Logan Capital Management Inc. Holds Position in lululemon athletica inc. (LULU)
Logan Capital Management Inc. held its position in lululemon athletica inc. (NASDAQ:LULU) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,949 shares of the apparel retailer’s stock at the end of the 2nd quarter. Logan Capital Management Inc.’s holdings in lululemon athletica inc. were worth $1,071,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of lululemon athletica inc. by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 7,850,066 shares of the apparel retailer’s stock worth $468,413,000 after acquiring an additional 233,035 shares during the period. BlackRock Inc. lifted its position in lululemon athletica inc. by 4.4% in 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 boosted its stake 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 buying an additional 741,200 shares in the last quarter. Eaton Vance Management acquired a new stake in lululemon athletica inc. during the second quarter worth $126,967,000. Finally, State Street Corp boosted its stake 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 buying an additional 65,889 shares in the last quarter. 80.43% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on the stock. BMO Capital Markets set a $55.00 price objective on shares of lululemon athletica inc. and gave the stock a “hold” rating in a report on Tuesday, August 8th. Robert W. Baird reiterated a “buy” rating and set a $72.00 target price on shares of lululemon athletica inc. in a research report on Wednesday. Stifel Nicolaus cut shares of lululemon athletica inc. from a “buy” rating to a “hold” rating and upped their target price for the company from $60.00 to $66.00 in a research note on Tuesday, July 25th. They noted that the move was a valuation call. Cowen and Company reissued an “outperform” rating and issued a $67.00 target price (up previously from $64.00) on shares of lululemon athletica inc. in a research note on Saturday, July 22nd. Finally, Sanford C. Bernstein started coverage on shares of lululemon athletica inc. in a research report on Tuesday, September 12th. They issued a “market perform” rating and a $66.00 price target for the company. 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 issued a strong buy rating to the company. lululemon athletica inc. presently has a consensus rating of “Hold” and a consensus target price of $65.76.
Shares of lululemon athletica inc. (LULU) traded up 0.313% during midday trading on Wednesday, hitting $62.415. The stock had a trading volume of 130,097 shares. The stock’s 50-day moving average price is $60.10 and its 200 day moving average price is $56.62. lululemon athletica inc. has a 52 week low of $47.26 and a 52 week high of $72.70. The company has a market cap of $8.45 billion, a price-to-earnings ratio of 30.123 and a beta of 0.20.
lululemon athletica inc. (NASDAQ:LULU) last released its earnings results on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $581.10 million for the quarter, compared to analysts’ expectations of $567.40 million. During the same period in the previous year, the company earned $0.38 earnings per share. The company’s quarterly revenue was up 12.9% on a year-over-year basis. On average, equities analysts forecast that lululemon athletica inc. will post $2.41 earnings per share for the current year.
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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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