BB&T Securities LLC purchased a new stake in Lululemon Athletica inc. (NASDAQ:LULU) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,809 shares of the apparel retailer’s stock, valued at approximately $219,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of LULU. Exane Derivatives increased its stake in Lululemon Athletica by 32,600.0% in the fourth quarter. Exane Derivatives now owns 327 shares of the apparel retailer’s stock valued at $40,000 after purchasing an additional 326 shares in the last quarter. Heritage Trust Co bought a new stake in shares of Lululemon Athletica during the fourth quarter worth about $49,000. Parkside Financial Bank & Trust increased its position in shares of Lululemon Athletica by 1,745.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 609 shares of the apparel retailer’s stock worth $74,000 after acquiring an additional 576 shares in the last quarter. Ipswich Investment Management Co. Inc. bought a new stake in shares of Lululemon Athletica during the fourth quarter worth about $112,000. Finally, Banco de Sabadell S.A bought a new stake in shares of Lululemon Athletica during the third quarter worth about $113,000. 80.56% of the stock is owned by hedge funds and other institutional investors.
Lululemon Athletica stock opened at $150.42 on Friday. Lululemon Athletica inc. has a fifty-two week low of $77.97 and a fifty-two week high of $164.79. The stock has a market cap of $19.95 billion, a P/E ratio of 58.08, a PEG ratio of 1.76 and a beta of 0.55.
Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, December 6th. The apparel retailer reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.06. Lululemon Athletica had a net margin of 12.63% and a return on equity of 30.28%. The business had revenue of $747.70 million for the quarter, compared to analysts’ expectations of $736.10 million. During the same period in the previous year, the company earned $0.56 earnings per share. The firm’s revenue for the quarter was up 20.8% compared to the same quarter last year. As a group, analysts predict that Lululemon Athletica inc. will post 3.78 EPS for the current year.
Several research firms have recently commented on LULU. MKM Partners boosted their target price on shares of Lululemon Athletica from $177.00 to $179.00 and gave the stock a “buy” rating in a research report on Wednesday, January 16th. Guggenheim reissued a “buy” rating and set a $165.00 target price on shares of Lululemon Athletica in a research report on Thursday, December 6th. BidaskClub raised shares of Lululemon Athletica from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 22nd. Wells Fargo & Co decreased their target price on shares of Lululemon Athletica from $200.00 to $175.00 and set an “outperform” rating for the company in a research report on Wednesday, January 2nd. Finally, Canaccord Genuity set a $161.00 target price on shares of Lululemon Athletica and gave the stock a “buy” rating in a research report on Saturday, December 8th. Eight investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. Lululemon Athletica presently has a consensus rating of “Buy” and an average target price of $160.94.
In other Lululemon Athletica news, major shareholder Dennis J. Wilson sold 444,389 shares of the business’s stock in a transaction dated Tuesday, January 15th. The shares were sold at an average price of $140.39, for a total value of $62,387,771.71. Following the transaction, the insider now directly owns 3,852 shares in the company, valued at $540,782.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Dennis J. Wilson sold 244,539 shares of the business’s stock in a transaction dated Monday, January 28th. The shares were sold at an average price of $149.83, for a total transaction of $36,639,278.37. Following the completion of the transaction, the insider now owns 3,852 shares in the company, valued at $577,145.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,914,928 shares of company stock worth $414,622,960. Corporate insiders own 0.32% of the company’s stock.
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Lululemon Athletica Profile
lululemon athletica inc., an athletic apparel company, 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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