2 weeks Ago By ABMN Staff
Dai ichi Life Insurance Company Ltd lowered its stake in shares of Lululemon Athletica Inc. ( NASDAQ:LULU – Free Report ) by 1.5% during the second quarter, Holdings Channel.
com reports. The institutional investor owned 5,105 shares of the apparel retailer’s stock after selling 76 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Lululemon Athletica were worth $1,525,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the stock. Value Star Asset Management Hong Kong Ltd boosted its stake in Lululemon Athletica by 19,890.3% during the 2nd quarter.
Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer’s stock worth $1,390,074,000 after acquiring an additional 4,630,466 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Lululemon Athletica by 32.
3% during the fourth quarter. Vanguard Group Inc. now owns 9,692,969 shares of the apparel retailer’s stock worth $4,955,918,000 after purchasing an additional 2,369,119 shares in the last quarter.
Norges Bank acquired a new position in shares of Lululemon Athletica in the 4th quarter valued at $236,378,000. Northern Trust Corp increased its position in shares of Lululemon Athletica by 32.7% in the 4th quarter.
Northern Trust Corp now owns 1,046,011 shares of the apparel retailer’s stock valued at $534,815,000 after buying an additional 257,944 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its holdings in Lululemon Athletica by 2,485.5% during the fourth quarter.
Public Employees Retirement Association of Colorado now owns 238,664 shares of the apparel retailer’s stock worth $122,027,000 after acquiring an additional 229,433 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling In other news, CEO Calvin Mcdonald acquired 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average price of $260.00 per share, with a total value of $1,040,000.
00. Following the completion of the transaction, the chief executive officer now directly owns 89,922 shares of the company’s stock, valued at approximately $23,379,720. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link .
0.48% of the stock is owned by company insiders. Lululemon Athletica Stock Up 2.
5 % Lululemon Athletica ( NASDAQ:LULU – Get Free Report ) last issued its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.
93 by $0.22. Lululemon Athletica had a return on equity of 42.
59% and a net margin of 16.34%. The business had revenue of $2.
40 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the previous year, the company posted $2.
68 earnings per share. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year.
Equities analysts expect that Lululemon Athletica Inc. will post 14.03 EPS for the current year.
Lululemon Athletica declared that its Board of Directors has initiated a stock buyback plan on Wednesday, June 5th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the apparel retailer to buy up to 2.
5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued. Analyst Upgrades and Downgrades A number of equities analysts recently weighed in on the stock.
Truist Financial reaffirmed a “buy” rating and issued a $310.00 target price on shares of Lululemon Athletica in a research note on Wednesday, August 28th. Bank of America reduced their price objective on shares of Lululemon Athletica from $440.
00 to $355.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $220.
00 target price on shares of Lululemon Athletica in a research report on Thursday, July 25th. The Goldman Sachs Group cut Lululemon Athletica from a “buy” rating to a “neutral” rating and reduced their price target for the company from $463.00 to $286.
00 in a research report on Friday, August 2nd. Finally, Piper Sandler boosted their price target on Lululemon Athletica from $250.00 to $260.
00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat.
com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $354.94. Read Our Latest Stock Report on Lululemon Athletica Lululemon Athletica Profile ( Free Report ) Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men.
It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories. Read More 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 – Free Report ). 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.
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