Schroder Investment Management Group Acquires 660 Shares of Lululemon Athletica inc. (NASDAQ:LULU)

Schroder Investment Management Group increased its holdings in Lululemon Athletica inc. (NASDAQ:LULU) by 32.0% in the 2nd quarter, Holdings Channel reports. The fund owned 2,720 shares of the apparel retailer’s stock after buying an additional 660 shares during the quarter. Schroder Investment Management Group’s holdings in Lululemon Athletica were worth $490,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Next Capital Management LLC increased its stake in shares of Lululemon Athletica by 15.6% in the 2nd quarter. Next Capital Management LLC now owns 437 shares of the apparel retailer’s stock worth $79,000 after acquiring an additional 59 shares in the last quarter. Resources Investment Advisors Inc. increased its stake in Lululemon Athletica by 15.6% during the 1st quarter. Resources Investment Advisors Inc. now owns 445 shares of the apparel retailer’s stock valued at $73,000 after purchasing an additional 60 shares in the last quarter. Commonwealth Bank of Australia increased its stake in Lululemon Athletica by 35.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 259 shares of the apparel retailer’s stock valued at $45,000 after purchasing an additional 68 shares in the last quarter. Advantage Investment Management LLC increased its stake in Lululemon Athletica by 9.4% during the 2nd quarter. Advantage Investment Management LLC now owns 851 shares of the apparel retailer’s stock valued at $153,000 after purchasing an additional 73 shares in the last quarter. Finally, Cim LLC increased its stake in Lululemon Athletica by 1.0% during the 2nd quarter. Cim LLC now owns 8,293 shares of the apparel retailer’s stock valued at $1,494,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 81.00% of the company’s stock.

Shares of LULU traded up $1.08 on Friday, reaching $191.23. The company’s stock had a trading volume of 137,406 shares, compared to its average volume of 2,482,378. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.41 and a quick ratio of 1.52. The stock has a market capitalization of $25.10 billion, a P/E ratio of 49.80, a PEG ratio of 2.24 and a beta of 0.66. The stock’s 50 day simple moving average is $187.87 and its two-hundred day simple moving average is $177.99. Lululemon Athletica inc. has a 12-month low of $110.71 and a 12-month high of $204.44.

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

A number of research firms have weighed in on LULU. Needham & Company LLC restated a “hold” rating on shares of Lululemon Athletica in a research note on Friday, September 6th. Zacks Investment Research upgraded shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $213.00 price objective for the company in a research note on Monday, September 9th. Stifel Nicolaus set a $238.00 price objective on shares of Lululemon Athletica and gave the company a “buy” rating in a research note on Friday, September 6th. Royal Bank of Canada restated an “equal weight” rating on shares of Lululemon Athletica in a research note on Friday, June 14th. Finally, BidaskClub upgraded shares of Lululemon Athletica from a “hold” rating to a “buy” rating in a research note on Saturday, August 24th. Twelve investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Lululemon Athletica has an average rating of “Buy” and a consensus target price of $206.71.

In related news, Director Dennis J. Wilson sold 99,133 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $201.79, for a total value of $20,004,048.07. Following the transaction, the director now owns 3,852 shares of the company’s stock, valued at $777,295.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dennis J. Wilson sold 110,629 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $704,415.24. The disclosure for this sale can be found here. In the last three months, insiders sold 420,548 shares of company stock worth $79,395,186. 0.34% of the stock is currently owned by insiders.

Lululemon Athletica Company 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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