Marshall Wace LLP grew its position in Lululemon Athletica inc. (NASDAQ:LULU) by 18.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 192,800 shares of the apparel retailer’s stock after buying an additional 29,370 shares during the period. Marshall Wace LLP owned 0.15% of Lululemon Athletica worth $31,328,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Banco de Sabadell S.A acquired a new stake in Lululemon Athletica in the 3rd quarter worth approximately $113,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in Lululemon Athletica in the 3rd quarter worth approximately $130,000. Parallel Advisors LLC boosted its stake in Lululemon Athletica by 230.4% in the 3rd quarter. Parallel Advisors LLC now owns 955 shares of the apparel retailer’s stock worth $155,000 after purchasing an additional 666 shares in the last quarter. TRUE Private Wealth Advisors acquired a new stake in Lululemon Athletica in the 3rd quarter worth approximately $161,000. Finally, Global Trust Asset Management LLC acquired a new stake in Lululemon Athletica in the 3rd quarter worth approximately $179,000. Institutional investors and hedge funds own 79.24% of the company’s stock.
A number of research firms recently commented on LULU. Wedbush lifted their target price on shares of Lululemon Athletica from $110.00 to $176.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 2nd. B. Riley reiterated a “neutral” rating and issued a $155.00 target price (up from $141.00) on shares of Lululemon Athletica in a research note on Tuesday, October 2nd. Royal Bank of Canada lifted their target price on shares of Lululemon Athletica from $160.00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 2nd. They noted that the move was a valuation call. Cowen set a $185.00 target price on shares of Lululemon Athletica and gave the stock an “outperform” rating in a research note on Tuesday, October 2nd. Finally, MKM Partners set a $174.00 target price on shares of Lululemon Athletica and gave the stock a “buy” rating in a research note on Tuesday, October 2nd. Fourteen research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $157.79.
NASDAQ:LULU traded down $6.85 during trading hours on Friday, hitting $124.59. The company’s stock had a trading volume of 97,584 shares, compared to its average volume of 2,008,475. Lululemon Athletica inc. has a 52-week low of $71.29 and a 52-week high of $164.79. The stock has a market capitalization of $17.69 billion, a price-to-earnings ratio of 47.96, a PEG ratio of 1.94 and a beta of 0.37.
Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, December 6th. The apparel retailer reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The firm had revenue of $747.70 million during the quarter, compared to analysts’ expectations of $736.10 million. Lululemon Athletica had a return on equity of 28.67% and a net margin of 11.97%. The firm’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.56 EPS. Sell-side analysts anticipate that Lululemon Athletica inc. will post 3.59 EPS for the current fiscal year.
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Lululemon Athletica Company Profile
lululemon athletica inc., an athletic apparel company, 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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