Dennis J. Wilson Sells 722,134 Shares of Lululemon Athletica inc. (LULU) Stock

Lululemon Athletica inc. (NASDAQ:LULU) major shareholder Dennis J. Wilson sold 722,134 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $77.47, for a total transaction of $55,943,720.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Dennis J. Wilson also recently made the following trade(s):

  • On Wednesday, February 14th, Dennis J. Wilson sold 2,750,000 shares of Lululemon Athletica stock. The shares were sold at an average price of $76.73, for a total transaction of $211,007,500.00.

Shares of Lululemon Athletica inc. (LULU) traded up $3.95 during trading hours on Wednesday, hitting $81.22. 3,190,296 shares of the stock traded hands, compared to its average volume of 1,763,848. The stock has a market capitalization of $10,397.11, a P/E ratio of 40.41, a price-to-earnings-growth ratio of 1.97 and a beta of 0.26. Lululemon Athletica inc. has a 1-year low of $47.26 and a 1-year high of $83.31.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.04. The business had revenue of $619.00 million for the quarter, compared to the consensus estimate of $610.56 million. Lululemon Athletica had a net margin of 10.96% and a return on equity of 22.52%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 earnings per share. analysts predict that Lululemon Athletica inc. will post 2.53 earnings per share for the current year.

Lululemon Athletica announced that its Board of Directors has authorized a stock buyback plan on Wednesday, December 6th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the apparel retailer to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Large investors have recently modified their holdings of the company. Korea Investment CORP boosted its holdings in shares of Lululemon Athletica by 12.5% in the third quarter. Korea Investment CORP now owns 410,800 shares of the apparel retailer’s stock valued at $25,572,000 after acquiring an additional 45,600 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Lululemon Athletica by 10.5% in the second quarter. Dimensional Fund Advisors LP now owns 314,404 shares of the apparel retailer’s stock valued at $18,760,000 after purchasing an additional 29,880 shares during the period. ETRADE Capital Management LLC acquired a new stake in shares of Lululemon Athletica in the third quarter valued at about $252,000. APG Asset Management N.V. lifted its stake in shares of Lululemon Athletica by 6.2% in the third quarter. APG Asset Management N.V. now owns 177,188 shares of the apparel retailer’s stock valued at $11,030,000 after purchasing an additional 10,300 shares during the period. Finally, First Midwest Bank Trust Division acquired a new stake in shares of Lululemon Athletica in the third quarter valued at about $1,208,000. 79.58% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on the stock. B. Riley restated a “neutral” rating on shares of Lululemon Athletica in a report on Wednesday, November 1st. BidaskClub downgraded shares of Lululemon Athletica from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 10th. MKM Partners increased their target price on shares of Lululemon Athletica from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Zacks Investment Research downgraded shares of Lululemon Athletica from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Finally, Susquehanna Bancshares reaffirmed a “buy” rating and issued a $85.00 target price (up from $71.00) on shares of Lululemon Athletica in a research report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $73.95.

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About Lululemon Athletica

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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