Wedbush Securities Inc. reduced its position in lululemon athletica inc. (NASDAQ:LULU) by 4.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,638 shares of the apparel retailer’s stock after selling 1,260 shares during the period. Wedbush Securities Inc.’s holdings in lululemon athletica inc. were worth $1,709,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Exane Derivatives bought a new stake in lululemon athletica inc. during the second quarter worth approximately $106,000. Mn Services Vermogensbeheer B.V. increased its stake in lululemon athletica inc. by 4.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,925 shares of the apparel retailer’s stock worth $142,000 after buying an additional 121 shares during the period. Global X Management Co. LLC increased its stake in lululemon athletica inc. by 39.7% in the second quarter. Global X Management Co. LLC now owns 2,532 shares of the apparel retailer’s stock worth $151,000 after buying an additional 719 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in lululemon athletica inc. by 40.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,500 shares of the apparel retailer’s stock worth $182,000 after buying an additional 1,000 shares during the period. Finally, Suntrust Banks Inc. bought a new stake in lululemon athletica inc. during the first quarter worth approximately $206,000. 80.15% of the stock is owned by institutional investors and hedge funds.
Shares of lululemon athletica inc. (NASDAQ:LULU) opened at 59.76 on Friday. lululemon athletica inc. has a 52-week low of $47.26 and a 52-week high of $81.81. The stock has a market capitalization of $8.17 billion, a PE ratio of 28.31 and a beta of 0.25. The firm has a 50-day moving average of $59.95 and a 200 day moving average of $58.31.
lululemon athletica inc. (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, June 1st. The apparel retailer reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. lululemon athletica inc. had a net margin of 12.21% and a return on equity of 23.43%. The business had revenue of $520.30 million during the quarter, compared to analysts’ expectations of $513.99 million. During the same period last year, the business earned $0.33 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. Equities research analysts forecast that lululemon athletica inc. will post $2.34 EPS for the current fiscal year.
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Several research analysts have recently weighed in on LULU shares. Berenberg Bank started coverage on shares of lululemon athletica inc. in a research note on Tuesday, May 16th. They set a “hold” rating and a $54.00 price target on the stock. Jefferies Group LLC set a $56.00 price target on shares of lululemon athletica inc. and gave the stock a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research cut shares of lululemon athletica inc. from a “hold” rating to a “sell” rating in a research note on Tuesday, May 23rd. Stifel Nicolaus upgraded shares of lululemon athletica inc. from a “hold” rating to a “buy” rating in a research note on Tuesday, April 18th. Finally, UBS AG reiterated a “neutral” rating and set a $54.00 price target (down previously from $57.00) on shares of lululemon athletica inc. in a research note on Tuesday, May 30th. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $64.80.
In other lululemon athletica inc. news, Director Glenn Murphy acquired 97,728 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was purchased at an average price of $55.50 per share, for a total transaction of $5,423,904.00. Following the completion of the acquisition, the director now owns 100,344 shares of the company’s stock, valued at approximately $5,569,092. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.29% of the stock is owned by company insiders.
lululemon athletica inc. Company Profile
lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements.
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