TB Alternative Assets Ltd. Increases Position in Lululemon Athletica inc. (NASDAQ:LULU)

TB Alternative Assets Ltd. raised its position in Lululemon Athletica inc. (NASDAQ:LULU) by 41.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,700 shares of the apparel retailer’s stock after acquiring an additional 500 shares during the period. TB Alternative Assets Ltd.’s holdings in Lululemon Athletica were worth $560,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Chickasaw Capital Management LLC boosted its holdings in Lululemon Athletica by 0.7% in the 3rd quarter. Chickasaw Capital Management LLC now owns 4,105 shares of the apparel retailer’s stock valued at $1,352,000 after purchasing an additional 30 shares during the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of Lululemon Athletica by 2.8% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 1,195 shares of the apparel retailer’s stock worth $373,000 after acquiring an additional 32 shares during the last quarter. Gradient Capital Advisors LLC lifted its holdings in shares of Lululemon Athletica by 1.3% in the 2nd quarter. Gradient Capital Advisors LLC now owns 2,546 shares of the apparel retailer’s stock worth $794,000 after acquiring an additional 33 shares during the last quarter. Meridian Wealth Management LLC lifted its holdings in shares of Lululemon Athletica by 4.1% in the 3rd quarter. Meridian Wealth Management LLC now owns 854 shares of the apparel retailer’s stock worth $281,000 after acquiring an additional 34 shares during the last quarter. Finally, Benchmark Financial Wealth Advisors LLC lifted its holdings in shares of Lululemon Athletica by 4.3% in the 3rd quarter. Benchmark Financial Wealth Advisors LLC now owns 876 shares of the apparel retailer’s stock worth $289,000 after acquiring an additional 36 shares during the last quarter. Institutional investors own 83.33% of the company’s stock.

Several brokerages have recently commented on LULU. BTIG Research decreased their price objective on shares of Lululemon Athletica from $460.00 to $449.00 and set a “buy” rating on the stock in a report on Wednesday, September 9th. BNP Paribas downgraded shares of Lululemon Athletica from an “outperform” rating to a “neutral” rating and set a $352.00 target price on the stock. in a research note on Thursday, August 27th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Lululemon Athletica from $341.00 to $298.00 and set a “hold” rating on the stock in a research note on Wednesday, September 9th. BMO Capital Markets upped their target price on shares of Lululemon Athletica from $192.00 to $228.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 9th. Finally, B. Riley upped their target price on shares of Lululemon Athletica from $317.00 to $385.00 and gave the stock a “buy” rating in a research note on Tuesday, August 18th. Thirteen research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. Lululemon Athletica presently has an average rating of “Buy” and a consensus target price of $354.76.

NASDAQ:LULU traded down $3.66 during mid-day trading on Friday, hitting $349.95. 869,516 shares of the company’s stock traded hands, compared to its average volume of 1,985,342. The firm’s 50 day simple moving average is $336.96 and its 200 day simple moving average is $296.55. Lululemon Athletica inc. has a 1 year low of $128.85 and a 1 year high of $399.90. The company has a market cap of $45.60 billion, a PE ratio of 84.94, a price-to-earnings-growth ratio of 4.10 and a beta of 1.12.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Tuesday, September 8th. The apparel retailer reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.18. The firm had revenue of $902.90 million during the quarter, compared to the consensus estimate of $847.38 million. Lululemon Athletica had a net margin of 13.94% and a return on equity of 29.52%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period last year, the firm posted $0.96 EPS. Research analysts anticipate that Lululemon Athletica inc. will post 4.24 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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