lululemon athletica inc. (LULU) Shares Bought by Shell Asset Management Co.

Shell Asset Management Co. raised its holdings in lululemon athletica inc. (NASDAQ:LULU) by 184.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,917 shares of the apparel retailer’s stock after acquiring an additional 11,629 shares during the quarter. Shell Asset Management Co.’s holdings in lululemon athletica inc. were worth $753,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in LULU. IHT Wealth Management LLC grew its position in lululemon athletica inc. by 591.0% in the 2nd quarter. IHT Wealth Management LLC now owns 1,382 shares of the apparel retailer’s stock valued at $105,000 after acquiring an additional 1,182 shares during the last quarter. Exane Derivatives bought a new position in lululemon athletica inc. in the 2nd quarter valued at $106,000. Global X Management Co. LLC grew its position in 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 valued at $151,000 after acquiring an additional 719 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in lululemon athletica inc. by 40.0% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,500 shares of the apparel retailer’s stock valued at $182,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Suntrust Banks Inc. grew its position in lululemon athletica inc. by 5.9% in the 2nd quarter. Suntrust Banks Inc. now owns 4,239 shares of the apparel retailer’s stock valued at $252,000 after acquiring an additional 237 shares during the last quarter. 80.29% of the stock is currently owned by institutional investors.

lululemon athletica inc. (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.04. The firm had revenue of $581.10 million for the quarter, compared to analysts’ expectations of $567.40 million. lululemon athletica inc. had a return on equity of 22.51% and a net margin of 11.68%. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 EPS.

Several equities analysts have commented on the company. BMO Capital Markets reaffirmed a “hold” rating and issued a $55.00 price objective on shares of lululemon athletica inc. in a research report on Thursday. KeyCorp reaffirmed a “hold” rating on shares of lululemon athletica inc. in a research report on Friday, October 27th. Citigroup Inc. raised lululemon athletica inc. from a “neutral” rating to a “buy” rating and cut their price objective for the company from $61.50 to $60.09 in a research report on Friday, October 20th. Canaccord Genuity set a $43.00 price objective on lululemon athletica inc. and gave the company a “sell” rating in a research report on Monday, October 16th. Finally, SunTrust Banks, Inc. set a $69.00 price objective on lululemon athletica inc. and gave the company a “buy” rating in a research report on Monday, October 16th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $65.67.

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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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