Advisory Services Network LLC trimmed its stake in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 10.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,324 shares of the apparel retailer’s stock after selling 615 shares during the quarter. Advisory Services Network LLC’s holdings in Lululemon Athletica were worth $872,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Piedmont Investment Advisors Inc. grew its position in Lululemon Athletica by 0.8% during the first quarter. Piedmont Investment Advisors Inc. now owns 7,001 shares of the apparel retailer’s stock worth $1,147,000 after buying an additional 59 shares in the last quarter. Resources Investment Advisors Inc. boosted its holdings in shares of Lululemon Athletica by 15.6% in the 1st quarter. Resources Investment Advisors Inc. now owns 445 shares of the apparel retailer’s stock worth $73,000 after purchasing an additional 60 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of Lululemon Athletica by 70.8% in the 4th quarter. AdvisorNet Financial Inc now owns 205 shares of the apparel retailer’s stock worth $25,000 after purchasing an additional 85 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Lululemon Athletica by 8.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,148 shares of the apparel retailer’s stock worth $188,000 after purchasing an additional 86 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its holdings in shares of Lululemon Athletica by 2.0% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 6,097 shares of the apparel retailer’s stock worth $999,000 after purchasing an additional 121 shares in the last quarter. Institutional investors own 81.01% of the company’s stock.
A number of equities analysts have recently issued reports on LULU shares. Oppenheimer upped their price objective on Paycom Software from $175.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Credit Suisse Group reiterated a “hold” rating and issued a $32.00 price objective on shares of CRH in a report on Thursday, April 25th. Macquarie upgraded Planet Fitness from a “neutral” rating to an “outperform” rating and increased their target price for the company from $64.00 to $85.00 in a report on Tuesday, May 7th. Bank of America set a $64.00 target price on Verizon Communications and gave the company a “buy” rating in a report on Tuesday, April 23rd. Finally, B. Riley set a $2.00 target price on Ascena Retail Group and gave the company a “hold” rating in a report on Friday, May 17th. Ten analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $190.34.
LULU stock traded up $6.45 on Friday, reaching $189.52. 3,094,412 shares of the company traded hands, compared to its average volume of 2,171,641. Lululemon Athletica inc. has a one year low of $110.71 and a one year high of $190.52. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.45 and a current ratio of 2.33. The company has a market cap of $23.85 billion, a P/E ratio of 49.35, a P/E/G ratio of 2.12 and a beta of 0.64. The firm’s fifty day simple moving average is $177.19.
Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Wednesday, June 12th. The apparel retailer reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 during the quarter, compared to analyst estimates of $755.92 million. During the same quarter last year, the company earned $0.55 EPS. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, sell-side analysts forecast that Lululemon Athletica inc. will post 4.7 earnings per share for the current fiscal year.
Lululemon Athletica declared that its board has initiated a share buyback program on Wednesday, March 27th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the apparel retailer to purchase up to 2.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.
Lululemon Athletica Company 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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