lululemon athletica inc. (LULU) Stake Lessened by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its position in lululemon athletica inc. (NASDAQ:LULU) by 62.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 443,700 shares of the apparel retailer’s stock after selling 753,400 shares during the quarter. Renaissance Technologies LLC owned approximately 0.32% of lululemon athletica inc. worth $26,476,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LULU. BlackRock Inc. grew its stake in shares of lululemon athletica inc. by 4,791.0% in the 1st quarter. BlackRock Inc. now owns 5,145,308 shares of the apparel retailer’s stock worth $266,888,000 after acquiring an additional 5,040,109 shares in the last quarter. Eaton Vance Management bought a new stake in shares of lululemon athletica inc. in the 2nd quarter worth $126,967,000. Lazard Asset Management LLC bought a new stake in shares of lululemon athletica inc. in the 2nd quarter worth $94,181,000. Janus Capital Management LLC grew its stake in shares of lululemon athletica inc. by 163.9% in the 1st quarter. Janus Capital Management LLC now owns 1,768,004 shares of the apparel retailer’s stock worth $91,706,000 after acquiring an additional 1,098,057 shares in the last quarter. Finally, HS Management Partners LLC grew its stake in shares of lululemon athletica inc. by 36.4% in the 2nd quarter. HS Management Partners LLC now owns 2,775,486 shares of the apparel retailer’s stock worth $165,613,000 after acquiring an additional 741,200 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

lululemon athletica inc. (LULU) opened at 61.30 on Monday. The company has a market cap of $8.30 billion, a PE ratio of 29.58 and a beta of 0.20. The stock has a 50 day moving average of $60.28 and a 200 day moving average of $56.67. lululemon athletica inc. has a one year low of $47.26 and a one year high of $72.70.

lululemon athletica inc. (NASDAQ:LULU) last released its quarterly earnings results on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.04. lululemon athletica inc. had a return on equity of 22.51% and a net margin of 11.68%. The company had revenue of $581.10 million for the quarter, compared to analyst estimates of $567.40 million. During the same quarter in the prior year, the firm posted $0.38 EPS. lululemon athletica inc.’s quarterly revenue was up 12.9% compared to the same quarter last year. On average, analysts anticipate that lululemon athletica inc. will post $2.41 earnings per share for the current fiscal year.

Several analysts have recently issued reports on LULU shares. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $58.00 target price on shares of lululemon athletica inc. in a research note on Wednesday, June 14th. Vetr lowered shares of lululemon athletica inc. from a “strong-buy” rating to a “buy” rating and set a $58.10 target price for the company. in a research note on Monday, June 19th. Cowen and Company reiterated an “outperform” rating and issued a $64.00 target price on shares of lululemon athletica inc. in a research note on Wednesday, June 21st. BidaskClub upgraded shares of lululemon athletica inc. from a “sell” rating to a “hold” rating in a research note on Saturday, June 24th. Finally, BMO Capital Markets set a $55.00 target price on shares of lululemon athletica inc. and gave the stock a “hold” rating in a research note on Thursday, July 6th. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. lululemon athletica inc. currently has an average rating of “Hold” and a consensus price target of $65.76.

COPYRIGHT VIOLATION WARNING: This story was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://ledgergazette.com/2017/10/09/lululemon-athletica-inc-lulu-stake-lessened

Several other hedge funds and other institutional investors have also recently bought and sold shares of LULU. BlackRock Inc. grew its stake in shares of lululemon athletica inc. by 4,791.0% in the 1st quarter. BlackRock Inc. now owns 5,145,308 shares of the apparel retailer’s stock worth $266,888,000 after acquiring an additional 5,040,109 shares in the last quarter. Eaton Vance Management bought a new stake in shares of lululemon athletica inc. in the 2nd quarter worth $126,967,000. Lazard Asset Management LLC bought a new stake in shares of lululemon athletica inc. in the 2nd quarter worth $94,181,000. Janus Capital Management LLC grew its stake in shares of lululemon athletica inc. by 163.9% in the 1st quarter. Janus Capital Management LLC now owns 1,768,004 shares of the apparel retailer’s stock worth $91,706,000 after acquiring an additional 1,098,057 shares in the last quarter. Finally, HS Management Partners LLC grew its stake in shares of lululemon athletica inc. by 36.4% in the 2nd quarter. HS Management Partners LLC now owns 2,775,486 shares of the apparel retailer’s stock worth $165,613,000 after acquiring an additional 741,200 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

lululemon athletica inc. (LULU) opened at 61.30 on Monday. The company has a market cap of $8.30 billion, a PE ratio of 29.58 and a beta of 0.20. The stock has a 50 day moving average of $60.28 and a 200 day moving average of $56.67. lululemon athletica inc. has a one year low of $47.26 and a one year high of $72.70.

lululemon athletica inc. (NASDAQ:LULU) last released its quarterly earnings results on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.04. lululemon athletica inc. had a return on equity of 22.51% and a net margin of 11.68%. The company had revenue of $581.10 million for the quarter, compared to analyst estimates of $567.40 million. During the same quarter in the prior year, the firm posted $0.38 EPS. lululemon athletica inc.’s quarterly revenue was up 12.9% compared to the same quarter last year. On average, analysts anticipate that lululemon athletica inc. will post $2.41 earnings per share for the current fiscal year.

Several analysts have recently issued reports on LULU shares. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $58.00 target price on shares of lululemon athletica inc. in a research note on Wednesday, June 14th. Vetr lowered shares of lululemon athletica inc. from a “strong-buy” rating to a “buy” rating and set a $58.10 target price for the company. in a research note on Monday, June 19th. Cowen and Company reiterated an “outperform” rating and issued a $64.00 target price on shares of lululemon athletica inc. in a research note on Wednesday, June 21st. BidaskClub upgraded shares of lululemon athletica inc. from a “sell” rating to a “hold” rating in a research note on Saturday, June 24th. Finally, BMO Capital Markets set a $55.00 target price on shares of lululemon athletica inc. and gave the stock a “hold” rating in a research note on Thursday, July 6th. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. lululemon athletica inc. currently has an average rating of “Hold” and a consensus price target of $65.76.

COPYRIGHT VIOLATION WARNING: This story was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://ledgergazette.com/2017/10/09/lululemon-athletica-inc-lulu-stake-lessened-by-renaissance-technologies-llc.html.

lululemon athletica inc. Company Profile

lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements.

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Institutional Ownership by Quarter for lululemon athletica inc. (NASDAQ:LULU)

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