California Public Employees Retirement System grew its position in Lululemon Athletica inc. (NASDAQ:LULU) by 25.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 272,773 shares of the apparel retailer’s stock after purchasing an additional 55,891 shares during the quarter. California Public Employees Retirement System’s holdings in Lululemon Athletica were worth $21,437,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LULU. Dimensional Fund Advisors LP grew its holdings in Lululemon Athletica by 10.5% in the second quarter. Dimensional Fund Advisors LP now owns 314,404 shares of the apparel retailer’s stock worth $18,760,000 after purchasing an additional 29,880 shares during the last quarter. Shell Asset Management Co. grew its holdings in shares of Lululemon Athletica by 184.9% during the third quarter. Shell Asset Management Co. now owns 17,917 shares of the apparel retailer’s stock valued at $753,000 after buying an additional 11,629 shares during the last quarter. Oakbrook Investments LLC purchased a new stake in shares of Lululemon Athletica during the third quarter valued at $202,000. APG Asset Management N.V. grew its holdings in shares of Lululemon Athletica by 6.2% during the third quarter. APG Asset Management N.V. now owns 177,188 shares of the apparel retailer’s stock valued at $11,030,000 after buying an additional 10,300 shares during the last quarter. Finally, Korea Investment CORP grew its holdings in shares of Lululemon Athletica by 12.5% during the third quarter. Korea Investment CORP now owns 410,800 shares of the apparel retailer’s stock valued at $25,572,000 after buying an additional 45,600 shares during the last quarter. 78.70% of the stock is currently owned by institutional investors and hedge funds.
LULU has been the topic of a number of research analyst reports. Citigroup boosted their price objective on shares of Lululemon Athletica to $78.00 and gave the company a “buy” rating in a report on Thursday, December 7th. Wells Fargo & Co set a $79.00 price objective on shares of Lululemon Athletica and gave the company a “hold” rating in a report on Thursday, January 11th. SunTrust Banks reissued a “buy” rating and set a $95.00 price objective on shares of Lululemon Athletica in a report on Friday, February 2nd. Royal Bank of Canada reissued a “buy” rating and set a $77.00 price objective on shares of Lululemon Athletica in a report on Friday, December 8th. Finally, Stifel Nicolaus boosted their price objective on shares of Lululemon Athletica from $66.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Lululemon Athletica presently has a consensus rating of “Buy” and an average target price of $73.95.
In other Lululemon Athletica news, major shareholder Dennis J. Wilson sold 722,134 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $77.47, for a total value of $55,943,720.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.29% of the company’s stock.
Lululemon Athletica inc. (NASDAQ LULU) opened at $80.58 on Wednesday. The firm has a market cap of $10,910.00, a PE ratio of 40.09, a price-to-earnings-growth ratio of 2.09 and a beta of 0.26. Lululemon Athletica inc. has a 1 year low of $47.26 and a 1 year high of $83.31.
Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.04. The business had revenue of $619.00 million during the quarter, compared to the consensus estimate of $610.56 million. Lululemon Athletica had a net margin of 10.96% and a return on equity of 22.52%. The company’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.50 earnings per share. research analysts expect that Lululemon Athletica inc. will post 2.53 earnings per share for the current fiscal year.
Lululemon Athletica declared that its Board of Directors has authorized a share repurchase program on Wednesday, December 6th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the apparel retailer to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
Lululemon Athletica Company Profile
lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements.
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