Strategic Wealth Advisors Group LLC decreased its stake in Lululemon Athletica inc. (NASDAQ:LULU) by 6.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,794 shares of the apparel retailer’s stock after selling 689 shares during the period. Strategic Wealth Advisors Group LLC’s holdings in Lululemon Athletica were worth $2,078,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of LULU. Jennison Associates LLC increased its position in Lululemon Athletica by 39.6% in the 2nd quarter. Jennison Associates LLC now owns 8,825,496 shares of the apparel retailer’s stock valued at $1,590,443,000 after acquiring an additional 2,504,324 shares during the period. Nuveen Asset Management LLC acquired a new position in Lululemon Athletica in the 2nd quarter valued at approximately $211,310,000. BlackRock Inc. increased its position in Lululemon Athletica by 16.8% in the 2nd quarter. BlackRock Inc. now owns 6,886,727 shares of the apparel retailer’s stock valued at $1,241,057,000 after acquiring an additional 990,207 shares during the period. Vanguard Group Inc. increased its position in Lululemon Athletica by 5.4% in the 2nd quarter. Vanguard Group Inc. now owns 10,063,552 shares of the apparel retailer’s stock valued at $1,813,552,000 after acquiring an additional 519,269 shares during the period. Finally, Point72 Asset Management L.P. increased its position in Lululemon Athletica by 144.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 719,821 shares of the apparel retailer’s stock valued at $129,719,000 after acquiring an additional 424,937 shares during the period. 80.38% of the stock is owned by institutional investors and hedge funds.
Shares of LULU traded up $0.72 during trading hours on Friday, hitting $203.54. 51,103 shares of the stock were exchanged, compared to its average volume of 1,686,181. Lululemon Athletica inc. has a fifty-two week low of $110.71 and a fifty-two week high of $209.02. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.41 and a quick ratio of 1.52. The business has a 50-day moving average of $198.34 and a 200-day moving average of $185.18. The firm has a market capitalization of $25.32 billion, a P/E ratio of 53.06, a price-to-earnings-growth ratio of 2.26 and a beta of 0.67.
Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, September 5th. The apparel retailer reported $0.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.07. Lululemon Athletica had a net margin of 14.93% and a return on equity of 39.54%. The company had revenue of $883.35 million during the quarter, compared to analysts’ expectations of $845.03 million. During the same period in the prior year, the company posted $0.71 earnings per share. Lululemon Athletica’s revenue for the quarter was up 22.1% compared to the same quarter last year. As a group, analysts forecast that Lululemon Athletica inc. will post 4.74 earnings per share for the current fiscal year.
Several equities analysts have issued reports on LULU shares. Stifel Nicolaus set a $238.00 price target on shares of Lululemon Athletica and gave the company a “buy” rating in a research report on Friday, September 6th. Zacks Investment Research upgraded shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $213.00 price target for the company in a research report on Monday, September 9th. JPMorgan Chase & Co. upped their price target on shares of Lululemon Athletica from $200.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. DA Davidson restated a “neutral” rating and issued a $185.00 price target on shares of Lululemon Athletica in a research report on Friday, September 6th. Finally, Raymond James started coverage on shares of Lululemon Athletica in a research report on Tuesday. They issued a “strong-buy” rating and a $275.00 price target for the company. Fourteen analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. Lululemon Athletica currently has an average rating of “Buy” and an average target price of $211.79.
In other Lululemon Athletica news, Director Dennis J. Wilson sold 110,629 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $182.87, for a total value of $20,230,725.23. Following the completion of the sale, the director now directly owns 3,852 shares in the company, valued at $704,415.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dennis J. Wilson sold 99,133 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $201.79, for a total transaction of $20,004,048.07. Following the completion of the sale, the director now owns 3,852 shares of the company’s stock, valued at $777,295.08. The disclosure for this sale can be found here. Insiders sold 420,548 shares of company stock valued at $79,395,186 over the last 90 days. Corporate insiders own 0.34% of the company’s stock.
About Lululemon Athletica
lululemon athletica inc., 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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