AdvisorNet Financial Inc decreased its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU – Get Rating) by 6.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 500 shares of the apparel retailer’s stock after selling 35 shares during the quarter. AdvisorNet Financial Inc’s holdings in Lululemon Athletica were worth $136,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the business. Modus Advisors LLC increased its stake in shares of Lululemon Athletica by 2.3% during the 2nd quarter. Modus Advisors LLC now owns 4,049 shares of the apparel retailer’s stock worth $1,104,000 after purchasing an additional 90 shares during the last quarter. Amalgamated Bank grew its stake in Lululemon Athletica by 27.4% in the 1st quarter. Amalgamated Bank now owns 12,903 shares of the apparel retailer’s stock valued at $4,713,000 after buying an additional 2,772 shares during the last quarter. J.W. Cole Advisors Inc. grew its stake in Lululemon Athletica by 19.1% in the 1st quarter. J.W. Cole Advisors Inc. now owns 1,523 shares of the apparel retailer’s stock valued at $556,000 after buying an additional 244 shares during the last quarter. American Trust grew its stake in Lululemon Athletica by 129.4% in the 1st quarter. American Trust now owns 1,491 shares of the apparel retailer’s stock valued at $545,000 after buying an additional 841 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Lululemon Athletica by 23.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 140,223 shares of the apparel retailer’s stock valued at $51,213,000 after buying an additional 26,267 shares during the last quarter. Institutional investors and hedge funds own 81.11% of the company’s stock.
Insider Activity at Lululemon Athletica
In other Lululemon Athletica news, Director Kathryn Henry sold 189 shares of the business’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $351.80, for a total value of $66,490.20. Following the completion of the transaction, the director now directly owns 4,102 shares of the company’s stock, valued at $1,443,083.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.46% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Lululemon Athletica Stock Down 4.1 %
Shares of LULU stock opened at $318.12 on Thursday. Lululemon Athletica Inc. has a 12-month low of $251.51 and a 12-month high of $485.83. The company has a market capitalization of $40.56 billion, a P/E ratio of 37.25, a P/E/G ratio of 1.71 and a beta of 1.29. The firm has a 50-day moving average price of $316.42 and a 200 day moving average price of $315.86.
Lululemon Athletica (NASDAQ:LULU – Get Rating) last announced its quarterly earnings results on Thursday, September 1st. The apparel retailer reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.34. Lululemon Athletica had a net margin of 15.60% and a return on equity of 40.95%. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the firm posted $1.65 EPS. The firm’s quarterly revenue was up 28.8% on a year-over-year basis. As a group, research analysts expect that Lululemon Athletica Inc. will post 9.87 earnings per share for the current year.
Lululemon Athletica Company Profile
lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women and men. It operates in 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.
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