Gateway Investment Advisers LLC boosted its stake in shares of lululemon athletica inc. (NASDAQ:LULU) by 51.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,146 shares of the apparel retailer’s stock after buying an additional 49,594 shares during the period. Gateway Investment Advisers LLC owned approximately 0.11% of lululemon athletica inc. worth $8,721,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Xact Kapitalforvaltning AB increased its position in shares of lululemon athletica inc. by 21.8% in the first quarter. Xact Kapitalforvaltning AB now owns 17,832 shares of the apparel retailer’s stock worth $925,000 after buying an additional 3,189 shares during the last quarter. Rothschild Investment Corp IL increased its position in shares of lululemon athletica inc. by 8.5% in the first quarter. Rothschild Investment Corp IL now owns 6,400 shares of the apparel retailer’s stock worth $332,000 after buying an additional 500 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of lululemon athletica inc. during the fourth quarter worth approximately $11,613,000. Schwab Charles Investment Management Inc. increased its position in shares of lululemon athletica inc. by 8.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 371,296 shares of the apparel retailer’s stock worth $19,260,000 after buying an additional 28,686 shares during the last quarter. Finally, CIBC World Markets Inc. increased its position in shares of lululemon athletica inc. by 6.6% in the first quarter. CIBC World Markets Inc. now owns 11,143 shares of the apparel retailer’s stock worth $578,000 after buying an additional 688 shares during the last quarter. 80.15% of the stock is currently owned by institutional investors and hedge funds.
lululemon athletica inc. (NASDAQ:LULU) traded up 0.03% during midday trading on Tuesday, hitting $62.53. The stock had a trading volume of 1,386,241 shares. lululemon athletica inc. has a 1-year low of $47.26 and a 1-year high of $81.81. The company has a 50-day moving average of $58.80 and a 200-day moving average of $58.53. The stock has a market cap of $8.55 billion, a price-to-earnings ratio of 29.62 and a beta of 0.25.
lululemon athletica inc. (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, June 1st. The apparel retailer reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.04. lululemon athletica inc. had a return on equity of 23.43% and a net margin of 12.21%. The company had revenue of $520.30 million during the quarter, compared to analysts’ expectations of $513.99 million. During the same period in the prior year, the company earned $0.33 EPS. lululemon athletica inc.’s revenue was up 5.0% compared to the same quarter last year. Equities research analysts forecast that lululemon athletica inc. will post $2.34 EPS for the current year.
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Several research firms have recently issued reports on LULU. Vetr raised lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $63.40 price target for the company in a research note on Thursday, August 3rd. Zacks Investment Research raised lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research note on Friday, July 28th. Stifel Nicolaus cut lululemon athletica inc. from a “buy” rating to a “hold” rating and increased their price target for the stock from $60.00 to $66.00 in a research note on Tuesday, July 25th. They noted that the move was a valuation call. Cowen and Company reissued an “outperform” rating and issued a $67.00 price target (up previously from $64.00) on shares of lululemon athletica inc. in a research note on Saturday, July 22nd. Finally, Needham & Company LLC began coverage on lululemon athletica inc. in a research note on Tuesday, July 18th. They issued a “buy” rating and a $67.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. lululemon athletica inc. currently has a consensus rating of “Hold” and an average price target of $64.80.
In other news, Director Glenn Murphy purchased 97,728 shares of the company’s stock in a transaction dated Monday, June 26th. The stock was bought at an average cost of $55.50 per share, for a total transaction of $5,423,904.00. Following the purchase, the director now owns 100,344 shares of the company’s stock, valued at $5,569,092. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.29% of the stock is currently owned by corporate insiders.
About lululemon athletica inc.
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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