Gulf International Bank UK Ltd Has $448,000 Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Gulf International Bank UK Ltd increased its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 7.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,149 shares of the apparel retailer’s stock after acquiring an additional 75 shares during the period. Gulf International Bank UK Ltd’s holdings in Lululemon Athletica were worth $448,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. RFG Advisory LLC raised its holdings in shares of Lululemon Athletica by 6.0% in the 1st quarter. RFG Advisory LLC now owns 1,547 shares of the apparel retailer’s stock worth $604,000 after acquiring an additional 87 shares during the last quarter. Banque Cantonale Vaudoise increased its stake in Lululemon Athletica by 66.4% in the 1st quarter. Banque Cantonale Vaudoise now owns 7,316 shares of the apparel retailer’s stock valued at $2,858,000 after buying an additional 2,920 shares during the last quarter. Fulton Bank N.A. increased its stake in Lululemon Athletica by 6.7% in the 1st quarter. Fulton Bank N.A. now owns 4,017 shares of the apparel retailer’s stock valued at $1,569,000 after buying an additional 253 shares during the last quarter. Stableford Capital II LLC purchased a new stake in Lululemon Athletica in the 1st quarter valued at about $456,000. Finally, Montecito Bank & Trust increased its stake in Lululemon Athletica by 145.2% in the 1st quarter. Montecito Bank & Trust now owns 1,189 shares of the apparel retailer’s stock valued at $464,000 after buying an additional 704 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on LULU. KeyCorp decreased their price objective on shares of Lululemon Athletica from $570.00 to $515.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Lululemon Athletica from $509.00 to $457.00 and set an “overweight” rating for the company in a research note on Thursday, June 6th. HSBC upgraded shares of Lululemon Athletica from a “hold” rating to a “buy” rating and increased their price objective for the company from $405.00 to $425.00 in a research note on Thursday, June 6th. Wedbush increased their target price on shares of Lululemon Athletica from $397.00 to $400.00 and gave the company an “outperform” rating in a research report on Thursday, June 6th. Finally, TD Securities reduced their target price 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. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $433.06.

Insider Activity

In related news, Director Martha A. M. Morfitt acquired 700 shares of the stock in a transaction dated Tuesday, March 26th. The shares were purchased at an average price of $389.29 per share, for a total transaction of $272,503.00. Following the transaction, the director now owns 500 shares in the company, valued at approximately $194,645. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica Price Performance

Shares of NASDAQ:LULU opened at $311.82 on Monday. The firm has a fifty day moving average price of $330.77 and a two-hundred day moving average price of $413.39. Lululemon Athletica Inc. has a one year low of $293.03 and a one year high of $516.39. The company has a market cap of $38.98 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 1.55 and a beta of 1.27.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Wednesday, June 5th. The apparel retailer reported $2.54 EPS for the quarter, beating the consensus estimate of $2.38 by $0.16. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.20 billion. Lululemon Athletica had a net margin of 16.09% and a return on equity of 42.64%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the firm earned $2.28 EPS. Equities research analysts expect that Lululemon Athletica Inc. will post 14.29 EPS for the current fiscal year.

Lululemon Athletica announced that its board has authorized a stock buyback plan on Wednesday, June 5th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the apparel retailer to buy up to 2.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

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.