Tyers Asset Management LLC lifted its holdings in Lululemon Athletica inc. (NASDAQ:LULU) by 15.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,880 shares of the apparel retailer’s stock after acquiring an additional 912 shares during the quarter. Tyers Asset Management LLC’s holdings in Lululemon Athletica were worth $1,240,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of LULU. Geode Capital Management LLC raised its stake in shares of Lululemon Athletica by 4.3% during the 4th quarter. Geode Capital Management LLC now owns 1,296,806 shares of the apparel retailer’s stock valued at $157,624,000 after buying an additional 53,511 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Lululemon Athletica by 6.9% during the first quarter. Janney Montgomery Scott LLC now owns 9,544 shares of the apparel retailer’s stock valued at $1,564,000 after acquiring an additional 618 shares in the last quarter. Sigma Planning Corp purchased a new position in Lululemon Athletica during the first quarter valued at approximately $232,000. Comerica Bank raised its position in Lululemon Athletica by 5.8% during the first quarter. Comerica Bank now owns 10,945 shares of the apparel retailer’s stock valued at $1,833,000 after acquiring an additional 597 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new position in Lululemon Athletica in the first quarter valued at approximately $15,609,000. 81.22% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have commented on LULU shares. BidaskClub upgraded Lululemon Athletica from a “hold” rating to a “buy” rating in a research report on Saturday, August 24th. Citigroup reaffirmed a “buy” rating on shares of Lululemon Athletica in a report on Friday, September 6th. MKM Partners boosted their target price on shares of Lululemon Athletica from $215.00 to $217.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Deutsche Bank increased their price target on shares of Lululemon Athletica from $205.00 to $216.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Finally, Credit Suisse Group restated an “outperform” rating and set a $235.00 price target (up previously from $198.00) on shares of Lululemon Athletica in a research report on Friday, September 6th. Eleven research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $203.79.
Shares of LULU traded up $4.23 during midday trading on Wednesday, reaching $197.49. The company had a trading volume of 128,098 shares, compared to its average volume of 2,137,357. Lululemon Athletica inc. has a 1-year low of $110.71 and a 1-year high of $204.44. The stock has a market cap of $25.32 billion, a PE ratio of 51.32, a price-to-earnings-growth ratio of 2.22 and a beta of 0.65. The firm has a 50 day simple moving average of $184.56 and a 200-day simple moving average of $173.04. The company has a quick ratio of 1.52, a current ratio of 2.41 and a debt-to-equity ratio of 0.38.
Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, September 5th. The apparel retailer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.07. The firm had revenue of $883.35 million for the quarter, compared to analysts’ expectations of $845.03 million. Lululemon Athletica had a net margin of 14.93% and a return on equity of 39.54%. The company’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS. As a group, sell-side analysts anticipate that Lululemon Athletica inc. will post 4.73 earnings per share for the current fiscal year.
Lululemon Athletica 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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