Next Capital Management LLC increased its position in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 15.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 437 shares of the apparel retailer’s stock after purchasing an additional 59 shares during the quarter. Next Capital Management LLC’s holdings in Lululemon Athletica were worth $79,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of LULU. Executive Wealth Management LLC increased its stake in shares of Lululemon Athletica by 7.6% in the second quarter. Executive Wealth Management LLC now owns 9,396 shares of the apparel retailer’s stock valued at $1,693,000 after buying an additional 663 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in Lululemon Athletica by 16.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,799 shares of the apparel retailer’s stock valued at $1,442,000 after acquiring an additional 1,259 shares during the last quarter. Belpointe Asset Management LLC boosted its holdings in Lululemon Athletica by 18.5% in the first quarter. Belpointe Asset Management LLC now owns 1,825 shares of the apparel retailer’s stock valued at $299,000 after acquiring an additional 285 shares during the last quarter. Clark Capital Management Group Inc. bought a new stake in Lululemon Athletica in the second quarter valued at approximately $11,840,000. Finally, Nippon Life Global Investors Americas Inc. boosted its holdings in Lululemon Athletica by 15.3% in the first quarter. Nippon Life Global Investors Americas Inc. now owns 21,800 shares of the apparel retailer’s stock valued at $3,572,000 after acquiring an additional 2,890 shares during the last quarter. 82.69% of the stock is owned by hedge funds and other institutional investors.
In related news, Director David M. Mussafer sold 4,484 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $186.10, for a total value of $834,472.40. Following the transaction, the director now directly owns 18,947 shares in the company, valued at approximately $3,526,036.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.34% of the stock is owned by company insiders.
Shares of Lululemon Athletica stock traded up $2.23 on Friday, reaching $177.67. 49,717 shares of the company’s stock were exchanged, compared to its average volume of 1,231,486. The company has a market capitalization of $23.40 billion, a P/E ratio of 46.02, a price-to-earnings-growth ratio of 2.08 and a beta of 0.62. Lululemon Athletica inc. has a 52 week low of $110.71 and a 52 week high of $194.25. The firm’s 50-day moving average is $184.73 and its two-hundred day moving average is $168.79. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.45 and a current ratio of 2.33.
Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Wednesday, June 12th. The apparel retailer reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. Lululemon Athletica had a return on equity of 38.77% and a net margin of 14.77%. The company had revenue of $782.30 million for the quarter, compared to analysts’ expectations of $755.92 million. During the same period last year, the business earned $0.55 EPS. Lululemon Athletica’s quarterly revenue was up 20.4% compared to the same quarter last year. On average, analysts expect that Lululemon Athletica inc. will post 4.7 EPS for the current fiscal year.
Several analysts recently commented on LULU shares. Jefferies Financial Group cut Lululemon Athletica to a “hold” rating and upped their target price for the company from $156.00 to $175.00 in a report on Thursday, June 13th. Morgan Stanley upped their target price on Lululemon Athletica from $160.00 to $163.00 and gave the company an “equal weight” rating in a report on Thursday, June 13th. Guggenheim reiterated a “buy” rating and issued a $200.00 target price on shares of Lululemon Athletica in a report on Thursday, June 13th. Argus upped their target price on Lululemon Athletica to $200.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Finally, Cowen set a $200.00 price target on Lululemon Athletica and gave the stock a “buy” rating in a report on Thursday, June 13th. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Lululemon Athletica has a consensus rating of “Buy” and a consensus target price of $190.34.
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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