lululemon athletica inc. (LULU) Holdings Cut by Pictet Asset Management Ltd.

Pictet Asset Management Ltd. lowered its stake in shares of lululemon athletica inc. (NASDAQ:LULU) by 26.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 288,421 shares of the apparel retailer’s stock after selling 103,672 shares during the quarter. Pictet Asset Management Ltd. owned approximately 0.23% of lululemon athletica inc. worth $17,954,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in LULU. Comerica Bank raised its stake in shares of lululemon athletica inc. by 1.0% in the 2nd quarter. Comerica Bank now owns 11,264 shares of the apparel retailer’s stock worth $699,000 after buying an additional 115 shares in the last quarter. Suntrust Banks Inc. grew its holdings in shares of lululemon athletica inc. by 5.9% in the 2nd quarter. Suntrust Banks Inc. now owns 4,239 shares of the apparel retailer’s stock worth $252,000 after acquiring an additional 237 shares during the last quarter. Bender Robert & Associates grew its holdings in shares of lululemon athletica inc. by 0.4% in the 2nd quarter. Bender Robert & Associates now owns 84,141 shares of the apparel retailer’s stock worth $5,021,000 after acquiring an additional 302 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of lululemon athletica inc. by 8.3% in the 1st quarter. HighTower Advisors LLC now owns 8,526 shares of the apparel retailer’s stock worth $441,000 after acquiring an additional 657 shares during the last quarter. Finally, Global X Management Co. LLC grew its holdings in shares of lululemon athletica inc. by 39.7% in the 2nd quarter. Global X Management Co. LLC now owns 2,532 shares of the apparel retailer’s stock worth $151,000 after acquiring an additional 719 shares during the last quarter. 81.14% of the stock is currently owned by hedge funds and other institutional investors.

LULU has been the topic of a number of research analyst reports. Needham & Company LLC assumed coverage on lululemon athletica inc. in a research report on Tuesday, July 18th. They issued a “buy” rating and a $67.00 price target for the company. Vetr cut lululemon athletica inc. from a “buy” rating to a “hold” rating and set a $63.40 price target for the company. in a research report on Wednesday, July 19th. Cowen and Company reissued an “outperform” rating and set a $67.00 price objective (up previously from $64.00) on shares of lululemon athletica inc. in a research report on Saturday, July 22nd. Stifel Nicolaus cut lululemon athletica inc. from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $60.00 to $66.00 in a research report on Tuesday, July 25th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut lululemon athletica inc. from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $65.67.

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lululemon athletica inc. (NASDAQ LULU) traded up $0.53 on Wednesday, hitting $65.46. 356,933 shares of the company were exchanged, compared to its average volume of 2,675,683. lululemon athletica inc. has a 12 month low of $47.26 and a 12 month high of $72.70. The firm has a market cap of $8,745.61, a price-to-earnings ratio of 29.63, a PEG ratio of 2.24 and a beta of 0.15.

lululemon athletica inc. (NASDAQ:LULU) last posted its earnings results on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.04. lululemon athletica inc. had a net margin of 11.68% and a return on equity of 22.51%. 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 business posted $0.38 EPS. The firm’s revenue was up 12.9% compared to the same quarter last year. equities research analysts expect that lululemon athletica inc. will post 2.43 EPS for the current year.

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.

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

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