Royal London Asset Management Ltd. grew its position in Lululemon Athletica inc. (NASDAQ:LULU) by 4.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,546 shares of the apparel retailer’s stock after acquiring an additional 1,876 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Lululemon Athletica were worth $7,309,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LULU. Geode Capital Management LLC lifted its position in shares of Lululemon Athletica by 4.3% during the 4th quarter. Geode Capital Management LLC now owns 1,296,806 shares of the apparel retailer’s stock valued at $157,624,000 after buying an additional 53,511 shares in the last quarter. Chartwell Investment Partners LLC lifted its position in shares of Lululemon Athletica by 4.9% during the 1st quarter. Chartwell Investment Partners LLC now owns 3,269 shares of the apparel retailer’s stock valued at $536,000 after buying an additional 153 shares in the last quarter. Ropes Wealth Advisors LLC purchased a new position in shares of Lululemon Athletica during the 1st quarter valued at about $48,000. Flagship Harbor Advisors LLC lifted its position in shares of Lululemon Athletica by 328.4% during the 1st quarter. Flagship Harbor Advisors LLC now owns 1,221 shares of the apparel retailer’s stock valued at $200,000 after buying an additional 936 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its position in shares of Lululemon Athletica by 40.7% during the 1st quarter. Meeder Asset Management Inc. now owns 11,358 shares of the apparel retailer’s stock valued at $1,863,000 after buying an additional 3,288 shares in the last quarter. Institutional investors and hedge funds own 82.69% of the company’s stock.
A number of research analysts have recently weighed in on the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $205.00 price objective (up from $200.00) on shares of Lululemon Athletica in a research report on Thursday, June 13th. Barclays boosted their price target on Lululemon Athletica from $200.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Jefferies Financial Group cut Lululemon Athletica to a “hold” rating and boosted their price target for the stock from $156.00 to $175.00 in a report on Thursday, June 13th. Canaccord Genuity boosted their price target on Lululemon Athletica from $191.00 to $194.00 and gave the stock a “buy” rating in a report on Thursday, June 13th. Finally, Credit Suisse Group boosted their price target on Lululemon Athletica from $190.00 to $195.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $190.34.
Shares of LULU opened at $174.68 on Thursday. The stock has a market cap of $23.30 billion, a PE ratio of 45.49, a price-to-earnings-growth ratio of 2.07 and a beta of 0.62. Lululemon Athletica inc. has a 1 year low of $110.71 and a 1 year high of $194.25. The business’s 50 day moving average price is $184.81. The company has a quick ratio of 1.45, a current ratio of 2.33 and a debt-to-equity ratio of 0.39.
Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Wednesday, June 12th. The apparel retailer reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.04. The business had revenue of $782.30 million for the quarter, compared to analysts’ expectations of $755.92 million. Lululemon Athletica had a return on equity of 38.77% and a net margin of 14.77%. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 EPS. As a group, analysts expect that Lululemon Athletica inc. will post 4.7 earnings per share for the current year.
In other news, Director David M. Mussafer sold 4,484 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $186.10, for a total transaction of $834,472.40. Following the sale, the director now directly owns 18,947 shares of the company’s stock, valued at approximately $3,526,036.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.34% of the stock is owned by corporate insiders.
About Lululemon Athletica
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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