First Citizens Bank & Trust Co. Purchases 335 Shares of Lululemon Athletica inc. (NASDAQ:LULU)

First Citizens Bank & Trust Co. increased its position in Lululemon Athletica inc. (NASDAQ:LULU) by 3.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,604 shares of the apparel retailer’s stock after purchasing an additional 335 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Lululemon Athletica were worth $2,042,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of LULU. NEXT Financial Group Inc raised its holdings in shares of Lululemon Athletica by 223.1% in the third quarter. NEXT Financial Group Inc now owns 1,302 shares of the apparel retailer’s stock valued at $251,000 after buying an additional 899 shares during the last quarter. Wedbush Securities Inc. raised its holdings in shares of Lululemon Athletica by 0.5% in the third quarter. Wedbush Securities Inc. now owns 21,628 shares of the apparel retailer’s stock valued at $4,164,000 after buying an additional 111 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Lululemon Athletica by 2,409.6% in the third quarter. Nisa Investment Advisors LLC now owns 10,415 shares of the apparel retailer’s stock valued at $2,005,000 after buying an additional 10,000 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its holdings in shares of Lululemon Athletica by 35.0% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 28,158 shares of the apparel retailer’s stock valued at $5,421,000 after buying an additional 7,294 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in shares of Lululemon Athletica by 18.3% in the third quarter. Meeder Asset Management Inc. now owns 16,306 shares of the apparel retailer’s stock valued at $3,139,000 after buying an additional 2,517 shares during the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Dennis J. Wilson sold 110,629 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $182.87, for a total transaction of $20,230,725.23. Following the completion of the transaction, the director now directly owns 3,852 shares in the company, valued at approximately $704,415.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dennis J. Wilson sold 99,133 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $201.79, for a total value of $20,004,048.07. Following the transaction, the director now owns 3,852 shares of the company’s stock, valued at $777,295.08. The disclosure for this sale can be found here. Insiders have sold a total of 420,548 shares of company stock valued at $79,395,186 over the last 90 days. Corporate insiders own 0.34% of the company’s stock.

Lululemon Athletica stock opened at $207.11 on Friday. The firm has a market capitalization of $26.70 billion, a P/E ratio of 47.67, a PEG ratio of 2.38 and a beta of 0.66. Lululemon Athletica inc. has a 1 year low of $110.71 and a 1 year high of $209.02. The business has a 50-day moving average of $193.67 and a 200-day moving average of $181.75. The company has a current ratio of 2.41, a quick ratio of 1.52 and a debt-to-equity ratio of 0.38.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, September 5th. The apparel retailer reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.07. The company had revenue of $883.35 million during the quarter, compared to analyst estimates of $845.03 million. Lululemon Athletica had a return on equity of 39.54% and a net margin of 14.93%. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 EPS. Research analysts anticipate that Lululemon Athletica inc. will post 4.74 EPS for the current fiscal year.

A number of research firms recently issued reports on LULU. KeyCorp reaffirmed a “hold” rating on shares of Lululemon Athletica in a report on Friday, September 6th. ValuEngine cut Lululemon Athletica from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. BidaskClub raised Lululemon Athletica from a “hold” rating to a “buy” rating in a report on Saturday, August 24th. Guggenheim reaffirmed a “buy” rating and issued a $220.00 price target on shares of Lululemon Athletica in a report on Thursday, September 5th. Finally, Citigroup reaffirmed a “buy” rating on shares of Lululemon Athletica in a report on Friday, September 6th. Twelve analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $206.71.

About Lululemon Athletica

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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