GWM Advisors LLC Cuts Position in Lululemon Athletica inc. (NASDAQ:LULU)
GWM Advisors LLC decreased its holdings in Lululemon Athletica inc. (NASDAQ:LULU) by 53.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,395 shares of the apparel retailer’s stock after selling 3,893 shares during the quarter. GWM Advisors LLC’s holdings in Lululemon Athletica were worth $612,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the business. Meeder Asset Management Inc. increased its position in shares of Lululemon Athletica by 21.4% in the second quarter. Meeder Asset Management Inc. now owns 13,789 shares of the apparel retailer’s stock valued at $2,486,000 after buying an additional 2,431 shares in the last quarter. Vanguard Capital Wealth Advisors increased its position in shares of Lululemon Athletica by 17.7% in the second quarter. Vanguard Capital Wealth Advisors now owns 8,814 shares of the apparel retailer’s stock valued at $1,588,000 after buying an additional 1,325 shares in the last quarter. Eagle Asset Management Inc. increased its position in shares of Lululemon Athletica by 1.8% in the second quarter. Eagle Asset Management Inc. now owns 727,179 shares of the apparel retailer’s stock valued at $131,044,000 after buying an additional 13,170 shares in the last quarter. Institute for Wealth Management LLC. purchased a new position in shares of Lululemon Athletica in the second quarter valued at $253,000. Finally, Qube Research & Technologies Ltd increased its position in shares of Lululemon Athletica by 153.6% in the second quarter. Qube Research & Technologies Ltd now owns 7,975 shares of the apparel retailer’s stock valued at $1,437,000 after buying an additional 4,830 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.
A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price target on Lululemon Athletica from $197.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, June 13th. DA Davidson dropped their price target on Lululemon Athletica to $175.00 and set an “average” rating for the company in a research report on Tuesday, July 9th. UBS Group raised their price target on Lululemon Athletica from $182.00 to $186.00 and gave the company a “neutral” rating in a research report on Monday, June 17th. Royal Bank of Canada restated an “equal weight” rating on shares of Lululemon Athletica in a research report on Friday, June 14th. Finally, Guggenheim reaffirmed a “buy” rating and set a $200.00 price objective on shares of Lululemon Athletica in a research note on Thursday, June 13th. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $192.89.
NASDAQ:LULU traded up $1.11 during mid-day trading on Thursday, reaching $184.44. The company’s stock had a trading volume of 109,135 shares, compared to its average volume of 1,286,041. The company’s fifty day simple moving average is $184.56 and its two-hundred day simple moving average is $169.31. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.33 and a quick ratio of 1.45. Lululemon Athletica inc. has a twelve month low of $110.71 and a twelve month high of $194.25. The stock has a market cap of $23.28 billion, a P/E ratio of 48.03, a P/E/G ratio of 2.07 and a beta of 0.62.
Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Wednesday, June 12th. The apparel retailer reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. Lululemon Athletica had a return on equity of 38.77% and a net margin of 14.77%. The firm had revenue of $782.30 million for the quarter, compared to analyst estimates of $755.92 million. During the same period last year, the company earned $0.55 EPS. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. Sell-side analysts expect that Lululemon Athletica inc. will post 4.7 EPS for the current fiscal year.
Lululemon Athletica 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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