BlueCrest Capital Management Ltd Takes $3.36 Million Position in lululemon athletica inc. (LULU)
BlueCrest Capital Management Ltd acquired a new stake in lululemon athletica inc. (NASDAQ:LULU) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 56,367 shares of the apparel retailer’s stock, valued at approximately $3,363,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Comerica Bank lifted its holdings in lululemon athletica inc. by 0.9% in the first quarter. Comerica Bank now owns 11,149 shares of the apparel retailer’s stock valued at $588,000 after acquiring an additional 97 shares during the last quarter. Suntrust Banks Inc. raised its position in lululemon athletica inc. by 5.9% in the second quarter. Suntrust Banks Inc. now owns 4,239 shares of the apparel retailer’s stock valued at $252,000 after purchasing an additional 237 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in lululemon athletica inc. by 5.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,851 shares of the apparel retailer’s stock valued at $303,000 after purchasing an additional 287 shares during the period. Bender Robert & Associates raised its position in lululemon athletica inc. by 0.4% in the second quarter. Bender Robert & Associates now owns 84,141 shares of the apparel retailer’s stock valued at $5,021,000 after purchasing an additional 302 shares during the period. Finally, AXA raised its position in lululemon athletica inc. by 4.1% in the first quarter. AXA now owns 10,129 shares of the apparel retailer’s stock valued at $525,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 80.43% of the company’s stock.
lululemon athletica inc. (NASDAQ LULU) traded down 0.24% on Monday, reaching $61.15. 104,609 shares of the company traded hands. The company has a 50-day moving average price of $60.28 and a 200-day moving average price of $56.67. The company has a market capitalization of $8.28 billion, a P/E ratio of 29.51 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.
lululemon athletica inc. (NASDAQ:LULU) last posted its earnings results on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. The firm had revenue of $581.10 million during the quarter, compared to analyst estimates of $567.40 million. lululemon athletica inc. had a net margin of 11.68% and a return on equity of 22.51%. lululemon athletica inc.’s revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 EPS. Equities research analysts expect that lululemon athletica inc. will post $2.41 EPS for the current year.
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LULU has been the topic of a number of research analyst reports. Canaccord Genuity set a $41.00 target price on lululemon athletica inc. and gave the company a “sell” rating in a research report on Tuesday, August 29th. Vetr raised lululemon athletica inc. from a “buy” rating to a “strong-buy” rating and set a $66.00 target price on the stock in a research report on Wednesday, August 30th. Nomura reissued a “buy” rating and issued a $67.00 target price (up previously from $65.00) on shares of lululemon athletica inc. in a research report on Friday, September 1st. Deutsche Bank AG reissued a “hold” rating and issued a $59.00 target price on shares of lululemon athletica inc. in a research report on Friday, September 1st. Finally, FBR & Co reissued a “hold” rating and issued a $55.00 target price on shares of lululemon athletica inc. in a research report on Friday, September 1st. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $65.76.
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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