Chartwell Investment Partners LLC grew its position in Lululemon Athletica Inc. (NASDAQ:LULU – Receive Rating) by 36.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,336 shares of the apparel retailer’s stock after buying an additional 1,417 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Lululemon Athletica were worth $1,949,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LULU. Norges Bank bought a new stake in Lululemon Athletica in the 4th quarter valued at $393,224,000. Schroder Investment Management Group boosted its holdings in Lululemon Athletica by 4,240.9% in the 4th quarter. Schroder Investment Management Group now owns 839,309 shares of the apparel retailer’s stock valued at $328,548,000 after buying an additional 819,974 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Lululemon Athletica in the 4th quarter valued at $144,078,000. Marshall Wace LLP acquired a new position in Lululemon Athletica in the 4th quarter valued at $106,257,000. Finally, Manning & Napier Group LLC boosted its holdings in Lululemon Athletica by 201.4% in the 1st quarter. Manning & Napier Group LLC now owns 324,891 shares of the apparel retailer’s stock worth $118,658,000 after buying an additional 217,084 shares in the last quarter. Institutional investors and hedge funds own 85.48% of the company’s shares.
In other Lululemon Athletica news, Director Kourtney Gibson purchased 200 shares of the business’s stock in a transaction that occurred on Wednesday, June 15th. The stock was bought at an average price of $280.12 per share, for a total transaction of $56,024.00. Following the transaction, the director now directly owns 1,302 shares in the company, valued at $364,716.24. The acquisition was disclosed in a filing with the Securities and Exchange Commission, which is available through this link. Insiders own 0.46% of the company’s stock.
NASDAQ LULU opened at $293.39 on Monday. The business’s 50-day moving average price is $292.46, and its two-hundred-day moving average price is $324.10. Lululemon Athletic Inc. it has a 12-month low of $251.51 and a 12-month high of $485.83. The firm has a market capitalization of $37.45 billion, a PE ratio of 37.28, a price-to-earnings-growth ratio of 1.55 and a beta of 1.30.
Lululemon Athletica (NASDAQ:LULU – Get Rating ) last issued its quarterly earnings results on Thursday, June 2nd. The apparel retailer reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.05. Lululemon Athletica had a return on equity of 39.23% and a net margin of 15.36%. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter a year ago, the company posted $1.16 EPS. Business revenue increased 31.6% year over year. On average, analysts predict that Lululemon Athletic Inc. will post 9.47 earnings per share for the current year.
Lululemon Athletica declared that its board has authorized a stock buyback program on Tuesday, March 29th that allows the company to buyback $1.00 billion in outstanding shares. This repurchase authorization allows the apparel retailer to repurchase up to 2.1% of its shares through open market purchases. Stock buyback programs are generally an indication that a company’s board believes its stock is undervalued.
Several equities analysts have weighed in on the company. Sanford C. Bernstein raised Lululemon Athletica to a “hold” rating and set a $300.00 price objective for the company in a report on Friday, June 24th. Wedbush assumed coverage on Lululemon Athletica in a report on Thursday, April 28th. They issued an “outperform” rating and a $430.00 price objective for the company. B. Riley decreased their price objective on Lululemon Athletica from $440.00 to $377.00 and set a “buy” rating for the company in a report on Friday, June 3rd. UBS Group decreased their price objective on Lululemon Athletica from $430.00 to $365.00 and set a “neutral” rating for the company in a report on Friday, June 3rd. Finally, Cowen reduced their price objective on Lululemon Athletica from $507.00 to $497.00 in a report on Thursday, April 21st. Six analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $423.88.
About Lululemon Athletica (Get rating)
lululemon athletica inc., together with its subsidiaries, designs, distributes and retails athletic apparel and accessories for women and men. It operates in two segments, Company Operated Stores and Direct to Consumer. The company offers pants, shorts, t-shirts and jackets for a healthy lifestyle and athletic activities, such as yoga, running and training, as well as other sweaty activities.
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