Segantii Capital Management Ltd decreased its holdings in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 43.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,000 shares of the apparel retailer’s stock after selling 49,150 shares during the quarter. Lululemon Athletica comprises approximately 1.0% of Segantii Capital Management Ltd’s investment portfolio, making the stock its 14th biggest holding. Segantii Capital Management Ltd’s holdings in Lululemon Athletica were worth $11,714,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of LULU. Convergence Investment Partners LLC bought a new position in Lululemon Athletica during the 2nd quarter worth approximately $564,000. Commerzbank Aktiengesellschaft FI boosted its stake in Lululemon Athletica by 34.6% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 20,864 shares of the apparel retailer’s stock worth $3,760,000 after acquiring an additional 5,367 shares during the last quarter. Waratah Capital Advisors Ltd. bought a new position in Lululemon Athletica during the 2nd quarter worth approximately $26,278,000. World Asset Management Inc boosted its stake in Lululemon Athletica by 5.8% during the 2nd quarter. World Asset Management Inc now owns 5,890 shares of the apparel retailer’s stock worth $1,061,000 after acquiring an additional 325 shares during the last quarter. Finally, Strategic Investment Advisors MI boosted its stake in Lululemon Athletica by 12.6% during the 2nd quarter. Strategic Investment Advisors MI now owns 1,710 shares of the apparel retailer’s stock worth $307,000 after acquiring an additional 192 shares during the last quarter. Institutional investors own 81.13% of the company’s stock.
Several research analysts recently weighed in on LULU shares. DA Davidson reduced their price objective on shares of Lululemon Athletica to $175.00 and set an “average” rating on the stock in a research note on Tuesday, July 9th. BidaskClub raised shares of Lululemon Athletica from a “hold” rating to a “buy” rating in a research note on Tuesday, June 18th. JPMorgan Chase & Co. lifted their price target on shares of Lululemon Athletica from $197.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, June 13th. Argus lifted their price target on shares of Lululemon Athletica to $200.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Finally, B. Riley lifted their price target on shares of Lululemon Athletica from $160.00 to $165.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. Ten analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $190.34.
Shares of LULU stock traded down $6.52 during trading on Friday, reaching $178.93. The company’s stock had a trading volume of 1,935,019 shares, compared to its average volume of 1,298,341. The firm’s fifty day moving average is $185.26. The company has a current ratio of 2.33, a quick ratio of 1.45 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $24.89 billion, a P/E ratio of 46.60, a price-to-earnings-growth ratio of 2.21 and a beta of 0.62. Lululemon Athletica inc. has a one year low of $110.71 and a one year high of $194.25.
Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Wednesday, June 12th. The apparel retailer reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.04. The business had revenue of $782.30 million for the quarter, compared to the consensus estimate of $755.92 million. Lululemon Athletica had a net margin of 14.77% and a return on equity of 38.77%. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.55 earnings per share. On average, equities analysts forecast that Lululemon Athletica inc. will post 4.7 EPS for the current fiscal year.
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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