Geode Capital Management LLC grew its stake in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 976,136 shares of the apparel retailer’s stock after acquiring an additional 6,483 shares during the quarter. Geode Capital Management LLC owned about 0.72% of Lululemon Athletica worth $76,672,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Bell & Brown Wealth Advisors LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter valued at about $1,477,000. Cobblestone Capital Advisors LLC NY acquired a new position in shares of Lululemon Athletica during the 4th quarter valued at about $245,000. Amalgamated Bank increased its stake in shares of Lululemon Athletica by 4.5% during the 4th quarter. Amalgamated Bank now owns 19,142 shares of the apparel retailer’s stock valued at $1,504,000 after acquiring an additional 827 shares during the last quarter. Mackenzie Financial Corp increased its stake in shares of Lululemon Athletica by 49.3% during the 4th quarter. Mackenzie Financial Corp now owns 5,563 shares of the apparel retailer’s stock valued at $437,000 after acquiring an additional 1,836 shares during the last quarter. Finally, Stormborn Capital Management LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter valued at about $13,616,000. 80.18% of the stock is owned by institutional investors.
In other Lululemon Athletica news, major shareholder Dennis J. Wilson sold 722,134 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $77.47, for a total value of $55,943,720.98. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.29% of the company’s stock.
Lululemon Athletica inc. (NASDAQ LULU) opened at $79.80 on Wednesday. Lululemon Athletica inc. has a 52-week low of $47.26 and a 52-week high of $83.98. The stock has a market capitalization of $10,875.00, a P/E ratio of 35.39, a price-to-earnings-growth ratio of 2.06 and a beta of 0.22.
Lululemon Athletica declared that its Board of Directors has initiated a share buyback plan on Wednesday, December 6th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the apparel retailer to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
Lululemon Athletica 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.
Want to see what other hedge funds are holding LULU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lululemon Athletica inc. (NASDAQ:LULU).
Receive News & Ratings for Lululemon Athletica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lululemon Athletica and related companies with MarketBeat.com's FREE daily email newsletter.