Lodge Hill Capital LLC Acquires New Stake in lululemon athletica inc. (LULU)
Lodge Hill Capital LLC acquired a new position in shares of lululemon athletica inc. (NASDAQ:LULU) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 670,000 shares of the apparel retailer’s stock, valued at approximately $39,978,000. lululemon athletica inc. accounts for 3.0% of Lodge Hill Capital LLC’s investment portfolio, making the stock its 10th biggest holding. Lodge Hill Capital LLC owned 0.49% of lululemon athletica inc. at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in lululemon athletica inc. by 3.1% during the second quarter. Vanguard Group Inc. now owns 7,850,066 shares of the apparel retailer’s stock worth $468,413,000 after purchasing an additional 233,035 shares during the period. BlackRock Inc. lifted its position in lululemon athletica inc. by 4.4% during the second quarter. BlackRock Inc. now owns 5,373,376 shares of the apparel retailer’s stock worth $320,629,000 after purchasing an additional 228,068 shares during the period. HS Management Partners LLC lifted its position in lululemon athletica inc. by 36.4% during the second quarter. HS Management Partners LLC now owns 2,775,486 shares of the apparel retailer’s stock worth $165,613,000 after purchasing an additional 741,200 shares during the period. Eaton Vance Management bought a new stake in lululemon athletica inc. during the second quarter worth about $126,967,000. Finally, State Street Corp lifted its position in lululemon athletica inc. by 3.2% during the first quarter. State Street Corp now owns 2,096,308 shares of the apparel retailer’s stock worth $108,737,000 after purchasing an additional 65,889 shares during the period. 79.45% of the stock is owned by institutional investors and hedge funds.
In other lululemon athletica inc. news, Director Glenn Murphy bought 97,728 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The stock was purchased at an average price of $55.50 per share, for a total transaction of $5,423,904.00. Following the completion of the transaction, the director now owns 100,344 shares of the company’s stock, valued at approximately $5,569,092. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.29% of the company’s stock.
Several equities research analysts recently weighed in on LULU shares. Stifel Nicolaus set a $60.00 price objective on shares of lululemon athletica inc. and gave the stock a “buy” rating in a research report on Sunday, May 28th. Credit Suisse Group reissued a “neutral” rating and issued a $56.00 target price on shares of lululemon athletica inc. in a report on Tuesday, May 30th. UBS AG reissued a “neutral” rating and issued a $54.00 target price (down previously from $57.00) on shares of lululemon athletica inc. in a report on Tuesday, May 30th. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $51.00 target price (down previously from $57.00) on shares of lululemon athletica inc. in a report on Wednesday, May 31st. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $58.00 target price (up previously from $56.00) on shares of lululemon athletica inc. in a report on Friday, June 2nd. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. lululemon athletica inc. currently has an average rating of “Hold” and an average price target of $65.71.
Shares of lululemon athletica inc. (NASDAQ:LULU) traded down 0.78% on Friday, hitting $58.14. The stock had a trading volume of 1,513,759 shares. The firm has a 50-day moving average price of $60.45 and a 200-day moving average price of $56.95. The stock has a market capitalization of $7.87 billion, a P/E ratio of 28.06 and a beta of 0.22. lululemon athletica inc. has a 52 week low of $47.26 and a 52 week high of $72.70.
lululemon athletica inc. (NASDAQ:LULU) last released its earnings results on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.04. lululemon athletica inc. had a return on equity of 22.51% and a net margin of 11.68%. The firm had revenue of $581.10 million during the quarter, compared to analysts’ expectations of $567.40 million. During the same quarter last year, the business posted $0.38 earnings per share. The firm’s revenue was up 12.9% on a year-over-year basis. Equities analysts expect that lululemon athletica inc. will post $2.41 earnings per share for the current fiscal year.
lululemon athletica inc. Profile
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.
Want to see what other hedge funds are holding LULU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for lululemon athletica inc. (NASDAQ:LULU).
Receive News & Stock Ratings for lululemon athletica inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for lululemon athletica inc. and related stocks with our FREE daily email newsletter.