Geode Capital Management LLC raised its holdings in Lululemon Athletica inc. (NASDAQ:LULU) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 976,136 shares of the apparel retailer’s stock after purchasing an additional 6,483 shares during the period. Geode Capital Management LLC’s holdings in Lululemon Athletica were worth $76,672,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Bell & Brown Wealth Advisors LLC acquired a new position in shares of Lululemon Athletica in the 4th quarter valued at approximately $1,477,000. Cobblestone Capital Advisors LLC NY acquired a new position in shares of Lululemon Athletica in the 4th quarter valued at approximately $245,000. Amalgamated Bank raised its position in shares of Lululemon Athletica by 4.5% in the 4th quarter. Amalgamated Bank now owns 19,142 shares of the apparel retailer’s stock valued at $1,504,000 after purchasing an additional 827 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of Lululemon Athletica by 49.3% in the 4th quarter. Mackenzie Financial Corp now owns 5,563 shares of the apparel retailer’s stock valued at $437,000 after purchasing an additional 1,836 shares in the last quarter. Finally, Stormborn Capital Management LLC acquired a new stake in shares of Lululemon Athletica during the 4th quarter valued at approximately $13,616,000. 80.18% of the stock is currently owned by institutional investors.
In other news, major shareholder Dennis J. Wilson sold 722,134 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $77.47, for a total value of $55,943,720.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.29% of the company’s stock.
Lululemon Athletica inc. (LULU) opened at $79.80 on Wednesday. Lululemon Athletica inc. has a 52 week low of $47.26 and a 52 week high of $83.98. The stock has a market capitalization of $10,875.00, a price-to-earnings ratio of 35.39, a PEG ratio of 2.06 and a beta of 0.22.
Lululemon Athletica declared that its board has initiated a stock buyback program on Wednesday, December 6th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the apparel retailer to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
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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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