M&T Bank Corp Increases Position in Lululemon Athletica inc. (NASDAQ:LULU)

M&T Bank Corp raised its position in Lululemon Athletica inc. (NASDAQ:LULU) by 31.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,548 shares of the apparel retailer’s stock after purchasing an additional 12,303 shares during the period. M&T Bank Corp’s holdings in Lululemon Athletica were worth $16,083,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. WCM Investment Management LLC boosted its holdings in shares of Lululemon Athletica by 102.9% in the 1st quarter. WCM Investment Management LLC now owns 6,685,064 shares of the apparel retailer’s stock valued at $1,267,154,000 after buying an additional 3,389,604 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Lululemon Athletica by 100.4% in the 1st quarter. Janus Henderson Group PLC now owns 1,231,289 shares of the apparel retailer’s stock valued at $233,389,000 after buying an additional 617,015 shares in the last quarter. 1832 Asset Management L.P. boosted its holdings in shares of Lululemon Athletica by 63.7% in the 1st quarter. 1832 Asset Management L.P. now owns 781,947 shares of the apparel retailer’s stock valued at $150,529,000 after buying an additional 304,400 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Lululemon Athletica by 55.8% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 739,066 shares of the apparel retailer’s stock valued at $140,090,000 after buying an additional 264,672 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its holdings in shares of Lululemon Athletica by 41.1% in the 1st quarter. William Blair Investment Management LLC now owns 851,079 shares of the apparel retailer’s stock valued at $161,322,000 after buying an additional 247,739 shares in the last quarter. 83.06% of the stock is currently owned by institutional investors.

In other Lululemon Athletica news, EVP Celeste Burgoyne sold 4,723 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $304.52, for a total transaction of $1,438,247.96. Following the sale, the executive vice president now directly owns 6,780 shares of the company’s stock, valued at approximately $2,064,645.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michelle Sun Choe sold 4,744 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $312.15, for a total transaction of $1,480,839.60. Following the sale, the insider now directly owns 10,370 shares in the company, valued at $3,236,995.50. The disclosure for this sale can be found here. Insiders have sold a total of 9,835 shares of company stock worth $3,034,021 over the last ninety days. 0.32% of the stock is owned by corporate insiders.

A number of analysts recently weighed in on the stock. Argus increased their price target on shares of Lululemon Athletica from $270.00 to $360.00 in a research note on Monday, June 15th. BMO Capital Markets reiterated a “hold” rating and set a $192.00 price target on shares of Lululemon Athletica in a research note on Tuesday, June 30th. Credit Suisse Group increased their price target on shares of Lululemon Athletica from $215.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, June 12th. Wells Fargo & Co cut shares of Lululemon Athletica to a “hold” rating and set a $275.00 price target for the company. in a research note on Monday, June 8th. Finally, BidaskClub cut shares of Lululemon Athletica from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 9th. Twelve analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Lululemon Athletica currently has an average rating of “Buy” and an average price target of $306.84.

NASDAQ:LULU opened at $325.59 on Friday. The company has a current ratio of 2.68, a quick ratio of 1.69 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average price of $309.09 and a two-hundred day moving average price of $251.74. Lululemon Athletica inc. has a twelve month low of $128.85 and a twelve month high of $337.57. The company has a market capitalization of $42.14 billion, a P/E ratio of 73.66, a price-to-earnings-growth ratio of 4.04 and a beta of 1.08.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, June 11th. The apparel retailer reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). Lululemon Athletica had a net margin of 15.01% and a return on equity of 33.27%. The business had revenue of $651.96 million for the quarter, compared to analysts’ expectations of $695.98 million. During the same quarter last year, the business posted $0.74 earnings per share. The business’s revenue was down 16.7% compared to the same quarter last year. On average, equities research analysts predict that Lululemon Athletica inc. will post 4.37 earnings per share for the current year.

Lululemon Athletica Company Profile

lululemon athletica inc., 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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