Burney Co. purchased a new stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 44,680 shares of the apparel retailer's stock, valued at approximately $12,647,000.
Other large investors have also modified their holdings of the company. Cornerstone Planning Group LLC boosted its holdings in shares of lululemon athletica by 506.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock valued at $26,000 after purchasing an additional 81 shares during the last quarter. Anderson Financial Strategies LLC purchased a new position in shares of lululemon athletica in the 4th quarter valued at $30,000. Garde Capital Inc. purchased a new position in shares of lululemon athletica in the 1st quarter valued at $35,000. MV Capital Management Inc. raised its stake in shares of lululemon athletica by 66.1% in the 4th quarter. MV Capital Management Inc. now owns 93 shares of the apparel retailer's stock valued at $36,000 after acquiring an additional 37 shares during the period. Finally, CENTRAL TRUST Co raised its stake in shares of lululemon athletica by 154.9% in the 1st quarter. CENTRAL TRUST Co now owns 130 shares of the apparel retailer's stock valued at $37,000 after acquiring an additional 79 shares during the period. 85.20% of the stock is currently owned by institutional investors and hedge funds.
lululemon athletica Stock Performance
NASDAQ LULU traded up $0.74 during trading hours on Friday, hitting $219.43. The company had a trading volume of 2,627,598 shares, compared to its average volume of 2,563,493. lululemon athletica inc. has a 52 week low of $216.49 and a 52 week high of $423.32. The firm has a 50 day simple moving average of $262.08 and a 200 day simple moving average of $307.52. The firm has a market capitalization of $26.30 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 1.90 and a beta of 1.17.
lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, hitting the consensus estimate of $2.60. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%. The firm's revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.54 EPS. On average, research analysts forecast that lululemon athletica inc. will post 14.36 earnings per share for the current year.
Insider Buying and Selling at lululemon athletica
In related news, CEO Calvin Mcdonald sold 27,049 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the transaction, the chief executive officer directly owned 110,564 shares of the company's stock, valued at approximately $26,058,829.16. This trade represents a 19.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.54% of the company's stock.
Wall Street Analyst Weigh In
Several research firms recently issued reports on LULU. Argus downgraded shares of lululemon athletica from a "buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Stifel Nicolaus decreased their price target on shares of lululemon athletica from $353.00 to $324.00 and set a "buy" rating for the company in a report on Friday, June 6th. CICC Research reissued a "market perform" rating and set a $280.49 target price on shares of lululemon athletica in a research note on Monday, June 9th. KeyCorp reduced their target price on shares of lululemon athletica from $400.00 to $350.00 and set an "overweight" rating for the company in a research note on Friday, June 6th. Finally, JPMorgan Chase & Co. lowered shares of lululemon athletica from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $303.00 to $224.00 in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $337.53.
Get Our Latest Analysis on lululemon athletica
About lululemon athletica
(
Free Report)
Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.
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