Acadian Asset Management LLC Raises Position in Lululemon Athletica inc. (NASDAQ:LULU)

Acadian Asset Management LLC lifted its stake in Lululemon Athletica inc. (NASDAQ:LULU) by 120,248.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,471 shares of the apparel retailer’s stock after purchasing an additional 162,336 shares during the period. Acadian Asset Management LLC owned 0.12% of Lululemon Athletica worth $12,768,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Lululemon Athletica by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 7,850,066 shares of the apparel retailer’s stock worth $468,413,000 after buying an additional 233,035 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Lululemon Athletica by 4.4% during the 2nd quarter. BlackRock Inc. now owns 5,373,376 shares of the apparel retailer’s stock valued at $320,629,000 after purchasing an additional 228,068 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Lululemon Athletica by 16,053.2% during the 2nd quarter. Janus Henderson Group PLC now owns 2,614,550 shares of the apparel retailer’s stock valued at $156,010,000 after purchasing an additional 2,598,364 shares during the last quarter. State Street Corp boosted its holdings in shares of Lululemon Athletica by 0.8% during the 2nd quarter. State Street Corp now owns 2,113,129 shares of the apparel retailer’s stock valued at $126,101,000 after purchasing an additional 16,821 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Lululemon Athletica by 132.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,014,384 shares of the apparel retailer’s stock valued at $63,146,000 after purchasing an additional 578,248 shares during the last quarter. Hedge funds and other institutional investors own 79.58% of the company’s stock.

Shares of Lululemon Athletica inc. (NASDAQ:LULU) traded up $3.95 during midday trading on Wednesday, reaching $81.22. 3,190,296 shares of the company’s stock traded hands, compared to its average volume of 1,720,000. The company has a market capitalization of $11,000.00, a P/E ratio of 40.41, a P/E/G ratio of 1.97 and a beta of 0.26. Lululemon Athletica inc. has a twelve month low of $47.26 and a twelve month high of $83.31.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.04. The business had revenue of $619.00 million during the quarter, compared to the consensus estimate of $610.56 million. Lululemon Athletica had a net margin of 10.96% and a return on equity of 22.52%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 earnings per share. equities research analysts predict that Lululemon Athletica inc. will post 2.53 EPS for the current year.

Lululemon Athletica announced that its Board of Directors has initiated a stock buyback program on Wednesday, December 6th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the apparel retailer to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

LULU has been the subject of several research reports. Needham & Company LLC increased their price objective on shares of Lululemon Athletica from $71.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, December 7th. Citigroup increased their price objective on shares of Lululemon Athletica to $78.00 and gave the company a “buy” rating in a report on Thursday, December 7th. Cowen reissued a “buy” rating and set a $78.00 price objective (up previously from $68.00) on shares of Lululemon Athletica in a report on Thursday, December 7th. SunTrust Banks increased their price objective on shares of Lululemon Athletica from $69.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, December 7th. Finally, Susquehanna Bancshares reissued a “buy” rating and set a $85.00 price objective (up previously from $71.00) on shares of Lululemon Athletica in a report on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $73.95.

In other Lululemon Athletica news, major shareholder Dennis J. Wilson sold 722,134 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $77.47, for a total value of $55,943,720.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.29% of the stock is owned by company insiders.

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About Lululemon Athletica

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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