesday, December 6th. The Goldman Sachs Group raised their price target on Lululemon Athletica from $383.00 to $431.00 and gave the stock a “buy” rating in a report on Friday, December 9th. Barclays cut their price objective on shares of Lululemon Athletica from $445.00 to $394.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Robert W. Baird lifted their target price on shares of Lululemon Athletica from $430.00 to $435.00 and gave the stock an “outperform” rating in a research note on Friday, December 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and a consensus price target of $404.46.

About Lululemon Athletica

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Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women and men. It operates in 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.

See Also

Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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