Northern Trust Corp Increases Position in lululemon athletica inc. (LULU)
Northern Trust Corp boosted its holdings in shares of lululemon athletica inc. (NASDAQ:LULU) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 674,517 shares of the apparel retailer’s stock after acquiring an additional 1,959 shares during the quarter. Northern Trust Corp owned 0.49% of lululemon athletica inc. worth $40,248,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Exane Derivatives bought a new stake in lululemon athletica inc. during the 2nd quarter worth approximately $106,000. Global X Management Co. LLC grew its holdings in lululemon athletica inc. by 39.7% during the 2nd quarter. Global X Management Co. LLC now owns 2,532 shares of the apparel retailer’s stock worth $151,000 after acquiring an additional 719 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in lululemon athletica inc. by 40.0% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,500 shares of the apparel retailer’s stock worth $182,000 after acquiring an additional 1,000 shares during the last quarter. Menta Capital LLC bought a new stake in lululemon athletica inc. during the 1st quarter worth approximately $239,000. Finally, Two Sigma Securities LLC bought a new stake in lululemon athletica inc. during the 1st quarter worth approximately $276,000. 80.43% of the stock is currently owned by hedge funds and other institutional investors.
Shares of lululemon athletica inc. (LULU) opened at 62.69 on Thursday. The stock has a market capitalization of $8.49 billion, a P/E ratio of 30.26 and a beta of 0.20. lululemon athletica inc. has a 12-month low of $47.26 and a 12-month high of $72.70. The firm’s 50-day moving average is $60.58 and its 200 day moving average is $56.62.
lululemon athletica inc. (NASDAQ:LULU) last released its quarterly earnings results on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.04. The business had revenue of $581.10 million during the quarter, compared to the consensus estimate of $567.40 million. lululemon athletica inc. had a return on equity of 22.51% and a net margin of 11.68%. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 EPS. On average, equities research analysts forecast that lululemon athletica inc. will post $2.41 EPS for the current fiscal year.
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A number of research firms have weighed in on LULU. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $68.00 target price on shares of lululemon athletica inc. in a report on Tuesday. Robert W. Baird reissued a “buy” rating and set a $72.00 target price on shares of lululemon athletica inc. in a report on Wednesday, October 4th. Zacks Investment Research lowered shares of lululemon athletica inc. from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Canaccord Genuity reissued a “sell” rating and set a $43.00 target price on shares of lululemon athletica inc. in a report on Friday, September 22nd. Finally, BMO Capital Markets reissued a “hold” rating and set a $55.00 target price on shares of lululemon athletica inc. in a report on Wednesday, September 13th. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $65.76.
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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