D.B. Root & Company LLC Has $869,000 Position in Lululemon Athletica inc. (NASDAQ:LULU)

D.B. Root & Company LLC increased its stake in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 3.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,301 shares of the apparel retailer’s stock after buying an additional 166 shares during the quarter. D.B. Root & Company LLC’s holdings in Lululemon Athletica were worth $869,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Lululemon Athletica by 10.6% during the 3rd quarter. Vanguard Group Inc. now owns 9,411,318 shares of the apparel retailer’s stock valued at $1,529,244,000 after acquiring an additional 899,080 shares during the last quarter. Vanguard Group Inc raised its stake in Lululemon Athletica by 10.6% during the 3rd quarter. Vanguard Group Inc now owns 9,411,318 shares of the apparel retailer’s stock valued at $1,529,244,000 after acquiring an additional 899,080 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Lululemon Athletica by 11,283.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,059,463 shares of the apparel retailer’s stock worth $33,000 after buying an additional 4,023,801 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Lululemon Athletica by 12.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,873,494 shares of the apparel retailer’s stock worth $466,913,000 after buying an additional 328,478 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Lululemon Athletica by 32.2% during the 3rd quarter. AQR Capital Management LLC now owns 2,830,681 shares of the apparel retailer’s stock worth $459,958,000 after buying an additional 688,881 shares in the last quarter. Hedge funds and other institutional investors own 80.21% of the company’s stock.

In other Lululemon Athletica news, Director Dennis J. Wilson sold 288,856 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $155.79, for a total value of $45,000,876.24. Following the transaction, the director now owns 3,852 shares of the company’s stock, valued at $600,103.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dennis J. Wilson sold 155,800 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $144.43, for a total value of $22,502,194.00. Following the completion of the transaction, the director now directly owns 3,852 shares in the company, valued at approximately $556,344.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 519,344 shares of company stock worth $79,873,942. 0.32% of the stock is owned by corporate insiders.

LULU opened at $178.64 on Friday. The company has a market cap of $23.39 billion, a PE ratio of 46.28, a price-to-earnings-growth ratio of 2.09 and a beta of 0.53. Lululemon Athletica inc. has a twelve month low of $95.39 and a twelve month high of $179.49.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Wednesday, March 27th. The apparel retailer reported $1.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.11. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Lululemon Athletica had a return on equity of 35.49% and a net margin of 14.71%. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 earnings per share. On average, sell-side analysts forecast that Lululemon Athletica inc. will post 4.65 EPS for the current year.

Lululemon Athletica declared that its board has authorized a stock repurchase program on Wednesday, March 27th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the apparel retailer to repurchase up to 2.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

A number of research firms recently weighed in on LULU. Wells Fargo & Co upped their price target on Lululemon Athletica from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Credit Suisse Group increased their target price on Lululemon Athletica from $190.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Morgan Stanley raised their price objective on Lululemon Athletica from $150.00 to $160.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. UBS Group increased their target price on Lululemon Athletica from $176.00 to $182.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Finally, Barclays increased their target price on Lululemon Athletica from $200.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Ten research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. Lululemon Athletica currently has an average rating of “Buy” and an average price target of $174.90.

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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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