Victory Capital Management Inc. increased its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 131.7% during the second quarter, Holdings Channel reports. The firm owned 1,536 shares of the apparel retailer’s stock after buying an additional 873 shares during the period. Victory Capital Management Inc.’s holdings in Lululemon Athletica were worth $113,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Legal & General Group Plc increased its position in Lululemon Athletica by 2.5% in the first quarter. Legal & General Group Plc now owns 403,261 shares of the apparel retailer’s stock valued at $27,305,000 after buying an additional 9,987 shares during the period. Geode Capital Management LLC increased its position in Lululemon Athletica by 9.2% in the first quarter. Geode Capital Management LLC now owns 765,820 shares of the apparel retailer’s stock valued at $51,825,000 after buying an additional 64,523 shares during the period. RS Investment Management Co. LLC bought a new position in Lululemon Athletica during the second quarter valued at approximately $22,853,000. State Street Corp increased its position in Lululemon Athletica by 3.7% in the first quarter. State Street Corp now owns 2,036,631 shares of the apparel retailer’s stock valued at $137,900,000 after buying an additional 72,362 shares during the period. Finally, HBK Investments L P bought a new position in Lululemon Athletica during the first quarter valued at approximately $1,167,000. 94.76% of the stock is currently owned by hedge funds and other institutional investors.
Lululemon Athletica Inc. (NASDAQ:LULU) traded down 0.10% during trading on Friday, hitting $58.46. 776,795 shares of the stock traded hands. The company has a market cap of $8.01 billion, a P/E ratio of 29.99 and a beta of 0.60. Lululemon Athletica Inc. has a 12 month low of $43.14 and a 12 month high of $81.81. The company’s 50 day moving average price is $68.94 and its 200 day moving average price is $69.33.
Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, September 1st. The apparel retailer reported $0.38 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.38. The firm earned $514.52 million during the quarter. Lululemon Athletica had a return on equity of 23.73% and a net margin of 12.28%. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.34 earnings per share. On average, equities research analysts anticipate that Lululemon Athletica Inc. will post $2.12 EPS for the current fiscal year.
Several equities analysts have recently commented on LULU shares. Piper Jaffray Cos. raised shares of Lululemon Athletica from a “hold” rating to a “buy” rating in a report on Friday, September 9th. Citigroup Inc. reduced their price target on shares of Lululemon Athletica from $89.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, September 2nd. DA Davidson restated a “neutral” rating and issued a $80.00 price target on shares of Lululemon Athletica in a research report on Wednesday, August 31st. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $90.00 price target on shares of Lululemon Athletica in a research report on Friday, August 26th. Finally, Vetr upgraded shares of Lululemon Athletica from a “buy” rating to a “strong-buy” rating and set a $82.40 price target on the stock in a research report on Monday, September 5th. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Lululemon Athletica has a consensus rating of “Hold” and a consensus target price of $71.86.
Lululemon Athletica Company Profile
Lululemon Athletica Inc is a designer, distributor and retailer of technical athletic apparel. The Company’s segments include Company-operated stores, Direct to consumer and Other. The Company offers a line of apparel and accessories for women, men and female youth. Its apparel assortment includes items, such as pants, shorts, tops and jackets designed for healthy lifestyle activities and athletic pursuits, such as yoga, running, other sweaty pursuits and athletic wear for female youth.
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