Bridgeway Capital Management Inc. lifted its stake in Lululemon Athletica inc. (NASDAQ:LULU) by 14.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,200 shares of the apparel retailer’s stock after purchasing an additional 2,600 shares during the quarter. Bridgeway Capital Management Inc.’s holdings in Lululemon Athletica were worth $6,303,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Rockbridge Investment Management LCC bought a new stake in shares of Lululemon Athletica in the 2nd quarter worth approximately $26,000. First Horizon Advisors Inc. lifted its position in Lululemon Athletica by 100.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 94 shares of the apparel retailer’s stock valued at $28,000 after acquiring an additional 47 shares in the last quarter. Capital Analysts LLC bought a new position in Lululemon Athletica in the 2nd quarter valued at approximately $31,000. Loomis Sayles & Co. L P bought a new position in Lululemon Athletica in the 1st quarter valued at approximately $48,000. Finally, Procyon Private Wealth Partners LLC lifted its position in Lululemon Athletica by 511.6% in the 1st quarter. Procyon Private Wealth Partners LLC now owns 263 shares of the apparel retailer’s stock valued at $50,000 after acquiring an additional 220 shares in the last quarter. 83.33% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Michelle Sun Choe sold 4,744 shares of the firm’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $312.15, for a total transaction of $1,480,839.60. Following the completion of the transaction, the insider now owns 10,370 shares of the company’s stock, valued at $3,236,995.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Celeste Burgoyne sold 4,723 shares of the firm’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $304.52, for a total transaction of $1,438,247.96. Following the transaction, the executive vice president now directly owns 6,780 shares of the company’s stock, valued at approximately $2,064,645.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,835 shares of company stock valued at $3,034,021. 0.32% of the stock is currently owned by corporate insiders.
Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Tuesday, September 8th. The apparel retailer reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.18. Lululemon Athletica had a net margin of 13.94% and a return on equity of 29.52%. The firm had revenue of $902.90 million during the quarter, compared to analysts’ expectations of $847.38 million. During the same quarter last year, the company posted $0.96 earnings per share. The firm’s revenue was up 2.2% compared to the same quarter last year. On average, equities analysts predict that Lululemon Athletica inc. will post 4.31 EPS for the current fiscal year.
Several equities analysts recently issued reports on the company. Barclays upped their price objective on Lululemon Athletica from $347.00 to $382.00 and gave the company an “overweight” rating in a research report on Wednesday, September 9th. They noted that the move was a valuation call. Citigroup lowered shares of Lululemon Athletica from a “buy” rating to a “neutral” rating and boosted their target price for the company from $340.00 to $400.00 in a research note on Thursday, September 3rd. BidaskClub lowered shares of Lululemon Athletica from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 9th. Cowen boosted their target price on shares of Lululemon Athletica from $280.00 to $311.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. Finally, BTIG Research reduced their price objective on Lululemon Athletica from $460.00 to $449.00 and set a “buy” rating for the company in a research note on Wednesday, September 9th. Fourteen investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $355.58.
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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