Sumitomo Mitsui Trust Holdings Inc. Decreases Holdings in lululemon athletica inc. (LULU)

Sumitomo Mitsui Trust Holdings Inc. cut its stake in shares of lululemon athletica inc. (NASDAQ:LULU) by 3.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 301,963 shares of the apparel retailer’s stock after selling 12,065 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.22% of lululemon athletica worth $18,797,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Comerica Bank lifted its holdings in lululemon athletica by 1.0% in the 2nd quarter. Comerica Bank now owns 11,264 shares of the apparel retailer’s stock valued at $699,000 after purchasing an additional 115 shares in the last quarter. Suntrust Banks Inc. lifted its holdings in lululemon athletica by 5.9% in the 2nd quarter. Suntrust Banks Inc. now owns 4,239 shares of the apparel retailer’s stock valued at $252,000 after purchasing an additional 237 shares in the last quarter. Bender Robert & Associates lifted its holdings in lululemon athletica by 0.4% in the 2nd quarter. Bender Robert & Associates now owns 84,141 shares of the apparel retailer’s stock valued at $5,021,000 after purchasing an additional 302 shares in the last quarter. Global X Management Co. LLC lifted its holdings in lululemon athletica by 39.7% in the 2nd quarter. Global X Management Co. LLC now owns 2,532 shares of the apparel retailer’s stock valued at $151,000 after purchasing an additional 719 shares in the last quarter. Finally, Scotia Capital Inc. lifted its holdings in lululemon athletica by 23.0% in the 2nd quarter. Scotia Capital Inc. now owns 5,221 shares of the apparel retailer’s stock valued at $311,000 after purchasing an additional 978 shares in the last quarter. 79.45% of the stock is currently owned by institutional investors and hedge funds.

Shares of lululemon athletica inc. (NASDAQ LULU) opened at $66.36 on Wednesday. The stock has a market capitalization of $9,100.31, a price-to-earnings ratio of 30.83, a price-to-earnings-growth ratio of 2.49 and a beta of 0.19. lululemon athletica inc. has a one year low of $47.26 and a one year high of $72.70.

LULU has been the topic of a number of recent research reports. Cowen set a $67.00 target price on shares of lululemon athletica and gave the company a “buy” rating in a report on Monday, August 21st. Bank of America raised shares of lululemon athletica from an “underperform” rating to a “buy” rating and upped their price objective for the company from $48.00 to $70.00 in a research note on Monday, August 21st. Vetr raised shares of lululemon athletica from a “hold” rating to a “buy” rating and set a $63.40 price objective for the company in a research note on Thursday, August 10th. Zacks Investment Research raised shares of lululemon athletica from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research note on Thursday, August 17th. Finally, Robert W. Baird set a $70.00 price objective on shares of lululemon athletica and gave the company a “buy” rating in a research note on Tuesday, August 29th. Five analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. lululemon athletica presently has a consensus rating of “Hold” and a consensus target price of $65.85.

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lululemon athletica Company Profile

lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements.

Institutional Ownership by Quarter for lululemon athletica (NASDAQ:LULU)

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