DNB Asset Management AS boosted its holdings in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 12.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,915 shares of the apparel retailer’s stock after buying an additional 1,294 shares during the period. DNB Asset Management AS’s holdings in Lululemon Athletica were worth $2,294,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Virtus ETF Advisers LLC acquired a new stake in Lululemon Athletica during the second quarter worth $27,000. SevenBridge Financial Group LLC acquired a new stake in shares of Lululemon Athletica in the 2nd quarter valued at $35,000. Cordasco Financial Network acquired a new stake in shares of Lululemon Athletica in the 2nd quarter valued at $36,000. Winslow Evans & Crocker Inc. boosted its stake in shares of Lululemon Athletica by 2,000.0% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 210 shares of the apparel retailer’s stock valued at $38,000 after purchasing an additional 200 shares in the last quarter. Finally, Motco acquired a new stake in shares of Lululemon Athletica in the 2nd quarter valued at $38,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.
LULU has been the topic of several recent analyst reports. Citigroup restated a “buy” rating on shares of Lululemon Athletica in a research note on Friday, September 6th. Deutsche Bank boosted their target price on shares of Lululemon Athletica from $205.00 to $216.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Cowen boosted their target price on shares of Lululemon Athletica from $214.00 to $235.00 and gave the company an “outperform” rating in a research note on Tuesday, September 17th. ValuEngine downgraded shares of Lululemon Athletica from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, DA Davidson restated a “neutral” rating and issued a $185.00 target price on shares of Lululemon Athletica in a research note on Friday, September 6th. Twelve research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $206.71.
Lululemon Athletica stock opened at $207.11 on Friday. The stock has a 50-day simple moving average of $193.67 and a 200 day simple moving average of $181.75. The company has a quick ratio of 1.52, a current ratio of 2.41 and a debt-to-equity ratio of 0.38. Lululemon Athletica inc. has a 12-month low of $110.71 and a 12-month high of $209.02. The stock has a market capitalization of $26.70 billion, a price-to-earnings ratio of 53.93, a P/E/G ratio of 2.38 and a beta of 0.66.
Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, September 5th. The apparel retailer reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.07. Lululemon Athletica had a return on equity of 39.54% and a net margin of 14.93%. The business had revenue of $883.35 million during the quarter, compared to analysts’ expectations of $845.03 million. During the same period in the previous year, the business posted $0.71 earnings per share. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lululemon Athletica inc. will post 4.74 EPS for the current year.
About Lululemon Athletica
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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