L & S Advisors Inc Invests $2.26 Million in Lululemon Athletica inc. (NASDAQ:LULU)
L & S Advisors Inc acquired a new position in shares of Lululemon Athletica inc. (NASDAQ:LULU) in the 2nd quarter, HoldingsChannel reports. The fund acquired 12,520 shares of the apparel retailer’s stock, valued at approximately $2,256,000.
Other hedge funds also recently made changes to their positions in the company. Meridian Wealth Management LLC acquired a new stake in shares of Lululemon Athletica during the 1st quarter worth approximately $25,000. Virtus ETF Advisers LLC acquired a new stake in Lululemon Athletica in the 2nd quarter valued at $27,000. SevenBridge Financial Group LLC acquired a new stake in Lululemon Athletica in the 2nd quarter valued at $35,000. Cordasco Financial Network acquired a new stake in Lululemon Athletica in the 2nd quarter valued at $36,000. Finally, Winslow Evans & Crocker Inc. grew its position in Lululemon Athletica by 2,000.0% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 210 shares of the apparel retailer’s stock valued at $38,000 after purchasing an additional 200 shares during the period. 81.22% of the stock is owned by institutional investors.
In related news, Director David M. Mussafer sold 4,484 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $186.10, for a total value of $834,472.40. Following the sale, the director now directly owns 18,947 shares in the company, valued at approximately $3,526,036.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dennis J. Wilson sold 46,725 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $195.94, for a total value of $9,155,296.50. Following the completion of the sale, the director now owns 3,852 shares in the company, valued at $754,760.88. The disclosure for this sale can be found here. Insiders sold a total of 425,032 shares of company stock worth $80,229,658 over the last 90 days. 0.34% of the stock is currently owned by company insiders.
Shares of NASDAQ LULU traded up $0.26 during mid-day trading on Friday, reaching $198.99. 13,255 shares of the company’s stock were exchanged, compared to its average volume of 2,179,779. The firm has a market capitalization of $25.18 billion, a price-to-earnings ratio of 51.88, a price-to-earnings-growth ratio of 2.25 and a beta of 0.65. Lululemon Athletica inc. has a 52 week low of $110.71 and a 52 week high of $204.44. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.41 and a quick ratio of 1.52. The firm has a 50-day moving average price of $184.73 and a two-hundred day moving average price of $173.28.
Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, September 5th. The apparel retailer reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.07. Lululemon Athletica had a return on equity of 39.54% and a net margin of 14.93%. The business had revenue of $883.35 million for the quarter, compared to analysts’ expectations of $845.03 million. During the same period in the previous year, the business posted $0.71 EPS. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Lululemon Athletica inc. will post 4.74 EPS for the current fiscal year.
Lululemon Athletica Profile
lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.
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