126,400 Shares in lululemon athletica inc. (LULU) Acquired by Cowen Inc.
Cowen Inc. purchased a new stake in lululemon athletica inc. (NASDAQ:LULU) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 126,400 shares of the apparel retailer’s stock, valued at approximately $7,869,000. Cowen Inc. owned 0.09% of lululemon athletica at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LULU. Dimensional Fund Advisors LP boosted its stake in lululemon athletica by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 284,524 shares of the apparel retailer’s stock valued at $14,755,000 after purchasing an additional 6,448 shares during the period. Russell Investments Group Ltd. lifted its position in shares of lululemon athletica by 77.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 190,439 shares of the apparel retailer’s stock valued at $11,363,000 after acquiring an additional 83,300 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of lululemon athletica by 6.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 23,918 shares of the apparel retailer’s stock valued at $1,427,000 after acquiring an additional 1,449 shares during the period. CIBC Asset Management Inc bought a new stake in shares of lululemon athletica during the 2nd quarter valued at $291,000. Finally, State of New Jersey Common Pension Fund D lifted its position in shares of lululemon athletica by 11.4% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 49,000 shares of the apparel retailer’s stock valued at $2,924,000 after acquiring an additional 5,000 shares during the period. Institutional investors and hedge funds own 79.45% of the company’s stock.
lululemon athletica inc. (NASDAQ:LULU) opened at $67.66 on Thursday. lululemon athletica inc. has a fifty-two week low of $47.26 and a fifty-two week high of $72.70. The stock has a market capitalization of $8,983.88, a PE ratio of 30.44, a price-to-earnings-growth ratio of 2.46 and a beta of 0.19.
lululemon athletica (NASDAQ:LULU) last issued its earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.04. lululemon athletica had a return on equity of 22.51% and a net margin of 11.68%. The business had revenue of $619.00 million during the quarter, compared to analysts’ expectations of $610.56 million. During the same quarter in the prior year, the firm earned $0.50 EPS. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. equities research analysts predict that lululemon athletica inc. will post 2.43 earnings per share for the current year.
A number of analysts have recently weighed in on LULU shares. Needham & Company LLC set a $69.00 target price on lululemon athletica and gave the company a “buy” rating in a research report on Monday, October 16th. KeyCorp reiterated a “hold” rating on shares of lululemon athletica in a research report on Friday, August 25th. J P Morgan Chase & Co reiterated a “buy” rating and set a $71.00 target price on shares of lululemon athletica in a research report on Friday, September 1st. Zacks Investment Research upgraded lululemon athletica from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research report on Wednesday, September 6th. Finally, Jefferies Group reiterated a “hold” rating and set a $60.00 target price (up from $56.00) on shares of lululemon athletica in a research report on Friday, September 1st. Five analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $66.10.
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About lululemon athletica
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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