lululemon athletica inc. (LULU) Shares Bought by Teachers Advisors LLC
Teachers Advisors LLC lifted its position in lululemon athletica inc. (NASDAQ:LULU) by 285.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 542,012 shares of the apparel retailer’s stock after buying an additional 401,507 shares during the quarter. Teachers Advisors LLC owned approximately 0.40% of lululemon athletica inc. worth $32,342,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of LULU. Schwab Charles Investment Management Inc. increased its holdings in lululemon athletica inc. by 8.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 371,296 shares of the apparel retailer’s stock worth $19,260,000 after purchasing an additional 28,686 shares during the period. Stifel Financial Corp increased its holdings in lululemon athletica inc. by 49.1% during the 1st quarter. Stifel Financial Corp now owns 23,401 shares of the apparel retailer’s stock worth $1,207,000 after purchasing an additional 7,701 shares during the period. Morgan Stanley increased its holdings in lululemon athletica inc. by 55.2% during the 1st quarter. Morgan Stanley now owns 821,041 shares of the apparel retailer’s stock worth $42,587,000 after purchasing an additional 292,183 shares during the period. First Trust Advisors LP purchased a new stake in lululemon athletica inc. during the 1st quarter worth about $955,000. Finally, Parametric Portfolio Associates LLC increased its holdings in lululemon athletica inc. by 47.6% during the 1st quarter. Parametric Portfolio Associates LLC now owns 67,964 shares of the apparel retailer’s stock worth $3,525,000 after purchasing an additional 21,921 shares during the period. Institutional investors own 79.45% of the company’s stock.
In other lululemon athletica inc. news, Director Glenn Murphy acquired 100,000 shares of the business’s stock in a transaction on Tuesday, June 27th. The stock was purchased at an average price of $55.50 per share, with a total value of $5,550,000.00. Following the acquisition, the director now directly owns 100,344 shares of the company’s stock, valued at approximately $5,569,092. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.29% of the company’s stock.
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LULU has been the topic of several recent research reports. KeyCorp restated a “hold” rating on shares of lululemon athletica inc. in a report on Friday, August 25th. Jefferies Group LLC restated a “hold” rating and set a $56.00 price target on shares of lululemon athletica inc. in a report on Friday, July 14th. Deutsche Bank AG restated a “hold” rating and set a $59.00 price target (up previously from $58.00) on shares of lululemon athletica inc. in a report on Saturday, June 3rd. J P Morgan Chase & Co restated a “buy” rating and set a $71.00 price target on shares of lululemon athletica inc. in a report on Friday, September 1st. Finally, Zacks Investment Research upgraded lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a report on Wednesday, September 6th. Three research analysts have rated the stock with a sell rating, eighteen have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. lululemon athletica inc. has a consensus rating of “Hold” and a consensus price target of $65.66.
lululemon athletica inc. (NASDAQ:LULU) opened at 58.95 on Wednesday. The firm’s 50-day moving average price is $60.45 and its 200 day moving average price is $56.95. The stock has a market cap of $7.98 billion, a P/E ratio of 28.45 and a beta of 0.22. lululemon athletica inc. has a 52-week low of $47.26 and a 52-week high of $72.70.
lululemon athletica inc. (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.04. The firm had revenue of $581.10 million during the quarter, compared to the consensus estimate of $567.40 million. lululemon athletica inc. had a net margin of 11.68% and a return on equity of 22.51%. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 EPS. Equities analysts predict that lululemon athletica inc. will post $2.41 earnings per share for the current year.
lululemon athletica inc. Company 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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