Alliancebernstein L.P. boosted its position in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 311.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 691,777 shares of the apparel retailer’s stock after acquiring an additional 523,653 shares during the period. Alliancebernstein L.P. owned 0.51% of Lululemon Athletica worth $54,367,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. raised its position in shares of Lululemon Athletica by 5.3% during the third quarter. Victory Capital Management Inc. now owns 299,647 shares of the apparel retailer’s stock valued at $18,653,000 after buying an additional 15,056 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of Lululemon Athletica by 304.3% during the third quarter. Canada Pension Plan Investment Board now owns 82,510 shares of the apparel retailer’s stock valued at $5,136,000 after buying an additional 62,100 shares during the last quarter. Stevens Capital Management LP acquired a new position in shares of Lululemon Athletica during the third quarter valued at about $1,034,000. Prudential Financial Inc. raised its position in shares of Lululemon Athletica by 734.3% during the third quarter. Prudential Financial Inc. now owns 392,118 shares of the apparel retailer’s stock valued at $24,410,000 after buying an additional 345,120 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in shares of Lululemon Athletica by 7.5% during the third quarter. Oregon Public Employees Retirement Fund now owns 15,390 shares of the apparel retailer’s stock valued at $958,000 after buying an additional 1,075 shares during the last quarter. 80.18% of the stock is owned by hedge funds and other institutional investors.
In other news, major shareholder Dennis J. Wilson sold 722,134 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $77.47, for a total transaction of $55,943,720.98. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.29% of the stock is currently owned by corporate insiders.
Lululemon Athletica inc. (LULU) opened at $80.33 on Tuesday. Lululemon Athletica inc. has a 12-month low of $47.26 and a 12-month high of $83.98. The stock has a market cap of $10,880.00, a P/E ratio of 39.97, a PEG ratio of 2.08 and a beta of 0.22.
Lululemon Athletica declared that its Board of Directors has initiated a share buyback program on Wednesday, December 6th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the apparel retailer to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its shares are undervalued.
Lululemon Athletica 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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