lululemon athletica inc. (NASDAQ:LULU) Position Cut by KCG Holdings Inc.
KCG Holdings Inc. reduced its position in shares of lululemon athletica inc. (NASDAQ:LULU) by 21.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,929 shares of the apparel retailer’s stock after selling 3,015 shares during the period. KCG Holdings Inc.’s holdings in lululemon athletica inc. were worth $567,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of lululemon athletica inc. by 4,791.0% in the first quarter. BlackRock Inc. now owns 5,145,308 shares of the apparel retailer’s stock valued at $266,888,000 after buying an additional 5,040,109 shares in the last quarter. Norges Bank bought a new position in shares of lululemon athletica inc. during the fourth quarter valued at $78,954,000. Renaissance Technologies LLC boosted its position in shares of lululemon athletica inc. by 172.4% in the first quarter. Renaissance Technologies LLC now owns 1,197,100 shares of the apparel retailer’s stock valued at $62,094,000 after buying an additional 757,600 shares in the last quarter. HS Management Partners LLC boosted its position in shares of lululemon athletica inc. by 17.9% in the first quarter. HS Management Partners LLC now owns 2,034,286 shares of the apparel retailer’s stock valued at $105,518,000 after buying an additional 309,212 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of lululemon athletica inc. by 55.2% in the first quarter. Morgan Stanley now owns 821,041 shares of the apparel retailer’s stock valued at $42,587,000 after buying an additional 292,183 shares in the last quarter. 79.67% of the stock is currently owned by institutional investors and hedge funds.
lululemon athletica inc. (LULU) traded down 1.19% during trading on Thursday, hitting $60.50. The stock had a trading volume of 1,542,829 shares. lululemon athletica inc. has a 52-week low of $47.26 and a 52-week high of $81.81. The company has a market cap of $7.68 billion, a price-to-earnings ratio of 28.67 and a beta of 0.24. The company has a 50-day moving average price of $58.09 and a 200-day moving average price of $58.47.
lululemon athletica inc. (NASDAQ:LULU) last issued its earnings results on Thursday, June 1st. The apparel retailer reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.04. The business had revenue of $520.30 million for the quarter, compared to analyst estimates of $513.99 million. lululemon athletica inc. had a net margin of 12.21% and a return on equity of 23.43%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company posted $0.33 earnings per share. Equities research analysts forecast that lululemon athletica inc. will post $2.34 EPS for the current year.
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LULU has been the subject of several analyst reports. Cowen and Company set a $64.00 price objective on lululemon athletica inc. and gave the company a “buy” rating in a report on Thursday, April 20th. Vetr raised lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $53.94 price objective for the company in a report on Monday, May 1st. Stifel Nicolaus raised lululemon athletica inc. from a “hold” rating to a “buy” rating in a report on Tuesday, April 18th. Zacks Investment Research cut lululemon athletica inc. from a “hold” rating to a “sell” rating in a report on Tuesday, May 23rd. Finally, Credit Suisse Group reissued a “hold” rating and set a $56.00 price target on shares of lululemon athletica inc. in a report on Wednesday, May 17th. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $64.80.
In related news, Director Glenn Murphy bought 97,728 shares of lululemon athletica inc. stock in a transaction dated Monday, June 26th. The shares were acquired at an average cost of $55.50 per share, with a total value of $5,423,904.00. Following the completion of the transaction, the director now owns 100,344 shares in the company, valued at approximately $5,569,092. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.29% of the company’s stock.
About lululemon athletica inc.
lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements.
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