Voloridge Investment Management LLC Sells 15,342 Shares of Lululemon Athletica inc. (NASDAQ:LULU)

Voloridge Investment Management LLC trimmed its holdings in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 50.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,160 shares of the apparel retailer’s stock after selling 15,342 shares during the period. Voloridge Investment Management LLC’s holdings in Lululemon Athletica were worth $2,919,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Algert Global LLC lifted its position in shares of Lululemon Athletica by 129.2% during the 2nd quarter. Algert Global LLC now owns 12,875 shares of the apparel retailer’s stock valued at $2,320,000 after acquiring an additional 7,257 shares during the period. Carroll Financial Associates Inc. boosted its stake in Lululemon Athletica by 70.3% during the third quarter. Carroll Financial Associates Inc. now owns 1,172 shares of the apparel retailer’s stock worth $225,000 after acquiring an additional 484 shares in the last quarter. Executive Wealth Management LLC grew its holdings in Lululemon Athletica by 7.6% in the second quarter. Executive Wealth Management LLC now owns 9,396 shares of the apparel retailer’s stock worth $1,693,000 after purchasing an additional 663 shares during the period. Swiss National Bank grew its holdings in Lululemon Athletica by 10.8% in the second quarter. Swiss National Bank now owns 366,755 shares of the apparel retailer’s stock worth $66,093,000 after purchasing an additional 35,800 shares during the period. Finally, Sigma Planning Corp grew its holdings in Lululemon Athletica by 47.1% in the third quarter. Sigma Planning Corp now owns 4,329 shares of the apparel retailer’s stock worth $833,000 after purchasing an additional 1,387 shares during the period. 79.81% of the stock is owned by institutional investors.

In other Lululemon Athletica news, Director Dennis J. Wilson sold 99,133 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $201.79, for a total transaction of $20,004,048.07. Following the completion of the transaction, the director now owns 3,852 shares in the company, valued at $777,295.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dennis J. Wilson sold 46,725 shares of Lululemon Athletica stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $195.94, for a total transaction of $9,155,296.50. Following the completion of the transaction, the director now owns 3,852 shares of the company’s stock, valued at approximately $754,760.88. The disclosure for this sale can be found here. Insiders own 0.34% of the company’s stock.

NASDAQ:LULU opened at $225.53 on Tuesday. 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 business has a fifty day simple moving average of $210.35 and a two-hundred day simple moving average of $190.28. Lululemon Athletica inc. has a 1 year low of $110.71 and a 1 year high of $229.65. The company has a market capitalization of $29.40 billion, a P/E ratio of 58.73, a P/E/G ratio of 2.62 and a beta of 0.66.

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Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, September 5th. The apparel retailer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.07. Lululemon Athletica had a return on equity of 39.54% and a net margin of 14.93%. The firm had revenue of $883.35 million for the quarter, compared to analysts’ expectations of $845.03 million. During the same quarter in the prior year, the firm earned $0.71 EPS. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. As a group, analysts anticipate that Lululemon Athletica inc. will post 4.74 earnings per share for the current year.

Several equities analysts have recently weighed in on LULU shares. BidaskClub upgraded shares of Lululemon Athletica from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. Piper Jaffray Companies set a $227.00 price objective on shares of Lululemon Athletica and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Susquehanna Bancshares set a $222.00 target price on Lululemon Athletica and gave the company a “buy” rating in a research note on Thursday, September 5th. Raymond James initiated coverage on Lululemon Athletica in a research report on Tuesday, November 5th. They issued a “strong-buy” rating and a $275.00 target price for the company. Finally, Stifel Nicolaus set a $238.00 target price on Lululemon Athletica and gave the company a “buy” rating in a research report on Friday, September 6th. Thirteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $211.83.

About Lululemon Athletica

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.

Further Reading: Return On Assets

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Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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