Daiwa Securities Group Inc. lessened its stake in Lululemon Athletica inc. (NASDAQ:LULU) by 32.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,936 shares of the apparel retailer’s stock after selling 7,271 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Lululemon Athletica were worth $2,427,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of LULU. Synovus Financial Corp acquired a new position in shares of Lululemon Athletica in the 2nd quarter valued at about $127,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in shares of Lululemon Athletica in the 3rd quarter valued at about $130,000. Parallel Advisors LLC lifted its holdings in shares of Lululemon Athletica by 230.4% in the 3rd quarter. Parallel Advisors LLC now owns 955 shares of the apparel retailer’s stock valued at $155,000 after buying an additional 666 shares during the period. Smithfield Trust Co. increased its stake in shares of Lululemon Athletica by 247.8% in the 2nd quarter. Smithfield Trust Co. now owns 1,287 shares of the apparel retailer’s stock valued at $160,000 after purchasing an additional 917 shares in the last quarter. Finally, TRUE Private Wealth Advisors purchased a new position in shares of Lululemon Athletica in the 3rd quarter valued at about $161,000. 79.55% of the stock is owned by institutional investors and hedge funds.
NASDAQ:LULU opened at $137.56 on Friday. Lululemon Athletica inc. has a 12 month low of $63.55 and a 12 month high of $164.79. The company has a market cap of $18.68 billion, a price-to-earnings ratio of 53.11, a PEG ratio of 2.05 and a beta of 0.38.
Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, August 30th. The apparel retailer reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.22. Lululemon Athletica had a return on equity of 28.67% and a net margin of 11.97%. The company had revenue of $723.50 million during the quarter, compared to analyst estimates of $669.14 million. During the same period in the previous year, the business earned $0.39 EPS. As a group, equities analysts anticipate that Lululemon Athletica inc. will post 3.58 earnings per share for the current year.
Several equities analysts recently weighed in on LULU shares. B. Riley restated a “neutral” rating and issued a $155.00 price target (up previously from $141.00) on shares of Lululemon Athletica in a research note on Tuesday, October 2nd. Royal Bank of Canada lifted their price target on Lululemon Athletica from $160.00 to $185.00 and gave the company an “outperform” rating in a research note on Tuesday, October 2nd. They noted that the move was a valuation call. Zacks Investment Research lowered Lululemon Athletica from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. Bank of America lifted their price target on Lululemon Athletica from $150.00 to $172.00 and gave the company a “buy” rating in a research note on Friday, August 31st. Finally, CIBC lifted their price target on Lululemon Athletica from $180.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, September 27th. Thirteen investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $154.36.
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Lululemon Athletica Company Profile
lululemon athletica inc., an athletic apparel company, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.
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