Bedell Frazier Investment Counseling LLC increased its position in Lululemon Athletica (NASDAQ:LULU) by 64.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 113,215 shares of the apparel retailer’s stock after buying an additional 44,370 shares during the quarter. Lululemon Athletica comprises about 3.6% of Bedell Frazier Investment Counseling LLC’s investment portfolio, making the stock its 7th biggest position. Bedell Frazier Investment Counseling LLC owned 0.08% of Lululemon Athletica worth $10,090,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. First Republic Investment Management Inc. increased its holdings in Lululemon Athletica by 17.7% in the 1st quarter. First Republic Investment Management Inc. now owns 3,665 shares of the apparel retailer’s stock valued at $326,000 after purchasing an additional 550 shares in the last quarter. Toronto Dominion Bank grew its stake in shares of Lululemon Athletica by 16.2% during the first quarter. Toronto Dominion Bank now owns 6,951 shares of the apparel retailer’s stock valued at $619,000 after acquiring an additional 967 shares in the last quarter. Chicago Capital LLC acquired a new stake in shares of Lululemon Athletica during the first quarter valued at about $15,571,000. Candriam Luxembourg S.C.A. grew its stake in shares of Lululemon Athletica by 130.7% during the first quarter. Candriam Luxembourg S.C.A. now owns 115,079 shares of the apparel retailer’s stock valued at $10,256,000 after acquiring an additional 65,202 shares in the last quarter. Finally, Federated Investors Inc. PA acquired a new stake in shares of Lululemon Athletica during the first quarter valued at about $3,233,000. 82.12% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently weighed in on the company. SunTrust Banks raised their target price on Lululemon Athletica from $47.00 to $114.00 and gave the company a “buy” rating in a research note on Monday. They noted that the move was a valuation call. Stifel Nicolaus raised their target price on Lululemon Athletica from $81.00 to $97.00 and gave the company a “hold” rating in a research note on Tuesday. ValuEngine upgraded Lululemon Athletica from a “hold” rating to a “buy” rating in a research note on Monday, May 14th. BidaskClub upgraded Lululemon Athletica from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 27th. Finally, Wedbush assumed coverage on Lululemon Athletica in a research note on Thursday, May 10th. They set a “neutral” rating and a $90.00 target price for the company. They noted that the move was a valuation call. Seventeen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $84.58.
Shares of NASDAQ LULU opened at $106.41 on Friday. Lululemon Athletica has a 52-week low of $47.26 and a 52-week high of $106.68. The stock has a market capitalization of $13.94 billion, a price-to-earnings ratio of 41.08, a price-to-earnings-growth ratio of 2.53 and a beta of 0.14.
Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Tuesday, March 27th. The apparel retailer reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.06. The firm had revenue of $929.00 million for the quarter, compared to analysts’ expectations of $912.41 million. Lululemon Athletica had a net margin of 9.76% and a return on equity of 24.59%. Lululemon Athletica’s revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the company posted $1.00 earnings per share. equities analysts expect that Lululemon Athletica will post 3.09 EPS for the current fiscal year.
Lululemon Athletica Profile
lululemon athletica inc., an athletic apparel company, 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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