Lululemon Athletica inc. (NASDAQ:LULU) Shares Purchased by Oakbrook Investments LLC
Oakbrook Investments LLC boosted its holdings in Lululemon Athletica inc. (NASDAQ:LULU) by 26.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,425 shares of the apparel retailer’s stock after buying an additional 1,325 shares during the quarter. Oakbrook Investments LLC’s holdings in Lululemon Athletica were worth $1,158,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. FMR LLC grew its position in Lululemon Athletica by 0.5% in the first quarter. FMR LLC now owns 18,492,021 shares of the apparel retailer’s stock worth $3,030,287,000 after buying an additional 97,885 shares during the last quarter. Jennison Associates LLC grew its position in Lululemon Athletica by 144.2% in the first quarter. Jennison Associates LLC now owns 6,321,172 shares of the apparel retailer’s stock worth $1,035,850,000 after buying an additional 3,732,291 shares during the last quarter. BlackRock Inc. grew its position in Lululemon Athletica by 6.3% in the first quarter. BlackRock Inc. now owns 5,896,520 shares of the apparel retailer’s stock worth $966,262,000 after buying an additional 350,808 shares during the last quarter. Norges Bank acquired a new position in Lululemon Athletica in the fourth quarter worth approximately $161,284,000. Finally, Geode Capital Management LLC grew its position in Lululemon Athletica by 4.3% in the fourth quarter. Geode Capital Management LLC now owns 1,296,806 shares of the apparel retailer’s stock worth $157,624,000 after buying an additional 53,511 shares during the last quarter. Hedge funds and other institutional investors own 81.11% of the company’s stock.
Several research firms have issued reports on LULU. UBS Group lowered shares of JinkoSolar from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $22.00 to $25.00 in a research report on Monday, June 17th. JPMorgan Chase & Co. upgraded shares of Scor from a “neutral” rating to an “overweight” rating in a research report on Thursday, June 13th. Wedbush set a $175.00 price target on shares of Lululemon Athletica and gave the stock a “hold” rating in a research report on Tuesday, June 11th. BidaskClub lowered shares of Zynga from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Finally, DA Davidson decreased their price objective on shares of Carter’s to $91.00 and set an “average” rating for the company in a research note on Tuesday, July 9th. Ten analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $190.34.
Shares of NASDAQ:LULU traded down $0.60 during trading on Friday, reaching $190.61. 898,957 shares of the company traded hands, compared to its average volume of 1,490,667. The company has a fifty day simple moving average of $182.93. The firm has a market cap of $24.83 billion, a price-to-earnings ratio of 49.64, a P/E/G ratio of 2.21 and a beta of 0.64. Lululemon Athletica inc. has a 1-year low of $110.71 and a 1-year high of $193.71. The company has a current ratio of 2.33, a quick ratio of 1.45 and a debt-to-equity ratio of 0.39.
Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Wednesday, June 12th. The apparel retailer reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The company had revenue of $782.30 million during the quarter, compared to analyst estimates of $755.92 million. Lululemon Athletica had a net margin of 14.77% and a return on equity of 38.77%. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS. As a group, research analysts anticipate that Lululemon Athletica inc. will post 4.7 EPS for the current fiscal year.
Lululemon Athletica Company Profile
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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