Stifel Financial Corp Has $1.12 Million Holdings in Lululemon Athletica inc. (LULU)

Stifel Financial Corp trimmed its position in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 44.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,589 shares of the apparel retailer’s stock after selling 10,106 shares during the quarter. Stifel Financial Corp’s holdings in Lululemon Athletica were worth $1,123,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Lululemon Athletica by 2.7% during the first quarter. BlackRock Inc. now owns 5,055,938 shares of the apparel retailer’s stock worth $450,584,000 after purchasing an additional 135,308 shares in the last quarter. ArrowMark Colorado Holdings LLC boosted its position in shares of Lululemon Athletica by 4.8% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,004,622 shares of the apparel retailer’s stock worth $78,953,000 after purchasing an additional 45,572 shares in the last quarter. Geode Capital Management LLC lifted its position in Lululemon Athletica by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 976,136 shares of the apparel retailer’s stock valued at $76,672,000 after acquiring an additional 6,483 shares in the last quarter. Millennium Management LLC lifted its position in Lululemon Athletica by 340.6% in the 4th quarter. Millennium Management LLC now owns 855,796 shares of the apparel retailer’s stock valued at $67,257,000 after acquiring an additional 661,547 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its position in Lululemon Athletica by 129.5% in the 1st quarter. Neuberger Berman Group LLC now owns 756,063 shares of the apparel retailer’s stock valued at $67,380,000 after acquiring an additional 426,629 shares in the last quarter. 81.85% of the stock is currently owned by institutional investors.

In related news, major shareholder International Corp/Ma Advent sold 10,000,000 shares of the company’s stock in a transaction dated Thursday, June 7th. The shares were sold at an average price of $121.00, for a total value of $1,210,000,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David M. Mussafer sold 17,935 shares of the company’s stock in a transaction dated Thursday, June 7th. The shares were sold at an average price of $121.00, for a total transaction of $2,170,135.00. Following the completion of the transaction, the director now owns 18,202 shares in the company, valued at approximately $2,202,442. The disclosure for this sale can be found here. 0.32% of the stock is owned by insiders.

Several research firms recently commented on LULU. Susquehanna Bancshares boosted their price objective on shares of Lululemon Athletica from $97.00 to $121.00 and gave the company a “positive” rating in a research report on Friday, June 1st. Nomura boosted their price objective on shares of Lululemon Athletica from $90.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, June 1st. JPMorgan Chase & Co. boosted their price objective on shares of Lululemon Athletica from $92.00 to $95.00 and gave the company an “overweight” rating in a research report on Wednesday, March 28th. Bank of America reaffirmed a “buy” rating and issued a $117.00 price objective (up from $106.00) on shares of Lululemon Athletica in a research report on Thursday, May 31st. Finally, Guggenheim reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Lululemon Athletica in a research report on Wednesday, March 28th. Fifteen investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $104.11.

Lululemon Athletica stock opened at $124.94 on Friday. The stock has a market cap of $16.81 billion, a PE ratio of 48.24, a PEG ratio of 2.87 and a beta of 0.15. Lululemon Athletica inc. has a fifty-two week low of $56.56 and a fifty-two week high of $129.79.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Tuesday, March 27th. The apparel retailer reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.06. The company had revenue of $929.00 million for the quarter, compared to analyst estimates of $912.41 million. Lululemon Athletica had a net margin of 10.89% and a return on equity of 25.46%. Lululemon Athletica’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.00 EPS. research analysts predict that Lululemon Athletica inc. will post 3.21 earnings per share for the current fiscal year.

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

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