InterOcean Capital Group LLC acquired a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU – Get Rating) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 520 shares of the apparel retailer’s stock, valued at approximately $204,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in LULU. Benjamin Edwards Inc. raised its position in shares of Lululemon Athletica by 192.0% in the fourth quarter. Benjamin Edwards Inc. now owns 73 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 48 shares in the last quarter. TCTC Holdings LLC acquired a new stake in shares of Lululemon Athletica in the third quarter valued at approximately $30,000. Column Capital Advisors LLC increased its stake in Lululemon Athletica by 78.2% in the fourth quarter. Column Capital Advisors LLC now owns 98 shares of the apparel retailer’s stock valued at $38,000 after acquiring an additional 43 shares during the last quarter. Sandy Cove Advisors LLC bought a new position in Lululemon Athletica in the fourth quarter valued at approximately $45,000. Finally, Evoke Wealth LLC bought a new position in Lululemon Athletica in the third quarter valued at approximately $50,000. Institutional investors own 81.79% of the company’s stock.
A number of brokerages recently issued reports on LULU. MKM Partners lifted their price objective on shares of Lululemon Athletica from $438.00 to $447.00 in a research note on Wednesday, March 30th. Zacks Investment Research reissued a “hold” rating on shares of Lululemon Athletica in a research note on Thursday, March 17th. Citigroup lifted their price objective on shares of Lululemon Athletica from $350.00 to $400.00 and gave the company a “neutral” rating in a research note on Wednesday, March 30th. Cowen decreased their target price on shares of Lululemon Athletica from $507.00 to $497.00 in a research note on Thursday, April 21st. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Lululemon Athletica from $428.00 to $423.00 and set a “buy” rating on the stock in a research note on Thursday, April 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, Lululemon Athletica presently has an average rating of “Buy” and an average target price of $444.69.
Lululemon Athletica (NASDAQ:LULU – Get Rating) last posted its quarterly earnings results on Tuesday, March 29th. The apparel retailer reported $3.37 earnings per share for the quarter, topping the consensus estimate of $3.27 by $0.10. Lululemon Athletica had a net margin of 15.59% and a return on equity of 37.92%. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the previous year, the firm posted $2.58 earnings per share. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. As a group, equities analysts anticipate that Lululemon Athletica Inc. will post 9.32 earnings per share for the current year.
Lululemon Athletica declared that its Board of Directors has authorized a share buyback plan on Tuesday, March 29th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the apparel retailer to buy up to 2.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.
Lululemon Athletica Company Profile (Get Rating)
lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women and men. 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.
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