Stephens Investment Management Group LLC trimmed its position in Lululemon Athletica inc. (NASDAQ:LULU) by 5.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 271,553 shares of the apparel retailer’s stock after selling 15,528 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Lululemon Athletica were worth $48,937,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. FMR LLC raised its position in shares of Lululemon Athletica by 0.5% in the 1st quarter. FMR LLC now owns 18,492,021 shares of the apparel retailer’s stock worth $3,030,287,000 after acquiring an additional 97,885 shares in the last quarter. Jennison Associates LLC raised its position in shares of Lululemon Athletica by 144.2% in the 1st quarter. Jennison Associates LLC now owns 6,321,172 shares of the apparel retailer’s stock worth $1,035,850,000 after acquiring an additional 3,732,291 shares in the last quarter. BlackRock Inc. raised its position in shares of Lululemon Athletica by 6.3% in the 1st quarter. BlackRock Inc. now owns 5,896,520 shares of the apparel retailer’s stock worth $966,262,000 after acquiring an additional 350,808 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Lululemon Athletica by 4.3% in the 4th quarter. Geode Capital Management LLC now owns 1,296,806 shares of the apparel retailer’s stock worth $157,624,000 after acquiring an additional 53,511 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Lululemon Athletica by 15.0% in the 1st quarter. Wells Fargo & Company MN now owns 812,430 shares of the apparel retailer’s stock worth $133,134,000 after acquiring an additional 105,900 shares in the last quarter. Institutional investors and hedge funds own 82.69% of the company’s stock.
In other news, Director David M. Mussafer sold 4,484 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $186.10, for a total value of $834,472.40. Following the sale, the director now owns 18,947 shares in the company, valued at $3,526,036.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.34% of the stock is currently owned by corporate insiders.
Shares of LULU stock traded down $0.93 during mid-day trading on Thursday, reaching $173.75. The stock had a trading volume of 35,336 shares, compared to its average volume of 1,218,500. The business has a fifty day moving average of $184.81. The company has a current ratio of 2.33, a quick ratio of 1.45 and a debt-to-equity ratio of 0.39. The company has a market cap of $23.30 billion, a price-to-earnings ratio of 45.11, a price-to-earnings-growth ratio of 2.07 and a beta of 0.62. Lululemon Athletica inc. has a 1-year low of $110.71 and a 1-year high of $194.25.
Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Wednesday, June 12th. The apparel retailer reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The business had revenue of $782.30 million for the quarter, compared to analyst estimates of $755.92 million. Lululemon Athletica had a return on equity of 38.77% and a net margin of 14.77%. The company’s revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.55 earnings per share. Analysts forecast that Lululemon Athletica inc. will post 4.7 earnings per share for the current year.
Several research analysts recently issued reports on the company. Wedbush set a $175.00 target price on Lululemon Athletica and gave the company a “hold” rating in a research report on Tuesday, June 11th. BidaskClub lowered Lululemon Athletica from a “buy” rating to a “hold” rating in a research report on Wednesday. Stifel Nicolaus reaffirmed a “buy” rating and set a $238.00 target price (up from $209.00) on shares of Lululemon Athletica in a research report on Friday, July 12th. Jefferies Financial Group lowered Lululemon Athletica to a “hold” rating and upped their target price for the company from $156.00 to $175.00 in a research report on Thursday, June 13th. Finally, JPMorgan Chase & Co. upped their target price on Lululemon Athletica from $197.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, June 13th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $190.34.
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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