Picton Mahoney Asset Management Has $2.18 Million Stake in Lululemon Athletica inc. (LULU)

Picton Mahoney Asset Management decreased its position in Lululemon Athletica inc. (NASDAQ:LULU) by 4.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,400 shares of the apparel retailer’s stock after selling 600 shares during the period. Picton Mahoney Asset Management’s holdings in Lululemon Athletica were worth $2,177,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund boosted its holdings in shares of Lululemon Athletica by 1.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 35,662 shares of the apparel retailer’s stock valued at $5,795,000 after acquiring an additional 357 shares in the last quarter. ARP Americas LP boosted its holdings in shares of Lululemon Athletica by 3.4% in the second quarter. ARP Americas LP now owns 12,059 shares of the apparel retailer’s stock valued at $1,506,000 after acquiring an additional 400 shares in the last quarter. Mycio Wealth Partners LLC boosted its holdings in shares of Lululemon Athletica by 16.9% in the second quarter. Mycio Wealth Partners LLC now owns 3,460 shares of the apparel retailer’s stock valued at $432,000 after acquiring an additional 500 shares in the last quarter. Northwest Wealth Management LLC boosted its holdings in shares of Lululemon Athletica by 50.0% in the third quarter. Northwest Wealth Management LLC now owns 1,500 shares of the apparel retailer’s stock valued at $244,000 after acquiring an additional 500 shares in the last quarter. Finally, Zacks Investment Management boosted its holdings in shares of Lululemon Athletica by 4.4% in the second quarter. Zacks Investment Management now owns 13,803 shares of the apparel retailer’s stock valued at $1,723,000 after acquiring an additional 581 shares in the last quarter. 79.55% of the stock is currently owned by institutional investors and hedge funds.

LULU has been the topic of a number of research analyst reports. B. Riley reissued 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 boosted their price objective on shares of Lululemon Athletica from $160.00 to $185.00 and gave the stock an “outperform” rating in a report on Tuesday, October 2nd. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Lululemon Athletica from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. Bank of America boosted their price objective on shares of Lululemon Athletica from $150.00 to $172.00 and gave the stock a “buy” rating in a report on Friday, August 31st. Finally, CIBC boosted their price objective on shares of Lululemon Athletica from $180.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, September 27th. Thirteen research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $154.36.

Shares of NASDAQ LULU opened at $137.56 on Friday. Lululemon Athletica inc. has a 12-month low of $63.55 and a 12-month high of $164.79. The stock has a market capitalization of $18.96 billion, a price-to-earnings ratio of 45.47, a price-to-earnings-growth ratio of 2.08 and a beta of 0.38.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, August 30th. The apparel retailer reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.22. Lululemon Athletica had a net margin of 11.97% and a return on equity of 28.67%. The company had revenue of $723.50 million for the quarter, compared to the consensus estimate of $669.14 million. During the same quarter in the prior year, the firm earned $0.39 earnings per share. As a group, equities research analysts expect that Lululemon Athletica inc. will post 3.58 EPS for the current fiscal year.

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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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