Chickasaw Capital Management LLC lessened its stake in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 17.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,300 shares of the apparel retailer’s stock after selling 900 shares during the period. Chickasaw Capital Management LLC’s holdings in Lululemon Athletica were worth $338,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Lululemon Athletica by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 7,850,066 shares of the apparel retailer’s stock valued at $468,413,000 after purchasing an additional 233,035 shares during the period. BlackRock Inc. increased its holdings in shares of Lululemon Athletica by 4.4% in the 2nd quarter. BlackRock Inc. now owns 5,373,376 shares of the apparel retailer’s stock valued at $320,629,000 after purchasing an additional 228,068 shares during the period. HS Management Partners LLC increased its holdings in shares of Lululemon Athletica by 36.4% in the 2nd quarter. HS Management Partners LLC now owns 2,775,486 shares of the apparel retailer’s stock valued at $165,613,000 after purchasing an additional 741,200 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Lululemon Athletica by 16,053.2% in the 2nd quarter. Janus Henderson Group PLC now owns 2,614,550 shares of the apparel retailer’s stock valued at $156,010,000 after purchasing an additional 2,598,364 shares during the period. Finally, State Street Corp increased its holdings in shares of Lululemon Athletica by 0.8% in the 2nd quarter. State Street Corp now owns 2,113,129 shares of the apparel retailer’s stock valued at $126,101,000 after purchasing an additional 16,821 shares during the period. Hedge funds and other institutional investors own 79.31% of the company’s stock.
Shares of Lululemon Athletica inc. (NASDAQ:LULU) opened at $79.43 on Monday. The stock has a market capitalization of $10,753.15, a P/E ratio of 39.52, a price-to-earnings-growth ratio of 2.51 and a beta of 0.19. Lululemon Athletica inc. has a 12-month low of $47.26 and a 12-month high of $80.46.
Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.04. The firm had revenue of $619.00 million during the quarter, compared to analysts’ expectations of $610.56 million. Lululemon Athletica had a return on equity of 22.52% and a net margin of 10.96%. The company’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.50 earnings per share. equities analysts predict that Lululemon Athletica inc. will post 2.48 earnings per share for the current fiscal year.
Lululemon Athletica announced that its board has authorized a stock repurchase plan on Wednesday, December 6th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the apparel retailer to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
LULU has been the topic of a number of research reports. BMO Capital Markets reiterated a “hold” rating and issued a $55.00 target price on shares of Lululemon Athletica in a report on Thursday, November 2nd. Zacks Investment Research downgraded Lululemon Athletica from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Robert W. Baird reiterated a “buy” rating and issued a $72.00 target price on shares of Lululemon Athletica in a report on Wednesday, October 4th. Canaccord Genuity set a $43.00 price objective on Lululemon Athletica and gave the stock a “sell” rating in a report on Tuesday, December 5th. Finally, Needham & Company LLC set a $69.00 price objective on Lululemon Athletica and gave the stock a “buy” rating in a report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $71.68.
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Lululemon Athletica 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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