Alpha Cubed Investments LLC grew its position in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 4.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,249 shares of the apparel retailer’s stock after buying an additional 53 shares during the period. Alpha Cubed Investments LLC’s holdings in Lululemon Athletica were worth $390,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Forte Capital LLC ADV bought a new stake in shares of Lululemon Athletica in the 2nd quarter valued at approximately $515,000. Polianta Ltd acquired a new position in Lululemon Athletica in the second quarter worth $1,092,000. Mount Yale Investment Advisors LLC boosted its holdings in Lululemon Athletica by 35.6% in the second quarter. Mount Yale Investment Advisors LLC now owns 14,539 shares of the apparel retailer’s stock worth $4,536,000 after purchasing an additional 3,818 shares during the period. Bay Rivers Group bought a new stake in Lululemon Athletica during the second quarter valued at $995,000. Finally, Sanders Morris Harris LLC acquired a new stake in shares of Lululemon Athletica during the second quarter worth $532,000. Institutional investors own 83.06% of the company’s stock.
A number of brokerages recently weighed in on LULU. BMO Capital Markets reaffirmed a “hold” rating and set a $192.00 price objective on shares of Lululemon Athletica in a research report on Tuesday, June 30th. Cowen upped their target price on Lululemon Athletica from $280.00 to $311.00 and gave the company an “outperform” rating in a report on Monday, June 1st. Bank of America reiterated a “buy” rating and set a $340.00 price target on shares of Lululemon Athletica in a research report on Tuesday, June 30th. Needham & Company LLC started coverage on Lululemon Athletica in a research report on Tuesday, June 30th. They set a “buy” rating and a $345.00 price objective for the company. Finally, Argus increased their target price on Lululemon Athletica from $270.00 to $360.00 in a research report on Monday, June 15th. Twelve equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $306.53.
LULU opened at $305.15 on Tuesday. Lululemon Athletica inc. has a one year low of $128.85 and a one year high of $324.76. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.69 and a current ratio of 2.68. The stock’s fifty day moving average is $303.45 and its 200-day moving average is $243.87. The company has a market capitalization of $40.94 billion, a PE ratio of 69.04, a P/E/G ratio of 3.93 and a beta of 1.08.
Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, June 11th. The apparel retailer reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). Lululemon Athletica had a net margin of 15.01% and a return on equity of 33.27%. The firm had revenue of $651.96 million for the quarter, compared to the consensus estimate of $695.98 million. During the same period in the prior year, the business earned $0.74 EPS. The company’s quarterly revenue was down 16.7% compared to the same quarter last year. On average, equities research analysts forecast that Lululemon Athletica inc. will post 4.37 EPS for the current fiscal year.
In related news, EVP Celeste Burgoyne sold 368 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $312.32, for a total transaction of $114,933.76. Following the completion of the sale, the executive vice president now directly owns 15,773 shares in the company, valued at $4,926,223.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michelle Sun Choe sold 4,744 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, July 2nd. The stock was 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 in the company, valued at approximately $3,236,995.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 235,126 shares of company stock valued at $53,035,109. Insiders own 0.32% of the company’s stock.
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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