KG&L Capital Management LLC Acquires 200 Shares of Lululemon Athletica inc. (NASDAQ:LULU)

KG&L Capital Management LLC increased its holdings in Lululemon Athletica inc. (NASDAQ:LULU) by 5.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,200 shares of the apparel retailer’s stock after purchasing an additional 200 shares during the quarter. KG&L Capital Management LLC’s holdings in Lululemon Athletica were worth $808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. FMR LLC boosted its position in Lululemon Athletica by 0.5% during the 1st quarter. FMR LLC now owns 18,492,021 shares of the apparel retailer’s stock valued at $3,030,287,000 after acquiring an additional 97,885 shares in the last quarter. Vanguard Group Inc. boosted its position in Lululemon Athletica by 5.4% during the 2nd quarter. Vanguard Group Inc. now owns 10,063,552 shares of the apparel retailer’s stock valued at $1,813,552,000 after acquiring an additional 519,269 shares in the last quarter. Jennison Associates LLC boosted its position in Lululemon Athletica by 39.6% during the 2nd quarter. Jennison Associates LLC now owns 8,825,496 shares of the apparel retailer’s stock valued at $1,590,443,000 after acquiring an additional 2,504,324 shares in the last quarter. BlackRock Inc. boosted its position in Lululemon Athletica by 16.8% during the 2nd quarter. BlackRock Inc. now owns 6,886,727 shares of the apparel retailer’s stock valued at $1,241,057,000 after acquiring an additional 990,207 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Lululemon Athletica by 31.2% during the 2nd quarter. Invesco Ltd. now owns 1,750,678 shares of the apparel retailer’s stock valued at $315,490,000 after acquiring an additional 416,753 shares in the last quarter. 81.00% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have weighed in on LULU. DA Davidson reaffirmed a “neutral” rating and set a $185.00 price objective on shares of Lululemon Athletica in a research report on Friday, September 6th. Guggenheim reissued a “buy” rating and issued a $220.00 price target on shares of Lululemon Athletica in a research report on Thursday, September 5th. Morgan Stanley boosted their price target on Lululemon Athletica from $163.00 to $169.00 and gave the stock an “equal weight” rating in a research report on Friday, September 6th. Argus boosted their price target on Lululemon Athletica to $200.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Finally, Royal Bank of Canada reissued an “equal weight” rating on shares of Lululemon Athletica in a research report on Friday, June 14th. Twelve research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $206.71.

NASDAQ LULU traded up $3.49 during mid-day trading on Friday, reaching $201.62. The stock had a trading volume of 2,285,333 shares, compared to its average volume of 1,525,530. Lululemon Athletica inc. has a 1 year low of $110.71 and a 1 year high of $204.44. The stock has a market cap of $24.93 billion, a PE ratio of 52.51, a price-to-earnings-growth ratio of 2.22 and a beta of 0.66. The company has a fifty day moving average price of $190.13 and a 200 day moving average price of $179.71. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.41 and a quick ratio of 1.52.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, September 5th. The apparel retailer reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.07. Lululemon Athletica had a net margin of 14.93% and a return on equity of 39.54%. The company had revenue of $883.35 million during the quarter, compared to analyst estimates of $845.03 million. During the same period in the previous year, the business earned $0.71 EPS. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. As a group, equities research analysts expect that Lululemon Athletica inc. will post 4.74 earnings per share for the current year.

In other Lululemon Athletica news, Director Dennis J. Wilson sold 99,133 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $201.79, for a total transaction of $20,004,048.07. Following the completion of the sale, the director now directly owns 3,852 shares in the company, valued at approximately $777,295.08. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Dennis J. Wilson sold 164,061 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $182.89, for a total transaction of $30,005,116.29. Following the sale, the director now owns 3,852 shares of the company’s stock, valued at $704,492.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 420,548 shares of company stock valued at $79,395,186. Company insiders own 0.34% of the company’s stock.

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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Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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