Executive Wealth Management LLC lifted its holdings in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 7.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,396 shares of the apparel retailer’s stock after buying an additional 663 shares during the quarter. Executive Wealth Management LLC’s holdings in Lululemon Athletica were worth $1,693,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the company. Meridian Wealth Management LLC bought a new position in Lululemon Athletica during the 1st quarter worth approximately $25,000. SevenBridge Financial Group LLC bought a new position in Lululemon Athletica during the 2nd quarter worth approximately $35,000. Cullen Frost Bankers Inc. bought a new position in Lululemon Athletica during the 1st quarter worth approximately $33,000. Cordasco Financial Network bought a new position in Lululemon Athletica during the 2nd quarter worth approximately $36,000. Finally, Winslow Evans & Crocker Inc. boosted its stake in Lululemon Athletica by 2,000.0% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 210 shares of the apparel retailer’s stock worth $38,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 82.69% of the company’s stock.
A number of brokerages have weighed in on LULU. DA Davidson cut their price target on shares of Lululemon Athletica to $175.00 and set an “average” rating on the stock in a research note on Tuesday, July 9th. Cowen set a $200.00 price target on shares of Lululemon Athletica and gave the company a “buy” rating in a research note on Thursday, June 13th. MKM Partners lifted their price target on shares of Lululemon Athletica from $189.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, June 13th. Wedbush set a $175.00 price target on shares of Lululemon Athletica and gave the company a “hold” rating in a research note on Tuesday, June 11th. Finally, Morgan Stanley lifted their price target on shares of Lululemon Athletica from $160.00 to $163.00 and gave the company an “equal weight” rating in a research note on Thursday, June 13th. Eleven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Lululemon Athletica currently has a consensus rating of “Buy” and an average target price of $190.34.
Shares of LULU stock opened at $179.59 on Wednesday. The stock has a fifty day simple moving average of $184.83. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.45 and a current ratio of 2.33. The company has a market capitalization of $23.40 billion, a price-to-earnings ratio of 46.77, a PEG ratio of 2.12 and a beta of 0.62. Lululemon Athletica inc. has a 12 month low of $110.71 and a 12 month high of $194.25.
Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Wednesday, June 12th. The apparel retailer reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.04. The business had revenue of $782.30 million for the quarter, compared to analyst estimates of $755.92 million. Lululemon Athletica had a net margin of 14.77% and a return on equity of 38.77%. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 earnings per share. As a group, equities analysts predict that Lululemon Athletica inc. will post 4.7 EPS for the current 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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