Landscape Capital Management L.L.C. Buys New Holdings in Lululemon Athletica inc. (LULU)
Landscape Capital Management L.L.C. bought a new position in shares of Lululemon Athletica inc. (NASDAQ:LULU) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 47,244 shares of the apparel retailer’s stock, valued at approximately $3,713,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its holdings in Lululemon Athletica by 132.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,014,384 shares of the apparel retailer’s stock worth $63,146,000 after buying an additional 578,248 shares during the period. Geode Capital Management LLC lifted its stake in shares of Lululemon Athletica by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 976,136 shares of the apparel retailer’s stock valued at $76,672,000 after purchasing an additional 6,483 shares during the period. Jennison Associates LLC lifted its stake in shares of Lululemon Athletica by 37.6% in the 4th quarter. Jennison Associates LLC now owns 839,936 shares of the apparel retailer’s stock valued at $66,011,000 after purchasing an additional 229,552 shares during the period. Lodge Hill Capital LLC lifted its stake in shares of Lululemon Athletica by 2.7% in the 3rd quarter. Lodge Hill Capital LLC now owns 688,170 shares of the apparel retailer’s stock valued at $42,839,000 after purchasing an additional 18,170 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of Lululemon Athletica by 2.4% in the 3rd quarter. Legal & General Group Plc now owns 449,555 shares of the apparel retailer’s stock valued at $27,985,000 after purchasing an additional 10,354 shares during the period. 78.70% of the stock is currently owned by hedge funds and other institutional investors.
In other Lululemon Athletica news, major shareholder Dennis J. Wilson sold 722,134 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $77.47, for a total transaction of $55,943,720.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.29% of the company’s stock.
Shares of Lululemon Athletica inc. (NASDAQ:LULU) opened at $82.07 on Friday. The company has a market capitalization of $10,971.11, a P/E ratio of 40.83, a price-to-earnings-growth ratio of 2.08 and a beta of 0.22. Lululemon Athletica inc. has a twelve month low of $47.26 and a twelve month high of $83.59.
Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Wednesday, December 6th. The apparel retailer reported $0.56 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 analyst estimates 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 for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 EPS. equities analysts anticipate that Lululemon Athletica inc. will post 2.53 EPS for the current year.
Lululemon Athletica declared that its Board of Directors has authorized a share repurchase program on Wednesday, December 6th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the apparel retailer to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
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Lululemon Athletica 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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