Cerebellum GP LLC grew its holdings in Lululemon Athletica inc. (NASDAQ:LULU) by 3,281.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,198 shares of the apparel retailer’s stock after purchasing an additional 2,133 shares during the quarter. Cerebellum GP LLC’s holdings in Lululemon Athletica were worth $423,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of LULU. Meridian Wealth Management LLC acquired a new stake in shares of Lululemon Athletica in the first quarter valued at about $25,000. Virtus ETF Advisers LLC acquired a new stake in shares of Lululemon Athletica in the second quarter valued at about $27,000. SevenBridge Financial Group LLC acquired a new stake in shares of Lululemon Athletica in the second quarter valued at about $35,000. Cordasco Financial Network acquired a new stake in shares of Lululemon Athletica in the second quarter valued at about $36,000. Finally, Winslow Evans & Crocker Inc. grew its position in shares of Lululemon Athletica by 2,000.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 210 shares of the apparel retailer’s stock valued at $38,000 after purchasing an additional 200 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors.
In other Lululemon Athletica news, Director Dennis J. Wilson sold 99,133 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $201.79, for a total transaction of $20,004,048.07. Following the completion of the transaction, the director now owns 3,852 shares in the company, valued at $777,295.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dennis J. Wilson sold 164,061 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $182.89, for a total transaction of $30,005,116.29. Following the transaction, the director now owns 3,852 shares of the company’s stock, valued at approximately $704,492.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 420,548 shares of company stock valued at $79,395,186. Corporate insiders own 0.34% of the company’s stock.
Shares of LULU opened at $203.04 on Tuesday. The stock has a market cap of $26.27 billion, a price-to-earnings ratio of 46.89, a P/E/G ratio of 2.34 and a beta of 0.66. The company has a quick ratio of 1.52, a current ratio of 2.41 and a debt-to-equity ratio of 0.38. Lululemon Athletica inc. has a 12 month low of $110.71 and a 12 month high of $205.11. The company has a 50-day moving average price of $191.75 and a two-hundred day moving average price of $180.86.
Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, September 5th. The apparel retailer reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.07. The firm had revenue of $883.35 million during the quarter, compared to analysts’ expectations of $845.03 million. Lululemon Athletica had a net margin of 14.93% and a return on equity of 39.54%. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 earnings per share. Equities research analysts expect that Lululemon Athletica inc. will post 4.74 EPS for the current fiscal year.
Several brokerages have recently issued reports on LULU. Guggenheim reaffirmed a “buy” rating and issued a $220.00 price target on shares of Lululemon Athletica in a research report on Thursday, September 5th. Argus raised their price target on Lululemon Athletica to $200.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Cowen raised their price target on Lululemon Athletica from $214.00 to $235.00 and gave the company an “outperform” rating in a research report on Tuesday, September 17th. MKM Partners lifted their target price on Lululemon Athletica from $215.00 to $217.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Finally, Telsey Advisory Group lifted their target price on Lululemon Athletica from $205.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, September 6th. Twelve analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $206.71.
Lululemon Athletica Profile
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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