RB Capital Management LLC increased its position in Lululemon Athletica inc. (NASDAQ:LULU) by 4.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 4,337 shares of the apparel retailer’s stock after purchasing an additional 200 shares during the period. RB Capital Management LLC’s holdings in Lululemon Athletica were worth $782,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Meridian Wealth Management LLC purchased a new position in shares of Lululemon Athletica during the 1st quarter worth $25,000. Cullen Frost Bankers Inc. acquired a new position in Lululemon Athletica in the first quarter worth approximately $33,000. SevenBridge Financial Group LLC acquired a new position in Lululemon Athletica in the second quarter worth approximately $35,000. Cordasco Financial Network acquired a new position in Lululemon Athletica in the second quarter worth approximately $36,000. Finally, Winslow Evans & Crocker Inc. grew its position in Lululemon Athletica by 2,000.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 210 shares of the apparel retailer’s stock worth $38,000 after buying an additional 200 shares during the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.
LULU has been the topic of several recent research reports. DA Davidson decreased their price target on shares of Lululemon Athletica to $175.00 and set an “average” rating on the stock in a research report on Tuesday, July 9th. Guggenheim reissued a “buy” rating and set a $200.00 target price on shares of Lululemon Athletica in a research report on Thursday, June 13th. MKM Partners boosted their target price on shares of Lululemon Athletica from $189.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. Wedbush set a $175.00 target price on shares of Lululemon Athletica and gave the stock a “hold” rating in a research report on Tuesday, June 11th. Finally, BidaskClub raised shares of Lululemon Athletica from a “hold” rating to a “buy” rating in a research report on Saturday. Ten investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $192.89.
LULU traded down $3.94 during mid-day trading on Friday, hitting $180.03. The stock had a trading volume of 1,518,747 shares, compared to its average volume of 1,283,901. The stock’s fifty day simple moving average is $184.48 and its 200-day simple moving average is $169.67. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.33 and a quick ratio of 1.45. The firm has a market capitalization of $23.97 billion, a price-to-earnings ratio of 46.88, a price-to-earnings-growth ratio of 2.13 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.
Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Wednesday, June 12th. The apparel retailer reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.04. The company had revenue of $782.30 million for the quarter, compared to analyst estimates of $755.92 million. Lululemon Athletica had a net margin of 14.77% and a return on equity of 38.77%. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period last year, the business posted $0.55 earnings per share. As a group, research analysts expect that Lululemon Athletica inc. will post 4.7 earnings per share for the current fiscal year.
In other Lululemon Athletica news, Director Dennis J. Wilson sold 164,061 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $182.89, for a total value of $30,005,116.29. Following the completion of the sale, the director now owns 3,852 shares in the company, valued at $704,492.28. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David M. Mussafer sold 4,484 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $186.10, for a total transaction of $834,472.40. Following the completion of the sale, the director now owns 18,947 shares of the company’s stock, valued at approximately $3,526,036.70. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by company 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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