Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd lessened its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 37.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 720 shares of the apparel retailer’s stock after selling 429 shares during the period. Gulf International Bank UK Ltd’s holdings in Lululemon Athletica were worth $215,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Lululemon Athletica by 1.6% in the first quarter. Vanguard Group Inc. now owns 9,847,954 shares of the apparel retailer’s stock valued at $3,847,103,000 after buying an additional 154,985 shares during the last quarter. Capital World Investors increased its position in Lululemon Athletica by 0.9% during the fourth quarter. Capital World Investors now owns 1,547,793 shares of the apparel retailer’s stock worth $791,371,000 after purchasing an additional 14,112 shares during the last quarter. Bank of New York Mellon Corp increased its position in Lululemon Athletica by 1.7% during the first quarter. Bank of New York Mellon Corp now owns 1,139,812 shares of the apparel retailer’s stock worth $445,268,000 after purchasing an additional 18,924 shares during the last quarter. Northern Trust Corp increased its position in Lululemon Athletica by 32.7% during the fourth quarter. Northern Trust Corp now owns 1,046,011 shares of the apparel retailer’s stock worth $534,815,000 after purchasing an additional 257,944 shares during the last quarter. Finally, Brown Advisory Inc. increased its position in Lululemon Athletica by 3.8% during the fourth quarter. Brown Advisory Inc. now owns 846,810 shares of the apparel retailer’s stock worth $432,965,000 after purchasing an additional 31,232 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Trading Down 1.5 %

NASDAQ LULU traded down $3.46 during trading hours on Wednesday, reaching $233.44. 1,541,077 shares of the company traded hands, compared to its average volume of 2,105,712. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $516.39. The stock has a market capitalization of $29.18 billion, a PE ratio of 18.72, a PEG ratio of 1.25 and a beta of 1.26. The company has a 50 day moving average of $291.75 and a two-hundred day moving average of $365.19.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Wednesday, June 5th. The apparel retailer reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.16. Lululemon Athletica had a net margin of 16.09% and a return on equity of 42.64%. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the prior year, the firm posted $2.28 EPS. The firm’s revenue was up 10.4% compared to the same quarter last year. On average, equities research analysts anticipate that Lululemon Athletica Inc. will post 14.22 earnings per share for the current year.

Lululemon Athletica declared that its board has initiated a share buyback program on Wednesday, June 5th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the apparel retailer to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on LULU shares. HSBC raised shares of Lululemon Athletica from a “hold” rating to a “buy” rating and upped their price target for the stock from $405.00 to $425.00 in a research report on Thursday, June 6th. TD Securities dropped their price target on shares of Lululemon Athletica from $515.00 to $437.00 and set a “buy” rating for the company in a research report on Wednesday, May 29th. Barclays dropped their price target on shares of Lululemon Athletica from $338.00 to $263.00 and set an “equal weight” rating for the company in a research report on Wednesday. Evercore ISI dropped their price objective on shares of Lululemon Athletica from $400.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Finally, Morgan Stanley dropped their price objective on shares of Lululemon Athletica from $490.00 to $404.00 and set an “overweight” rating for the company in a research report on Wednesday, May 29th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $404.26.

Lululemon Athletica Profile

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.