Bwcp LP bought a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 60,344 shares of the apparel retailer’s stock, valued at approximately $18,025,000. Lululemon Athletica accounts for about 4.5% of Bwcp LP’s investment portfolio, making the stock its 9th biggest holding.
Several other hedge funds have also recently added to or reduced their stakes in LULU. Envestnet Portfolio Solutions Inc. boosted its position in shares of Lululemon Athletica by 31.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,425 shares of the apparel retailer’s stock valued at $4,607,000 after purchasing an additional 3,721 shares in the last quarter. XTX Topco Ltd boosted its holdings in shares of Lululemon Athletica by 281.4% during the 2nd quarter. XTX Topco Ltd now owns 8,894 shares of the apparel retailer’s stock worth $2,657,000 after buying an additional 6,562 shares in the last quarter. Brookstone Capital Management grew its position in shares of Lululemon Athletica by 202.8% during the 1st quarter. Brookstone Capital Management now owns 1,714 shares of the apparel retailer’s stock worth $670,000 after buying an additional 1,148 shares during the period. Gateway Investment Advisers LLC increased its stake in shares of Lululemon Athletica by 9.7% in the 2nd quarter. Gateway Investment Advisers LLC now owns 34,709 shares of the apparel retailer’s stock valued at $10,368,000 after acquiring an additional 3,077 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Lululemon Athletica by 4.0% during the 1st quarter. Nordea Investment Management AB now owns 8,261 shares of the apparel retailer’s stock valued at $3,250,000 after acquiring an additional 321 shares during the period. Institutional investors own 85.20% of the company’s stock.
Insider Activity
In other news, CEO Calvin Mcdonald acquired 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was bought at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the acquisition, the chief executive officer now owns 89,922 shares in the company, valued at approximately $23,379,720. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.48% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Analysis on Lululemon Athletica
Lululemon Athletica Stock Performance
NASDAQ LULU opened at $263.55 on Wednesday. The company has a market capitalization of $32.36 billion, a PE ratio of 21.13, a price-to-earnings-growth ratio of 1.40 and a beta of 1.25. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $516.39. The company has a 50-day simple moving average of $258.67 and a 200 day simple moving average of $314.72.
Lululemon Athletica (NASDAQ:LULU – Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, topping analysts’ consensus estimates of $2.93 by $0.22. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the previous year, the firm posted $2.68 EPS. Lululemon Athletica’s revenue was up 9.1% on a year-over-year basis. As a group, analysts forecast that Lululemon Athletica Inc. will post 14.03 EPS for the current fiscal year.
Lululemon Athletica declared that its board has approved a stock buyback program on Wednesday, June 5th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the apparel retailer to purchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.
About Lululemon Athletica
Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.
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