National Asset Management Inc. boosted its position in Lululemon Athletica inc. (NASDAQ:LULU) by 57.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,213 shares of the apparel retailer’s stock after acquiring an additional 2,268 shares during the quarter. National Asset Management Inc.’s holdings in Lululemon Athletica were worth $1,179,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Lululemon Athletica by 1.3% in the first quarter. BlackRock Inc. now owns 7,036,616 shares of the apparel retailer’s stock valued at $1,333,790,000 after acquiring an additional 91,204 shares during the last quarter. WCM Investment Management LLC boosted its holdings in Lululemon Athletica by 102.9% in the first quarter. WCM Investment Management LLC now owns 6,685,064 shares of the apparel retailer’s stock valued at $1,267,154,000 after acquiring an additional 3,389,604 shares during the last quarter. State Street Corp raised its position in Lululemon Athletica by 1.0% in the fourth quarter. State Street Corp now owns 2,751,406 shares of the apparel retailer’s stock valued at $637,418,000 after purchasing an additional 26,073 shares during the period. Geode Capital Management LLC raised its position in Lululemon Athletica by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 1,311,432 shares of the apparel retailer’s stock valued at $303,559,000 after purchasing an additional 74,217 shares during the period. Finally, Norges Bank purchased a new position in Lululemon Athletica in the fourth quarter valued at about $278,952,000. Hedge funds and other institutional investors own 81.87% of the company’s stock.
Lululemon Athletica stock traded up $9.20 during midday trading on Friday, hitting $276.73. The stock had a trading volume of 2,071,088 shares, compared to its average volume of 1,658,535. The company has a current ratio of 2.91, a quick ratio of 2.08 and a debt-to-equity ratio of 0.31. The stock has a market cap of $34.82 billion, a P/E ratio of 56.02, a P/E/G ratio of 3.45 and a beta of 0.96. Lululemon Athletica inc. has a 12 month low of $128.85 and a 12 month high of $277.02. The business has a fifty day moving average price of $219.58 and a 200 day moving average price of $222.18.
Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, March 26th. The apparel retailer reported $2.28 EPS for the quarter, beating the Zacks’ consensus estimate of $2.25 by $0.03. Lululemon Athletica had a return on equity of 39.88% and a net margin of 16.22%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the firm posted $1.85 earnings per share. Lululemon Athletica’s quarterly revenue was up 19.7% compared to the same quarter last year. On average, equities analysts anticipate that Lululemon Athletica inc. will post 4.69 EPS for the current fiscal year.
Several research firms have commented on LULU. Oppenheimer reissued a “buy” rating and issued a $296.00 price objective on shares of Lululemon Athletica in a research report on Friday. Wells Fargo & Co cut their price objective on Lululemon Athletica from $270.00 to $250.00 and set an “overweight” rating on the stock in a research report on Monday, March 16th. Stifel Nicolaus cut their price objective on Lululemon Athletica from $273.00 to $224.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Cowen raised their price objective on Lululemon Athletica from $235.00 to $280.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Finally, Argus cut their price objective on Lululemon Athletica from $270.00 to $250.00 and set a “buy” rating on the stock in a research report on Monday, March 30th. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $235.88.
In other Lululemon Athletica news, Director Dennis J. Wilson sold 89,455 shares of Lululemon Athletica stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $223.58, for a total value of $20,000,348.90. Following the completion of the transaction, the director now directly owns 3,852 shares in the company, valued at $861,230.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dennis J. Wilson sold 173,544 shares of Lululemon Athletica stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $144.04, for a total value of $24,997,277.76. Following the completion of the transaction, the director now owns 3,852 shares of the company’s stock, valued at $554,842.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 729,946 shares of company stock valued at $140,796,220. 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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