lululemon athletica inc. (LULU) Stake Boosted by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board grew its holdings in lululemon athletica inc. (NASDAQ:LULU) by 304.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 82,510 shares of the apparel retailer’s stock after purchasing an additional 62,100 shares during the period. Canada Pension Plan Investment Board owned approximately 0.06% of lululemon athletica inc. worth $5,136,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Korea Investment CORP lifted its stake in shares of lululemon athletica inc. by 12.5% in the 3rd quarter. Korea Investment CORP now owns 410,800 shares of the apparel retailer’s stock valued at $25,572,000 after purchasing an additional 45,600 shares during the last quarter. Crystal Rock Capital Management acquired a new position in shares of lululemon athletica inc. in the 2nd quarter valued at $2,418,000. Dimensional Fund Advisors LP lifted its stake in shares of lululemon athletica inc. by 10.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 314,404 shares of the apparel retailer’s stock valued at $18,760,000 after purchasing an additional 29,880 shares during the last quarter. Exane Derivatives acquired a new position in shares of lululemon athletica inc. in the 2nd quarter valued at $106,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in lululemon athletica inc. by 27.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,153 shares of the apparel retailer’s stock worth $1,859,000 after acquiring an additional 6,624 shares in the last quarter. 81.14% of the stock is currently owned by institutional investors and hedge funds.

lululemon athletica inc. (NASDAQ LULU) opened at $64.93 on Wednesday. lululemon athletica inc. has a one year low of $47.26 and a one year high of $72.70. The firm has a market capitalization of $8,745.61, a P/E ratio of 29.63, a P/E/G ratio of 2.24 and a beta of 0.15.

lululemon athletica inc. (NASDAQ:LULU) last released its quarterly earnings data on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share for the quarter, beating the 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 firm had revenue of $581.10 million during the quarter, compared to the consensus estimate of $567.40 million. During the same period last year, the business posted $0.38 EPS. lululemon athletica inc.’s quarterly revenue was up 12.9% on a year-over-year basis. analysts predict that lululemon athletica inc. will post 2.43 EPS for the current year.

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Several research firms recently issued reports on LULU. Zacks Investment Research lowered lululemon athletica inc. from a “buy” rating to a “hold” rating in a research note on Tuesday. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $68.00 target price on shares of lululemon athletica inc. in a research note on Tuesday, October 10th. BMO Capital Markets set a $55.00 target price on lululemon athletica inc. and gave the stock a “hold” rating in a research note on Tuesday, August 8th. Robert W. Baird reissued a “buy” rating and set a $72.00 target price on shares of lululemon athletica inc. in a research note on Wednesday, October 4th. Finally, Stifel Nicolaus lowered lululemon athletica inc. from a “buy” rating to a “hold” rating and increased their target price for the stock from $60.00 to $66.00 in a research note on Tuesday, July 25th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $65.67.

lululemon athletica inc. 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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