Robeco Institutional Asset Management B.V. lifted its position in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 5.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 679,525 shares of the apparel retailer’s stock after purchasing an additional 37,840 shares during the period. Robeco Institutional Asset Management B.V. owned 0.52% of Lululemon Athletica worth $111,354,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sigma Planning Corp bought a new position in Lululemon Athletica during the 1st quarter worth $232,000. Fagan Associates Inc. raised its position in shares of Lululemon Athletica by 53.4% in the 1st quarter. Fagan Associates Inc. now owns 8,560 shares of the apparel retailer’s stock worth $1,403,000 after acquiring an additional 2,980 shares in the last quarter. Cookson Peirce & Co. Inc. acquired a new stake in shares of Lululemon Athletica in the 1st quarter valued at about $215,000. Menta Capital LLC grew its stake in shares of Lululemon Athletica by 158.1% in the 1st quarter. Menta Capital LLC now owns 5,485 shares of the apparel retailer’s stock valued at $899,000 after buying an additional 3,360 shares during the period. Finally, Accuvest Global Advisors grew its stake in shares of Lululemon Athletica by 33.8% in the 1st quarter. Accuvest Global Advisors now owns 7,786 shares of the apparel retailer’s stock valued at $1,276,000 after buying an additional 1,968 shares during the period. Institutional investors own 80.79% of the company’s stock.
Shares of LULU traded down $11.96 during mid-day trading on Wednesday, reaching $161.59. 4,632,222 shares of the stock traded hands, compared to its average volume of 2,156,032. The firm has a market capitalization of $22.29 billion, a P/E ratio of 42.08, a price-to-earnings-growth ratio of 2.02 and a beta of 0.53. Lululemon Athletica inc. has a 1 year low of $103.80 and a 1 year high of $179.49.
Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Wednesday, March 27th. The apparel retailer reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.11. Lululemon Athletica had a net margin of 14.71% and a return on equity of 35.49%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the business earned $1.33 earnings per share. The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. Research analysts forecast that Lululemon Athletica inc. will post 4.67 earnings per share for the current year.
Lululemon Athletica announced that its board has initiated a stock repurchase plan on Wednesday, March 27th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the apparel retailer to repurchase up to 2.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.
In related news, Director Dennis J. Wilson sold 155,800 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $144.43, for a total value of $22,502,194.00. Following the completion of the transaction, the director now directly owns 3,852 shares in the company, valued at $556,344.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dennis J. Wilson sold 288,856 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $155.79, for a total transaction of $45,000,876.24. Following the completion of the transaction, the director now owns 3,852 shares of the company’s stock, valued at $600,103.08. The disclosure for this sale can be found here. Insiders sold 519,344 shares of company stock valued at $79,873,942 over the last quarter. 0.32% of the stock is owned by company insiders.
Several analysts have recently commented on LULU shares. Stifel Nicolaus raised their target price on Lululemon Athletica from $152.00 to $187.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. BidaskClub downgraded Lululemon Athletica from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 2nd. Nomura reiterated a “neutral” rating and set a $157.00 price target (up previously from $140.00) on shares of Lululemon Athletica in a research note on Tuesday, February 19th. They noted that the move was a valuation call. Oppenheimer lifted their price target on Lululemon Athletica from $190.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Finally, Cowen lifted their price target on Lululemon Athletica from $190.00 to $192.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Eleven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $175.23.
About Lululemon Athletica
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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