2 weeks Ago By ABMN Staff
Legal & General Group Plc increased its holdings in Lululemon Athletica Inc. ( NASDAQ:LULU – Free Report ) by 3.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor owned 1,040,384 shares of the apparel retailer’s stock after purchasing an additional 37,239 shares during the period. Legal & General Group Plc owned 0.83% of Lululemon Athletica worth $310,763,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in LULU. Focus Financial Network Inc. ADV purchased a new position in shares of Lululemon Athletica in the fourth quarter worth $386,000.
Evoke Wealth LLC purchased a new stake in Lululemon Athletica in the 4th quarter worth $1,313,000. Dorsey & Whitney Trust CO LLC bought a new position in shares of Lululemon Athletica during the 4th quarter valued at about $226,000. FinTrust Capital Advisors LLC grew its position in shares of Lululemon Athletica by 50.
7% during the fourth quarter. FinTrust Capital Advisors LLC now owns 113 shares of the apparel retailer’s stock valued at $58,000 after purchasing an additional 38 shares in the last quarter. Finally, Rathbones Group PLC increased its holdings in shares of Lululemon Athletica by 2.
7% in the fourth quarter. Rathbones Group PLC now owns 10,981 shares of the apparel retailer’s stock worth $5,614,000 after purchasing an additional 285 shares during the last quarter. 85.
20% of the stock is currently owned by institutional investors. Insider Buying and Selling at Lululemon Athletica In other Lululemon Athletica news, CEO Calvin Mcdonald purchased 4,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average price of $260.
00 per share, with a total value of $1,040,000.00. Following the transaction, the chief executive officer now owns 89,922 shares of the company’s stock, valued at $23,379,720.
The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website . Insiders own 0.48% of the company’s stock.
Analysts Set New Price Targets Get Our Latest Research Report on Lululemon Athletica Lululemon Athletica Stock Up 4.2 % Shares of NASDAQ:LULU opened at $280.01 on Friday.
The business’s 50 day moving average is $257.68 and its 200 day moving average is $311.72.
The stock has a market cap of $34.38 billion, a P/E ratio of 22.45, a price-to-earnings-growth ratio of 1.
40 and a beta of 1.25. Lululemon Athletica Inc.
has a 52-week low of $226.01 and a 52-week high of $516.39.
Lululemon Athletica ( NASDAQ:LULU – Get Free Report ) last posted its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.
93 by $0.22. The business had revenue of $2.
40 billion for the quarter, compared to the consensus estimate of $2.41 billion. Lululemon Athletica had a return on equity of 42.
59% and a net margin of 16.34%. The business’s revenue was up 9.
1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.68 EPS.
On average, sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.03 EPS for the current fiscal year.
Lululemon Athletica announced that its Board of Directors has authorized a share repurchase program on Wednesday, June 5th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the apparel retailer to repurchase up to 2.
5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued. 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. Featured Stories 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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