Aurora Investment Counsel Acquires Shares of 5,739 Lululemon Athletica Inc. (NASDAQ:LULU)

Aurora Investment Counsel acquired a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULUGet Rating) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,739 shares of the apparel retailer’s stock, valued at approximately $1,565,000. Lululemon Athletica makes up 1.0% of Aurora Investment Counsel’s investment portfolio, making the stock its 22nd largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. OLD National Bancorp IN grew its stake in shares of Lululemon Athletica by 39.4% during the second quarter. OLD National Bancorp IN now owns 3,896 shares of the apparel retailer’s stock worth $1,062,000 after buying an additional 1,101 shares during the last quarter. Bridgewater Associates LP grew its stake in shares of Lululemon Athletica by 27.4% in the second quarter. Bridgewater Associates LP now owns 65,303 shares of the apparel retailer’s stock worth $17,802,000 after purchasing an additional 14,025 shares during the last quarter. Chartwell Investment Partners LLC grew its stake in shares of Lululemon Athletica by 141.4% in the second quarter. Chartwell Investment Partners LLC now owns 12,882 shares of the apparel retailer’s stock worth $3,512,000 after purchasing an additional 7,546 shares during the last quarter. BlackRock Inc. grew its stake in shares of Lululemon Athletica by 1.3% in the first quarter. BlackRock Inc. now owns 6,610,763 shares of the apparel retailer’s stock worth $2,414,447,000 after purchasing an additional 87,610 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Lululemon Athletica by 11.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 67,832 shares of the apparel retailer’s stock worth $24,774,000 after purchasing an additional 7,143 shares during the last quarter. Institutional investors own 81.11% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. KeyCorp boosted their price objective on shares of Lululemon Athletica from $350.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, September 2nd. Cowen upped their price target on shares of Lululemon Athletica from $512.00 to $531.00 and gave the company an “outperform” rating in a research report on Tuesday, August 30th. UBS Group upped their price target on shares of Lululemon Athletica from $296.00 to $333.00 and gave the company a “neutral” rating in a research report on Friday, September 2nd. StockNews.com began coverage on shares of Lululemon Athletica in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Raymond James began coverage on shares of Lululemon Athletica in a research report on Wednesday, October 12th. They set a “strong-buy” rating and a $345.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $400.74.

Insider Activity

In other news, Director Kathryn Henry sold 189 shares of the stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $351.80, for a total transaction of $66,490.20. Following the completion of the transaction, the director now directly owns 4,102 shares of the company’s stock, valued at approximately $1,443,083.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.46% of the company’s stock.

Lululemon Athletica Trading Up 1.4 %

Shares of LULU traded up $4.89 on Thursday, reaching $360.53. The company’s stock had a trading volume of 824,287 shares, compared to its average volume of 1,305,329. The stock has a market capitalization of $45.97 billion, a PE ratio of 42.22, a PEG ratio of 1.80 and a beta of 1.30. Lululemon Athletica Inc. has a twelve month low of $251.51 and a twelve month high of $468.77. The firm has a fifty day moving average of $318.78 and a 200-day moving average of $306.47.

Lululemon Athletica (NASDAQ:LULUGet Rating) last posted its quarterly earnings data on Thursday, September 1st. The apparel retailer reported $2.20 EPS for the quarter, beating the consensus estimate of $1.86 by $0.34. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. Lululemon Athletica had a net margin of 15.60% and a return on equity of 40.95%. The company’s revenue for the quarter was up 28.8% on a year-over-year basis. During the same quarter last year, the business posted $1.65 EPS. As a group, equities analysts anticipate that Lululemon Athletica Inc. will post 9.89 EPS for the current fiscal year.

Lululemon Athletica Company Profile

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lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women and men. It operates in 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.

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