Harvest Fund Management Co. Ltd Has $546,000 Stake in Lululemon Athletica inc. (LULU)

Harvest Fund Management Co. Ltd grew its holdings in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 906.6% in the 3rd quarter, Holdings Channel reports. The firm owned 3,362 shares of the apparel retailer’s stock after purchasing an additional 3,028 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Lululemon Athletica were worth $546,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LULU. Laurion Capital Management LP lifted its holdings in shares of Lululemon Athletica by 6,457.1% during the 2nd quarter. Laurion Capital Management LP now owns 1,606,478 shares of the apparel retailer’s stock valued at $200,569,000 after purchasing an additional 1,581,978 shares during the last quarter. Artisan Partners Limited Partnership purchased a new stake in shares of Lululemon Athletica during the 2nd quarter valued at $130,068,000. BlackRock Inc. lifted its holdings in shares of Lululemon Athletica by 19.3% during the 2nd quarter. BlackRock Inc. now owns 6,030,449 shares of the apparel retailer’s stock valued at $752,900,000 after purchasing an additional 974,511 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Lululemon Athletica by 10,743.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 858,676 shares of the apparel retailer’s stock valued at $107,206,000 after purchasing an additional 850,757 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Lululemon Athletica by 91.0% during the 2nd quarter. Wells Fargo & Company MN now owns 1,000,498 shares of the apparel retailer’s stock valued at $124,912,000 after purchasing an additional 476,803 shares during the last quarter. Hedge funds and other institutional investors own 79.30% of the company’s stock.

Several analysts have recently commented on the company. Wedbush increased their price objective on Lululemon Athletica from $110.00 to $176.00 and gave the company a “neutral” rating in a report on Tuesday, October 2nd. B. Riley reiterated a “neutral” rating and set a $155.00 price objective (up previously from $141.00) on shares of Lululemon Athletica in a report on Tuesday, October 2nd. Royal Bank of Canada increased their price objective on Lululemon Athletica from $160.00 to $185.00 and gave the company an “outperform” rating in a report on Tuesday, October 2nd. They noted that the move was a valuation call. Cowen set a $185.00 price objective on Lululemon Athletica and gave the company an “outperform” rating in a report on Tuesday, October 2nd. Finally, MKM Partners set a $174.00 target price on Lululemon Athletica and gave the stock a “buy” rating in a research note on Tuesday, October 2nd. Thirteen analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $154.36.

Shares of LULU opened at $142.13 on Wednesday. The stock has a market cap of $17.85 billion, a price-to-earnings ratio of 43.14, a P/E/G ratio of 1.97 and a beta of 0.10. Lululemon Athletica inc. has a fifty-two week low of $59.93 and a fifty-two week high of $164.79.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, August 30th. The apparel retailer reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.22. The company had revenue of $723.50 million for the quarter, compared to the consensus estimate of $669.14 million. Lululemon Athletica had a return on equity of 28.67% and a net margin of 11.97%. During the same period last year, the firm earned $0.39 EPS. Equities analysts anticipate that Lululemon Athletica inc. will post 3.58 earnings per share 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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Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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