Winslow Asset Management Inc. Acquires 2,570 Shares of Lululemon Athletica inc. (LULU)

Winslow Asset Management Inc. lifted its holdings in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 112,202 shares of the apparel retailer’s stock after purchasing an additional 2,570 shares during the quarter. Lululemon Athletica accounts for 1.6% of Winslow Asset Management Inc.’s holdings, making the stock its 29th largest position. Winslow Asset Management Inc. owned 0.08% of Lululemon Athletica worth $8,818,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Lululemon Athletica by 3.1% in the second quarter. Vanguard Group Inc. now owns 7,850,066 shares of the apparel retailer’s stock valued at $468,413,000 after acquiring an additional 233,035 shares during the last quarter. BlackRock Inc. increased its stake in Lululemon Athletica by 4.4% in the second quarter. BlackRock Inc. now owns 5,373,376 shares of the apparel retailer’s stock valued at $320,629,000 after acquiring an additional 228,068 shares during the last quarter. HS Management Partners LLC increased its stake in Lululemon Athletica by 36.4% in the second quarter. HS Management Partners LLC now owns 2,775,486 shares of the apparel retailer’s stock valued at $165,613,000 after acquiring an additional 741,200 shares during the last quarter. Janus Henderson Group PLC increased its stake in Lululemon Athletica by 16,053.2% in the second quarter. Janus Henderson Group PLC now owns 2,614,550 shares of the apparel retailer’s stock valued at $156,010,000 after acquiring an additional 2,598,364 shares during the last quarter. Finally, State Street Corp increased its stake in Lululemon Athletica by 0.8% in the second quarter. State Street Corp now owns 2,113,129 shares of the apparel retailer’s stock valued at $126,101,000 after acquiring an additional 16,821 shares during the last quarter. 79.31% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have weighed in on the stock. Deutsche Bank raised their target price on shares of Lululemon Athletica from $89.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. B. Riley restated a “hold” rating and issued a $70.00 target price on shares of Lululemon Athletica in a research report on Tuesday. BidaskClub lowered shares of Lululemon Athletica from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. MKM Partners raised their target price on shares of Lululemon Athletica from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Barclays restated a “buy” rating and issued a $95.00 target price on shares of Lululemon Athletica in a research report on Monday. Two investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $72.95.

Shares of Lululemon Athletica inc. (LULU) traded up $0.15 during trading hours on Thursday, hitting $79.01. 906,889 shares of the stock were exchanged, compared to its average volume of 1,878,486. The firm has a market capitalization of $10,660.00, a price-to-earnings ratio of 39.31, a PEG ratio of 2.51 and a beta of 0.19. Lululemon Athletica inc. has a 52 week low of $47.26 and a 52 week high of $81.92.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.04. Lululemon Athletica had a net margin of 10.96% and a return on equity of 22.52%. The company had revenue of $619.00 million for the quarter, compared to analyst estimates of $610.56 million. During the same quarter in the previous year, the business earned $0.50 earnings per share. Lululemon Athletica’s revenue was up 13.7% compared to the same quarter last year. equities research analysts anticipate that Lululemon Athletica inc. will post 2.48 EPS for the current year.

Lululemon Athletica declared that its Board of Directors has authorized a share repurchase program on Wednesday, December 6th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the apparel retailer to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

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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.

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Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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