Chicago Capital LLC Raises Position in lululemon athletica inc. (NASDAQ:LULU)

Chicago Capital LLC raised its position in lululemon athletica inc. (NASDAQ:LULU) by 29.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 5,303 shares of the apparel retailer’s stock after acquiring an additional 1,197 shares during the quarter. Chicago Capital LLC’s holdings in lululemon athletica were worth $1,501,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of LULU. Brighton Jones LLC acquired a new position in lululemon athletica in the 4th quarter valued at $429,000. Empowered Funds LLC lifted its stake in shares of lululemon athletica by 22.3% in the fourth quarter. Empowered Funds LLC now owns 2,123 shares of the apparel retailer’s stock worth $812,000 after buying an additional 387 shares in the last quarter. Principal Securities Inc. boosted its position in lululemon athletica by 26.4% during the fourth quarter. Principal Securities Inc. now owns 3,854 shares of the apparel retailer’s stock worth $1,474,000 after acquiring an additional 806 shares during the last quarter. Allworth Financial LP boosted its position in lululemon athletica by 113.4% during the fourth quarter. Allworth Financial LP now owns 715 shares of the apparel retailer’s stock worth $274,000 after acquiring an additional 380 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in lululemon athletica by 1.6% during the 4th quarter. Principal Financial Group Inc. now owns 254,217 shares of the apparel retailer’s stock valued at $97,215,000 after acquiring an additional 4,042 shares in the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Barclays decreased their target price on shares of lululemon athletica from $276.00 to $270.00 and set an “equal weight” rating on the stock in a research note on Monday, June 9th. CICC Research reaffirmed a “market perform” rating and issued a $280.49 target price on shares of lululemon athletica in a research note on Monday, June 9th. BTIG Research reduced their price target on lululemon athletica from $420.00 to $405.00 and set a “buy” rating on the stock in a report on Friday, June 6th. Robert W. Baird dropped their price objective on shares of lululemon athletica from $350.00 to $340.00 and set an “outperform” rating for the company in a report on Friday, June 6th. Finally, Wells Fargo & Company reiterated an “equal weight” rating on shares of lululemon athletica in a report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $340.26.

lululemon athletica Stock Down 2.5%

NASDAQ:LULU opened at $235.20 on Wednesday. lululemon athletica inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The company has a fifty day simple moving average of $283.86 and a two-hundred day simple moving average of $334.58. The company has a market cap of $28.19 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 2.22 and a beta of 1.26.

lululemon athletica (NASDAQ:LULU) last released its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, hitting the consensus estimate of $2.60. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%. The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the previous year, the firm posted $2.54 EPS. lululemon athletica’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, analysts expect that lululemon athletica inc. will post 14.36 EPS for the current year.

lululemon athletica Company 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.