potrero capital research llc Acquires 11,000 Shares of lululemon athletica inc. (LULU)
potrero capital research llc raised its holdings in shares of lululemon athletica inc. (NASDAQ:LULU) by 14.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,100 shares of the apparel retailer’s stock after purchasing an additional 11,000 shares during the period. lululemon athletica inc. accounts for about 4.7% of potrero capital research llc’s holdings, making the stock its 7th largest holding. potrero capital research llc owned about 0.06% of lululemon athletica inc. worth $5,078,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Lodge Hill Capital LLC bought a new position in lululemon athletica inc. during the 2nd quarter valued at approximately $39,978,000. Parametric Portfolio Associates LLC raised its position in lululemon athletica inc. by 108.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 141,851 shares of the apparel retailer’s stock valued at $8,464,000 after purchasing an additional 73,887 shares during the last quarter. Advisor Group Inc. raised its position in lululemon athletica inc. by 117.0% during the 2nd quarter. Advisor Group Inc. now owns 5,515 shares of the apparel retailer’s stock valued at $330,000 after purchasing an additional 2,974 shares during the last quarter. Suntrust Banks Inc. raised its position in lululemon athletica inc. by 5.9% during the 2nd quarter. Suntrust Banks Inc. now owns 4,239 shares of the apparel retailer’s stock valued at $252,000 after purchasing an additional 237 shares during the last quarter. Finally, Zevenbergen Capital Investments LLC raised its position in lululemon athletica inc. by 16.0% during the 2nd quarter. Zevenbergen Capital Investments LLC now owns 636,825 shares of the apparel retailer’s stock valued at $37,999,000 after purchasing an additional 87,830 shares during the last quarter. 79.45% of the stock is owned by institutional investors and hedge funds.
Shares of lululemon athletica inc. (NASDAQ:LULU) traded down 0.78% during trading on Friday, reaching $58.14. The company had a trading volume of 1,513,759 shares. The company’s 50 day moving average is $60.45 and its 200-day moving average is $56.95. lululemon athletica inc. has a 1-year low of $47.26 and a 1-year high of $72.70. The stock has a market capitalization of $7.87 billion, a price-to-earnings ratio of 28.06 and a beta of 0.22.
lululemon athletica inc. (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, August 31st. The apparel retailer reported $0.39 EPS for the quarter, beating the consensus estimate of $0.35 by $0.04. lululemon athletica inc. had a net margin of 11.68% and a return on equity of 22.51%. The company had revenue of $581.10 million for the quarter, compared to analyst estimates of $567.40 million. During the same period in the prior year, the company earned $0.38 earnings per share. The firm’s revenue was up 12.9% on a year-over-year basis. On average, equities research analysts anticipate that lululemon athletica inc. will post $2.41 earnings per share for the current year.
In other lululemon athletica inc. news, Director Glenn Murphy purchased 97,728 shares of the stock in a transaction on Monday, June 26th. The shares were bought at an average cost of $55.50 per share, with a total value of $5,423,904.00. Following the completion of the acquisition, the director now owns 100,344 shares in the company, valued at $5,569,092. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is currently owned by corporate insiders.
A number of research analysts have commented on the company. BMO Capital Markets set a $55.00 price target on lululemon athletica inc. and gave the company a “hold” rating in a research report on Tuesday, August 8th. Stifel Nicolaus lowered lululemon athletica inc. from a “buy” rating to a “hold” rating and upped their price target for the company from $60.00 to $66.00 in a research report on Tuesday, July 25th. They noted that the move was a valuation call. Cowen and Company reaffirmed an “outperform” rating and set a $67.00 price target (up previously from $64.00) on shares of lululemon athletica inc. in a research report on Saturday, July 22nd. Sanford C. Bernstein assumed coverage on lululemon athletica inc. in a research report on Tuesday, September 12th. They set a “market perform” rating and a $66.00 price target for the company. Finally, Zacks Investment Research lowered lululemon athletica inc. from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. lululemon athletica inc. currently has an average rating of “Hold” and an average target price of $65.71.
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lululemon athletica inc. Company 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.
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