Teacher Retirement System of Texas increased its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 31.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,027 shares of the apparel retailer’s stock after buying an additional 1,904 shares during the period. Teacher Retirement System of Texas’ holdings in Lululemon Athletica were worth $593,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Jennison Associates LLC increased its stake in Lululemon Athletica by 761.4% in the second quarter. Jennison Associates LLC now owns 6,234,712 shares of the apparel retailer’s stock worth $460,496,000 after buying an additional 5,510,939 shares during the period. Norges Bank acquired a new stake in Lululemon Athletica during the fourth quarter worth approximately $47,695,000. 1832 Asset Management L.P. increased its stake in Lululemon Athletica by 296,140.0% in the first quarter. 1832 Asset Management L.P. now owns 740,600 shares of the apparel retailer’s stock worth $84,504,000 after buying an additional 740,350 shares during the last quarter. Schroder Investment Management Group acquired a new stake in Lululemon Athletica during the second quarter worth approximately $39,857,000. Finally, First Trust Advisors LP acquired a new stake in Lululemon Athletica during the second quarter worth approximately $26,135,000. Institutional investors own 94.76% of the company’s stock.
Shares of Lululemon Athletica Inc. (NASDAQ:LULU) traded down 0.02% during mid-day trading on Friday, reaching $60.98. 2,822,414 shares of the company’s stock traded hands. Lululemon Athletica Inc. has a 12 month low of $43.14 and a 12 month high of $81.81. The company has a market cap of $8.36 billion, a price-to-earnings ratio of 31.29 and a beta of 0.65. The company has a 50 day moving average of $71.25 and a 200 day moving average of $69.43.
Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, September 1st. The apparel retailer reported $0.38 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate 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 was up 13.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 EPS. Analysts expect that Lululemon Athletica Inc. will post $2.12 earnings per share for the current fiscal year.
LULU has been the topic of a number of research reports. Bank of America Corp. reiterated a “sell” rating on shares of Lululemon Athletica in a report on Tuesday, June 7th. Canaccord Genuity reiterated a “hold” rating and issued a $70.00 target price on shares of Lululemon Athletica in a report on Monday, June 6th. Deutsche Bank AG reiterated a “hold” rating and issued a $65.00 target price (up from $60.00) on shares of Lululemon Athletica in a report on Tuesday, June 7th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $80.00 target price on shares of Lululemon Athletica in a report on Tuesday, June 7th. Finally, Mizuho boosted their target price on shares of Lululemon Athletica from $65.00 to $68.00 and gave the stock a “neutral” rating in a report on Wednesday, June 8th. Six research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target 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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