Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 103.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,370 shares of the apparel retailer’s stock after purchasing an additional 695 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Lululemon Athletica were worth $264,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in LULU. Virtus ETF Advisers LLC acquired a new stake in Lululemon Athletica in the 2nd quarter valued at about $27,000. Venturi Wealth Management LLC acquired a new stake in Lululemon Athletica in the 3rd quarter valued at about $29,000. Golden State Wealth Management LLC increased its position in Lululemon Athletica by 70.0% in the 3rd quarter. Golden State Wealth Management LLC now owns 170 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 70 shares in the last quarter. SevenBridge Financial Group LLC acquired a new stake in Lululemon Athletica in the 2nd quarter valued at about $35,000. Finally, Cordasco Financial Network acquired a new stake in Lululemon Athletica in the 2nd quarter valued at about $36,000. Institutional investors and hedge funds own 80.10% of the company’s stock.
In other news, Director Dennis J. Wilson sold 99,133 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $201.79, for a total transaction of $20,004,048.07. Following the completion of the sale, the director now directly owns 3,852 shares of the company’s stock, valued at approximately $777,295.08. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Dennis J. Wilson sold 110,629 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $182.87, for a total value of $20,230,725.23. Following the sale, the director now directly owns 3,852 shares of the company’s stock, valued at $704,415.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 420,548 shares of company stock worth $79,395,186. Company insiders own 0.34% of the company’s stock.
Lululemon Athletica stock traded up $3.21 during midday trading on Wednesday, hitting $211.02. 56,556 shares of the stock were exchanged, compared to its average volume of 2,022,782. The company has a fifty day simple moving average of $199.45 and a two-hundred day simple moving average of $185.79. Lululemon Athletica inc. has a 52 week low of $110.71 and a 52 week high of $209.02. The stock has a market capitalization of $26.59 billion, a PE ratio of 54.95, a P/E/G ratio of 2.37 and a beta of 0.67. 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 released its quarterly earnings data on Thursday, September 5th. The apparel retailer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.07. Lululemon Athletica had a net margin of 14.93% and a return on equity of 39.54%. The business had revenue of $883.35 million for the quarter, compared to analyst estimates of $845.03 million. During the same quarter last year, the firm earned $0.71 EPS. Lululemon Athletica’s quarterly revenue was up 22.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Lululemon Athletica inc. will post 4.74 EPS for the current fiscal year.
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.
Further Reading: Net Income
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