Private Ocean LLC boosted its holdings in Lululemon Athletica inc. (NASDAQ:LULU) by 58.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 405 shares of the apparel retailer’s stock after purchasing an additional 150 shares during the quarter. Private Ocean LLC’s holdings in Lululemon Athletica were worth $78,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Virtus ETF Advisers LLC acquired a new stake in Lululemon Athletica in the 2nd quarter valued at approximately $27,000. Venturi Wealth Management LLC bought a new stake in Lululemon Athletica during the third quarter worth $29,000. Golden State Wealth Management LLC lifted its stake in Lululemon Athletica by 70.0% during the third quarter. Golden State Wealth Management LLC now owns 170 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 70 shares during the last quarter. SevenBridge Financial Group LLC bought a new stake in Lululemon Athletica during the second quarter worth $35,000. Finally, Cordasco Financial Network bought a new stake in Lululemon Athletica during the second quarter worth $36,000. Institutional investors and hedge funds own 80.38% of the company’s stock.
Shares of NASDAQ:LULU traded up $1.31 during trading hours on Friday, hitting $204.13. The company’s stock had a trading volume of 1,302,500 shares, compared to its average volume of 2,027,649. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.41 and a quick ratio of 1.52. Lululemon Athletica inc. has a 52 week low of $110.71 and a 52 week high of $209.02. The company has a market capitalization of $25.32 billion, a price-to-earnings ratio of 53.16, a P/E/G ratio of 2.26 and a beta of 0.67. The firm’s fifty day moving average price is $198.53 and its 200 day moving average price is $185.33.
Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, September 5th. The apparel retailer reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.07. Lululemon Athletica had a return on equity of 39.54% and a net margin of 14.93%. The business had revenue of $883.35 million during the quarter, compared to analysts’ expectations of $845.03 million. During the same quarter in the previous year, the business earned $0.71 EPS. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. On average, equities research analysts predict that Lululemon Athletica inc. will post 4.74 earnings per share for the current fiscal year.
In other news, Director Dennis J. Wilson sold 164,061 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $182.89, for a total transaction of $30,005,116.29. Following the completion of the sale, the director now owns 3,852 shares in the company, valued at approximately $704,492.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dennis J. Wilson sold 99,133 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $201.79, for a total value of $20,004,048.07. Following the sale, the director now owns 3,852 shares of the company’s stock, valued at approximately $777,295.08. The disclosure for this sale can be found here. Insiders have sold a total of 420,548 shares of company stock valued at $79,395,186 in the last quarter. Company insiders own 0.34% of the company’s stock.
Several research firms have weighed in on LULU. B. Riley upped their target price on Lululemon Athletica from $176.00 to $182.00 and gave the stock a “neutral” rating in a research note on Thursday. Susquehanna Bancshares set a $222.00 price objective on shares of Lululemon Athletica and gave the company a “buy” rating in a report on Thursday, September 5th. Bank of America lifted their price objective on shares of Lululemon Athletica from $200.00 to $230.00 and gave the company a “buy” rating in a report on Friday, September 6th. Cowen lifted their price objective on shares of Lululemon Athletica from $214.00 to $235.00 and gave the company an “outperform” rating in a report on Tuesday, September 17th. Finally, Deutsche Bank lifted their price objective on shares of Lululemon Athletica from $205.00 to $216.00 and gave the company a “buy” rating in a report on Friday, September 6th. Fourteen analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $211.79.
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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