Prudential Financial Inc. grew its position in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 5.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,120 shares of the apparel retailer’s stock after buying an additional 2,370 shares during the quarter. Prudential Financial Inc.’s holdings in Lululemon Athletica were worth $8,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in LULU. Meridian Wealth Management LLC acquired a new stake in shares of Lululemon Athletica in the 1st quarter valued at $25,000. SevenBridge Financial Group LLC acquired a new stake in Lululemon Athletica during the 2nd quarter valued at $35,000. Cordasco Financial Network acquired a new position in Lululemon Athletica in the second quarter worth $36,000. Winslow Evans & Crocker Inc. boosted its stake 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 purchasing an additional 200 shares in the last quarter. Finally, Motco acquired a new position in Lululemon Athletica in the second quarter worth $38,000. 81.22% of the stock is owned by institutional investors and hedge funds.
LULU stock traded down $3.03 during mid-day trading on Tuesday, hitting $191.36. 61,085 shares of the company were exchanged, compared to its average volume of 1,991,698. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.52 and a current ratio of 2.41. Lululemon Athletica inc. has a 1-year low of $110.71 and a 1-year high of $204.44. The firm’s 50 day simple moving average is $184.48 and its 200 day simple moving average is $172.81. The firm has a market cap of $25.32 billion, a P/E ratio of 50.00, a P/E/G ratio of 2.35 and a beta of 0.65.
Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, September 5th. The apparel retailer reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.07. Lululemon Athletica had a net margin of 14.93% and a return on equity of 39.54%. The company had revenue of $883.35 million during the quarter, compared to the consensus estimate of $845.03 million. During the same quarter in the prior year, the firm earned $0.71 earnings per share. The firm’s revenue was up 22.1% compared to the same quarter last year. On average, equities research analysts predict that Lululemon Athletica inc. will post 4.7 EPS for the current fiscal year.
A number of research analysts have commented on the company. Stifel Nicolaus set a $238.00 price objective on Lululemon Athletica and gave the company a “buy” rating in a research report on Friday. BidaskClub upgraded Lululemon Athletica from a “hold” rating to a “buy” rating in a report on Saturday, August 24th. JPMorgan Chase & Co. lifted their price objective on Lululemon Athletica from $200.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday. MKM Partners boosted their price objective on Lululemon Athletica from $215.00 to $217.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Finally, Needham & Company LLC restated a “hold” rating on shares of Lululemon Athletica in a research report on Friday. Eleven research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $203.79.
In other Lululemon Athletica news, Director Dennis J. Wilson sold 110,629 shares of Lululemon Athletica stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $182.87, for a total value of $20,230,725.23. Following the sale, the director now owns 3,852 shares of the company’s stock, valued at approximately $704,415.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dennis J. Wilson sold 164,061 shares of the business’s stock in a transaction dated 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 disclosure for this sale can be found here. Insiders sold a total of 279,174 shares of company stock worth $51,070,314 over the last ninety days. 0.34% of the stock is currently owned by insiders.
Lululemon Athletica Company Profile
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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