L & S Advisors Inc Makes New Investment in Lululemon Athletica inc. (NASDAQ:LULU)

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L & S Advisors Inc bought a new position in Lululemon Athletica inc. (NASDAQ:LULU) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,520 shares of the apparel retailer’s stock, valued at approximately $2,256,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Lululemon Athletica by 4.3% during the fourth quarter. Geode Capital Management LLC now owns 1,296,806 shares of the apparel retailer’s stock worth $157,624,000 after buying an additional 53,511 shares in the last quarter. Sigma Planning Corp purchased a new stake in shares of Lululemon Athletica in the 1st quarter valued at approximately $232,000. Comerica Bank lifted its position in shares of Lululemon Athletica by 5.8% in the 1st quarter. Comerica Bank now owns 10,945 shares of the apparel retailer’s stock valued at $1,833,000 after acquiring an additional 597 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Lululemon Athletica in the 1st quarter valued at approximately $15,609,000. Finally, First Allied Advisory Services Inc. lifted its position in shares of Lululemon Athletica by 18.1% in the 1st quarter. First Allied Advisory Services Inc. now owns 2,484 shares of the apparel retailer’s stock valued at $404,000 after acquiring an additional 381 shares in the last quarter. Hedge funds and other institutional investors own 81.22% of the company’s stock.

In other Lululemon Athletica news, Director Dennis J. Wilson sold 164,061 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $182.89, for a total value of $30,005,116.29. Following the completion of the transaction, the director now directly owns 3,852 shares of the company’s stock, valued at $704,492.28. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Dennis J. Wilson sold 110,629 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $182.87, for a total transaction of $20,230,725.23. Following the completion of the transaction, the director now directly owns 3,852 shares of the company’s stock, valued at $704,415.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 425,032 shares of company stock valued at $80,229,658. Insiders own 0.34% of the company’s stock.

Several brokerages recently commented on LULU. Zacks Investment Research upgraded shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $213.00 price target for the company in a research report on Monday. Jefferies Financial Group increased their target price on shares of Lululemon Athletica from $175.00 to $200.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Susquehanna Bancshares set a $222.00 target price on shares of Lululemon Athletica and gave the stock a “buy” rating in a research report on Thursday, September 5th. Stifel Nicolaus set a $238.00 target price on shares of Lululemon Athletica and gave the stock a “buy” rating in a research report on Friday, September 6th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $235.00 target price (up previously from $198.00) on shares of Lululemon Athletica in a research report on Friday, September 6th. Eleven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $204.64.

Shares of NASDAQ:LULU traded up $0.26 during midday 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 company’s 50 day simple moving average is $184.73 and its two-hundred day simple moving average is $173.28. The firm has a market capitalization of $25.18 billion, a PE ratio of 51.88, a price-to-earnings-growth ratio of 2.25 and a beta of 0.65. Lululemon Athletica inc. has a 12 month low of $110.71 and a 12 month high of $204.44. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.52 and a current ratio of 2.41.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, September 5th. The apparel retailer reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.07. Lululemon Athletica had a net margin of 14.93% and a return on equity of 39.54%. The company had revenue of $883.35 million during the quarter, compared to the consensus estimate of $845.03 million. During the same period last year, the firm earned $0.71 EPS. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. On average, research analysts anticipate that Lululemon Athletica inc. will post 4.74 earnings per share 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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Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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