lululemon athletica inc. (LULU) Shares Sold by Macquarie Group Ltd.
Macquarie Group Ltd. reduced its holdings in lululemon athletica inc. (NASDAQ:LULU) by 93.0% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,313 shares of the apparel retailer’s stock after selling 111,215 shares during the quarter. Macquarie Group Ltd.’s holdings in lululemon athletica inc. were worth $496,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Exane Derivatives bought a new position in lululemon athletica inc. in the 2nd quarter worth about $106,000. Global X Management Co. LLC increased its stake in lululemon athletica inc. by 39.7% in the 2nd quarter. Global X Management Co. LLC now owns 2,532 shares of the apparel retailer’s stock worth $151,000 after acquiring an additional 719 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in lululemon athletica inc. by 40.0% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,500 shares of the apparel retailer’s stock worth $182,000 after acquiring an additional 1,000 shares during the last quarter. Suntrust Banks Inc. increased its stake in lululemon athletica inc. by 5.9% in the 2nd quarter. Suntrust Banks Inc. now owns 4,239 shares of the apparel retailer’s stock worth $252,000 after acquiring an additional 237 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new position in lululemon athletica inc. in the 2nd quarter worth about $280,000. Institutional investors and hedge funds own 80.29% of the company’s stock.
Shares of lululemon athletica inc. (LULU) opened at 61.72 on Tuesday. lululemon athletica inc. has a 52 week low of $47.26 and a 52 week high of $72.70. The stock has a market capitalization of $8.36 billion, a P/E ratio of 29.79 and a beta of 0.20. The firm’s 50-day moving average price is $60.87 and its 200 day moving average price is $57.31.
lululemon athletica inc. (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The business had revenue of $581.10 million for the quarter, compared to the consensus estimate of $567.40 million. lululemon athletica inc. had a return on equity of 22.51% and a net margin of 11.68%. The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 earnings per share. Analysts expect that lululemon athletica inc. will post $2.41 earnings per share for the current year.
A number of brokerages have weighed in on LULU. KeyCorp restated a “hold” rating on shares of lululemon athletica inc. in a research note on Friday. Citigroup Inc. upgraded lululemon athletica inc. from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $61.50 to $60.09 in a report on Friday, October 20th. Canaccord Genuity set a $43.00 price objective on lululemon athletica inc. and gave the stock a “sell” rating in a report on Monday, October 16th. SunTrust Banks, Inc. set a $69.00 price objective on lululemon athletica inc. and gave the stock a “buy” rating in a report on Monday, October 16th. Finally, Needham & Company LLC set a $69.00 price objective on lululemon athletica inc. and gave the stock a “buy” rating in a report on Monday, October 16th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. lululemon athletica inc. presently has a consensus rating of “Hold” and an average target price of $65.67.
About lululemon athletica inc.
lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements.
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