Intech Funding Administration LLC raised its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU – Free Report) by 865.2% throughout the second quarter, in response to its most up-to-date 13F submitting with the Securities and Change Fee. The institutional investor owned 58,143 shares of the attire retailer’s inventory after buying a further 52,119 shares throughout the quarter. Intech Funding Administration LLC’s holdings in Lululemon Athletica have been price $17,367,000 on the finish of the latest reporting interval.
Different hedge funds have additionally purchased and offered shares of the corporate. Tidemark LLC acquired a brand new place in Lululemon Athletica throughout the 4th quarter valued at roughly $26,000. Scarborough Advisors LLC bought a brand new stake in shares of Lululemon Athletica within the 4th quarter valued at $26,000. Benjamin Edwards Inc. boosted its holdings in shares of Lululemon Athletica by 176.0% within the 1st quarter. Benjamin Edwards Inc. now owns 69 shares of the attire retailer’s inventory valued at $27,000 after buying a further 44 shares over the last quarter. Riverview Belief Co bought a brand new stake in shares of Lululemon Athletica within the 1st quarter valued at $29,000. Lastly, Larson Monetary Group LLC boosted its holdings in shares of Lululemon Athletica by 78.2% within the 2nd quarter. Larson Monetary Group LLC now owns 98 shares of the attire retailer’s inventory valued at $29,000 after buying a further 43 shares over the last quarter. Institutional buyers and hedge funds personal 85.20% of the corporate’s inventory.
Lululemon Athletica Inventory Efficiency
LULU opened at $270.76 on Friday. Lululemon Athletica Inc. has a one yr low of $226.01 and a one yr excessive of $516.39. The inventory has a market capitalization of $33.85 billion, a PE ratio of 21.71, a P/E/G ratio of 1.38 and a beta of 1.25. The enterprise’s 50 day shifting common value is $260.28 and its 200 day shifting common value is $320.61.
Lululemon Athletica (NASDAQ:LULU – Get Free Report) final launched its quarterly earnings knowledge on Thursday, August twenty ninth. The attire retailer reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. Lululemon Athletica had a return on fairness of 42.59% and a internet margin of 16.34%. The agency had income of $2.40 billion for the quarter, in comparison with analysts’ expectations of $2.41 billion. Throughout the identical interval within the prior yr, the agency posted $2.68 earnings per share. The agency’s quarterly income was up 9.1% on a year-over-year foundation. As a bunch, equities analysis analysts forecast that Lululemon Athletica Inc. will publish 14.03 earnings per share for the present fiscal yr.
Lululemon Athletica declared that its board has authorised a share repurchase program on Wednesday, June fifth that allows the corporate to buyback $1.00 billion in excellent shares. This buyback authorization permits the attire retailer to buy as much as 2.5% of its inventory by means of open market purchases. Inventory buyback applications are often an indication that the corporate’s management believes its shares are undervalued.
Insiders Place Their Bets
In different information, CEO Calvin Mcdonald bought 4,000 shares of the agency’s inventory in a transaction on Tuesday, September third. The shares have been purchased at a median value of $260.00 per share, for a complete transaction of $1,040,000.00. Following the completion of the acquisition, the chief government officer now instantly owns 89,922 shares of the corporate’s inventory, valued at $23,379,720. The acquisition was disclosed in a authorized submitting with the Securities & Change Fee, which is accessible by means of this hyperlink. 0.48% of the inventory is owned by insiders.
Analyst Rankings Modifications
Quite a few analysts not too long ago issued stories on the inventory. Oppenheimer reissued an “outperform” ranking and set a $445.00 value goal on shares of Lululemon Athletica in a report on Thursday, June sixth. Morgan Stanley lowered their value goal on shares of Lululemon Athletica from $329.00 to $326.00 and set an “chubby” ranking on the inventory in a report on Sunday, September 1st. UBS Group lowered their value goal on shares of Lululemon Athletica from $385.00 to $315.00 and set a “impartial” ranking on the inventory in a report on Tuesday, August twentieth. Guggenheim lowered their value goal on shares of Lululemon Athletica from $525.00 to $350.00 and set a “purchase” ranking on the inventory in a report on Friday, August thirtieth. Lastly, TD Cowen decreased their value goal on shares of Lululemon Athletica from $420.00 to $375.00 and set a “purchase” ranking for the corporate in a analysis report on Tuesday, August twenty seventh. Two analysts have rated the inventory with a promote ranking, ten have issued a maintain ranking and twenty-one have issued a purchase ranking to the corporate. Primarily based on knowledge from MarketBeat.com, Lululemon Athletica has a median ranking of “Average Purchase” and a median goal value of $354.94.
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Lululemon Athletica Firm Profile
Lululemon Athletica Inc, along with its subsidiaries, designs, distributes, and retails athletic attire, footwear, and equipment below the lululemon model for men and women. It affords pants, shorts, tops, and jackets for wholesome way of life, similar to yoga, operating, coaching, and different actions. It additionally gives fitness-inspired equipment.
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