Rhumbline Advisers Grows Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Rhumbline Advisers raised its holdings in Lululemon Athletica Inc. (NASDAQ:LULUGet Rating) by 8.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 107,762 shares of the apparel retailer’s stock after purchasing an additional 8,105 shares during the period. Rhumbline Advisers owned 0.08% of Lululemon Athletica worth $29,377,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Manchester Capital Management LLC acquired a new position in shares of Lululemon Athletica in the first quarter valued at approximately $30,000. Harel Insurance Investments & Financial Services Ltd. increased its position in Lululemon Athletica by 440.9% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 119 shares of the apparel retailer’s stock worth $32,000 after purchasing an additional 97 shares during the last quarter. Venture Visionary Partners LLC acquired a new position in Lululemon Athletica during the second quarter worth approximately $34,000. Core Alternative Capital increased its position in Lululemon Athletica by 95.5% during the second quarter. Core Alternative Capital now owns 129 shares of the apparel retailer’s stock worth $35,000 after purchasing an additional 63 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. acquired a new position in Lululemon Athletica during the first quarter worth approximately $37,000. Hedge funds and other institutional investors own 81.11% of the company’s stock.

Lululemon Athletica Stock Performance

Lululemon Athletica stock opened at $360.53 on Thursday. The firm’s 50-day moving average is $318.43 and its 200-day moving average is $306.09. Lululemon Athletica Inc. has a 1 year low of $251.51 and a 1 year high of $468.77. The company has a market cap of $45.97 billion, a P/E ratio of 42.22, a PEG ratio of 1.80 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULUGet Rating) last posted its quarterly earnings results on Thursday, September 1st. The apparel retailer reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.34. Lululemon Athletica had a net margin of 15.60% and a return on equity of 40.95%. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the firm posted $1.65 EPS. The company’s revenue for the quarter was up 28.8% on a year-over-year basis. As a group, sell-side analysts predict that Lululemon Athletica Inc. will post 9.89 earnings per share for the current year.

Insider Transactions at Lululemon Athletica

In other news, Director Kathryn Henry sold 189 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $351.80, for a total value of $66,490.20. Following the transaction, the director now directly owns 4,102 shares in the company, valued at approximately $1,443,083.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. UBS Group upped their price target on shares of Lululemon Athletica from $296.00 to $333.00 and gave the stock a “neutral” rating in a research report on Friday, September 2nd. Raymond James initiated coverage on shares of Lululemon Athletica in a research report on Wednesday, October 12th. They issued a “strong-buy” rating and a $345.00 price objective for the company. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Lululemon Athletica from $427.00 to $434.00 and gave the stock a “buy” rating in a research report on Friday, September 2nd. Barclays increased their price objective on shares of Lululemon Athletica from $435.00 to $446.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 6th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Lululemon Athletica from $464.00 to $413.00 and set an “overweight” rating for the company in a research report on Tuesday, October 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $400.74.

Lululemon Athletica Company Profile

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lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women and men. It operates in 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.

See Also

Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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