Lululemon Athletica inc. (LULU) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its holdings in Lululemon Athletica inc. (NASDAQ:LULU) by 2.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 253,376 shares of the apparel retailer’s stock after selling 6,577 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Lululemon Athletica were worth $31,634,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. BlackRock Inc. lifted its stake in Lululemon Athletica by 2.7% in the 1st quarter. BlackRock Inc. now owns 5,055,938 shares of the apparel retailer’s stock worth $450,584,000 after acquiring an additional 135,308 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Lululemon Athletica by 91.0% in the 2nd quarter. Wells Fargo & Company MN now owns 1,000,498 shares of the apparel retailer’s stock worth $124,912,000 after acquiring an additional 476,803 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in Lululemon Athletica by 10,743.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 858,676 shares of the apparel retailer’s stock worth $107,206,000 after acquiring an additional 850,757 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Lululemon Athletica by 26.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 768,720 shares of the apparel retailer’s stock worth $95,975,000 after acquiring an additional 160,971 shares in the last quarter. Finally, Lord Abbett & CO. LLC lifted its stake in Lululemon Athletica by 24.0% in the 1st quarter. Lord Abbett & CO. LLC now owns 758,404 shares of the apparel retailer’s stock worth $67,589,000 after acquiring an additional 146,774 shares in the last quarter. 82.46% of the stock is owned by hedge funds and other institutional investors.

Shares of Lululemon Athletica opened at $130.52 on Friday, Marketbeat reports. Lululemon Athletica inc. has a twelve month low of $56.56 and a twelve month high of $130.76. The company has a market capitalization of $17.39 billion, a P/E ratio of 45.29, a P/E/G ratio of 2.53 and a beta of -0.03.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, May 31st. The apparel retailer reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.09. Lululemon Athletica had a return on equity of 25.46% and a net margin of 10.89%. The business had revenue of $649.70 million for the quarter, compared to the consensus estimate of $616.69 million. During the same period last year, the business earned $0.32 EPS. The firm’s revenue was up 24.9% compared to the same quarter last year. research analysts predict that Lululemon Athletica inc. will post 3.22 earnings per share for the current fiscal year.

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

Several equities research analysts recently issued reports on the company. Zacks Investment Research downgraded Lululemon Athletica from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. ValuEngine downgraded Lululemon Athletica from a “buy” rating to a “hold” rating in a research note on Saturday, July 28th. BidaskClub downgraded Lululemon Athletica from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 25th. Citigroup raised their price target on Lululemon Athletica from $112.00 to $127.00 and gave the stock a “neutral” rating in a research note on Thursday, July 12th. Finally, Oppenheimer raised their price target on Lululemon Athletica from $125.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, July 9th. Eighteen research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Lululemon Athletica has a consensus rating of “Buy” and a consensus target price of $107.50.

About Lululemon Athletica

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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