Sigma Planning Corp purchased a new position in shares of Lululemon Athletica inc. (NASDAQ:LULU) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,418 shares of the apparel retailer’s stock, valued at approximately $232,000.
A number of other institutional investors and hedge funds have also bought and sold shares of LULU. AdvisorNet Financial Inc boosted its stake in shares of Lululemon Athletica by 70.8% in the 4th quarter. AdvisorNet Financial Inc now owns 205 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 85 shares in the last quarter. Semmax Financial Advisors Inc. acquired a new stake in shares of Lululemon Athletica in the 4th quarter valued at $25,000. Oregon Public Employees Retirement Fund boosted its stake in shares of Lululemon Athletica by 11,283.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,059,463 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 4,023,801 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Lululemon Athletica in the 1st quarter valued at $33,000. Finally, PRW Wealth Management LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 80.26% of the company’s stock.
Several equities research analysts have recently commented on the stock. Macquarie upgraded shares of Lululemon Athletica from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 7th. Oppenheimer boosted their target price on shares of Lululemon Athletica from $190.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Credit Suisse Group boosted their target price on shares of Lululemon Athletica from $190.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. UBS Group boosted their target price on shares of Lululemon Athletica from $176.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Finally, Barclays boosted their target price on shares of Lululemon Athletica from $200.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Eleven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $174.90.
Lululemon Athletica stock opened at $176.80 on Friday. Lululemon Athletica inc. has a 12-month low of $101.37 and a 12-month high of $179.49. The stock has a market capitalization of $22.64 billion, a P/E ratio of 46.04, a price-to-earnings-growth ratio of 2.02 and a beta of 0.53.
Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Wednesday, March 27th. The apparel retailer reported $1.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.11. The firm had revenue of $1.17 billion during 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 company’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.33 EPS. On average, research analysts predict that Lululemon Athletica inc. will post 4.65 EPS for the current fiscal year.
Lululemon Athletica announced that its Board of Directors has authorized a stock buyback program on Wednesday, March 27th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the apparel retailer to repurchase up to 2.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
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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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