Deutsche Bank AG takes a significant new stake in Lululemon, investing over $80 million.

Deutsche Bank AG invested in Lululemon Athletica Inc. during the second quarter. The bank purchased 705,726 shares, valued at approximately $80.58 million. This acquisition gives Deutsche Bank a 0.59% stake in the apparel retailer, according to a recent SEC filing.

Mitsubishi UFJ Asset Management Co. also acquired a new position of 252,371 shares. Zacks Research upgraded Lululemon's stock to a 'Hold' rating on the same day. These activities indicate noteworthy new interest from large financial institutions.