Qube Research & Technologies Ltd Purchases 4,830 Shares of Lululemon Athletica inc. (NASDAQ:LULU)

Qube Research & Technologies Ltd lifted its position in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 153.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,975 shares of the apparel retailer’s stock after buying an additional 4,830 shares during the quarter. Qube Research & Technologies Ltd’s holdings in Lululemon Athletica were worth $1,437,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Spectrum Management Group Inc. grew its position in shares of Lululemon Athletica by 499.0% during the 2nd quarter. Spectrum Management Group Inc. now owns 1,767 shares of the apparel retailer’s stock worth $318,000 after buying an additional 1,472 shares in the last quarter. Icon Advisers Inc. Co. bought a new position in shares of Lululemon Athletica during the 2nd quarter worth $1,063,000. Swiss National Bank grew its position in shares of Lululemon Athletica by 10.8% during the 2nd quarter. Swiss National Bank now owns 366,755 shares of the apparel retailer’s stock worth $66,093,000 after buying an additional 35,800 shares in the last quarter. Next Capital Management LLC grew its position in shares of Lululemon Athletica by 15.6% during the 2nd quarter. Next Capital Management LLC now owns 437 shares of the apparel retailer’s stock worth $79,000 after buying an additional 59 shares in the last quarter. Finally, TimesSquare Capital Management LLC bought a new position in shares of Lululemon Athletica during the 2nd quarter worth $41,863,000. 82.69% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ LULU traded up $2.39 during trading on Friday, hitting $177.83. The company’s stock had a trading volume of 977,600 shares, compared to its average volume of 1,273,326. 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 company has a market cap of $22.86 billion, a PE ratio of 46.31, a P/E/G ratio of 2.03 and a beta of 0.62. The business’s 50 day simple moving average is $184.68 and its 200-day simple moving average is $168.84. Lululemon Athletica inc. has a fifty-two week low of $110.71 and a fifty-two week high of $194.25.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Wednesday, June 12th. The apparel retailer reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.04. The business had revenue of $782.30 million during the quarter, compared to the consensus estimate of $755.92 million. Lululemon Athletica had a return on equity of 38.77% and a net margin of 14.77%. The company’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the company earned $0.55 earnings per share. Analysts expect that Lululemon Athletica inc. will post 4.7 EPS for the current fiscal year.

LULU has been the topic of a number of recent research reports. Wells Fargo & Co set a $210.00 price target on Lululemon Athletica and gave the stock an “outperform” rating in a research report on Thursday, June 13th. Morgan Stanley raised their price objective on Lululemon Athletica from $160.00 to $163.00 and gave the company an “equal weight” rating in a research report on Thursday, June 13th. Deutsche Bank raised their price objective on Lululemon Athletica from $204.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, June 13th. Cowen set a $200.00 price objective on Lululemon Athletica and gave the company a “buy” rating in a research report on Thursday, June 13th. Finally, Bank of America raised their price objective on Lululemon Athletica from $185.00 to $193.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Eleven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $190.34.

In other Lululemon Athletica news, Director David M. Mussafer sold 4,484 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $186.10, for a total value of $834,472.40. Following the completion of the sale, the director now owns 18,947 shares of the company’s stock, valued at $3,526,036.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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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Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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