Janus Henderson Group PLC boosted its position in lululemon athletica inc. (NASDAQ:LULU) by 16,053.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,614,550 shares of the apparel retailer’s stock after purchasing an additional 2,598,364 shares during the quarter. Janus Henderson Group PLC owned about 2.06% of lululemon athletica inc. worth $156,010,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of LULU. First Trust Advisors LP acquired a new position in lululemon athletica inc. during the 1st quarter valued at about $955,000. Bank of New York Mellon Corp increased its stake in lululemon athletica inc. by 2.1% during the 1st quarter. Bank of New York Mellon Corp now owns 455,662 shares of the apparel retailer’s stock valued at $23,634,000 after buying an additional 9,375 shares during the period. Comerica Bank grew its stake in shares of lululemon athletica inc. by 0.9% in the 1st quarter. Comerica Bank now owns 11,149 shares of the apparel retailer’s stock worth $588,000 after purchasing an additional 97 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of lululemon athletica inc. by 5.4% in the 1st quarter. UBS Asset Management Americas Inc. now owns 261,021 shares of the apparel retailer’s stock worth $13,539,000 after purchasing an additional 13,260 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new position in shares of lululemon athletica inc. in the 1st quarter worth approximately $936,000. Hedge funds and other institutional investors own 80.34% of the company’s stock.
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lululemon athletica inc. (LULU) traded up 2.500% on Tuesday, reaching $59.655. The company’s stock had a trading volume of 1,637,457 shares. The firm has a market cap of $8.08 billion, a price-to-earnings ratio of 28.791 and a beta of 0.20. lululemon athletica inc. has a 12 month low of $47.26 and a 12 month high of $72.70. The firm has a 50 day moving average of $60.57 and a 200 day moving average of $56.49.
lululemon athletica inc. (NASDAQ:LULU) last released its quarterly earnings data on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. The business had revenue of $581.10 million during the quarter, compared to analysts’ expectations of $567.40 million. lululemon athletica inc. had a return on equity of 22.51% and a net margin of 11.68%. The business’s revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the business posted $0.38 EPS. Analysts anticipate that lululemon athletica inc. will post $2.41 earnings per share for the current year.
Several brokerages have recently issued reports on LULU. Needham & Company LLC set a $69.00 price objective on shares of lululemon athletica inc. and gave the stock a “buy” rating in a research note on Monday. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $68.00 target price on shares of lululemon athletica inc. in a research report on Tuesday, October 10th. Robert W. Baird reissued a “buy” rating and issued a $72.00 target price on shares of lululemon athletica inc. in a research report on Wednesday, October 4th. Zacks Investment Research cut shares of lululemon athletica inc. from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Finally, Canaccord Genuity restated a “sell” rating and set a $43.00 price target on shares of lululemon athletica inc. in a report on Friday, September 22nd. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. lululemon athletica inc. has a consensus rating of “Hold” and a consensus target price of $65.82.
lululemon athletica inc. Profile
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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