TD Asset Management Inc acquires 55,482 shares of Lululemon Athletica Inc. (NASDAQ:LULU)

TD Asset Management Inc raised its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU – Free Report) by 67.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 138,225 shares of the apparel retailer’s stock after buying an additional 55,482 shares during the quarter. TD Asset Management Inc owned approximately 0.11% of Lululemon Athletica worth $41,288,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Principal Securities Inc. bought a new position in shares of Lululemon Athletica in the 4th quarter valued at approximately $1,464,000. NBC Securities Inc. boosted its holdings in Lululemon Athletica by 134.1% during the fourth quarter. NBC Securities Inc. now owns 1,098 shares of the apparel retailer’s stock worth $561,000 after buying an additional 629 shares in the last quarter. Jump Financial LLC lifted its position in shares of Lululemon Athletica by 2.7% during the 4th quarter. Jump Financial LLC now owns 5,189 shares of the apparel retailer’s stock worth $2,653,000 after buying an additional 138 shares. actions during the period. QRG Capital Management Inc. boosted its stake in Lululemon Athletica by 22.2% in the fourth quarter. QRG Capital Management Inc. now owns 4,033 shares of the apparel retailer’s stock valued at $2,062,000 after purchasing an additional 733 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Lululemon Athletica by 18.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 525,312 shares of the apparel retailer’s stock valued at $268,582,000 after purchasing an additional 81,594 shares in the last quarter. 85.20% of shares are currently owned by institutional investors.

Lululemon Athletica trading up 0.1%

Shares of LULU stock opened at $253.84 on Friday. The stock has a market cap of $31.73 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 1.40 and a beta of 1.25. The stock has a 50-day moving average of $266.51 and a two-hundred-day moving average of $332.15. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $516.39.

Lululemon Athletica (NASDAQ:LULU – Get Your Free Report ) last issued its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.22. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.41 billion. Lululemon Athletica had a return on equity of 42.69% and a net margin of 16.34%. Lululemon Athletica’s quarterly revenue was up 9.1% on a year-over-year basis. In the same period last year, the company earned $2.68 per share. On average, analysts estimate that Lululemon Athletica Inc. will post 13.9 earnings per share for the current fiscal year.

Lululemon Athletica announced that its board has initiated a stock buyback plan on Wednesday, June 5th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the apparel retailer to purchase up to 2.5% of its shares through open market purchases. Stock buyback plans are usually an indication that a company’s board of directors believes its stock is undervalued.

Analysts on Wall Street are forecasting an increase

Several research analysts have issued reports on the company. JPMorgan Chase & Co. dropped their price objective on Lululemon Athletica from $457.00 to $338.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Telsey Advisory Group cut their price target on shares of Lululemon Athletica from $470.00 to $360.00 and set an “outperform” rating for the company in a report on Monday, August 26th. TD Securities upped their price target on Lululemon Athletica from $375.00 to $382.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Goldman Sachs Group lowered Lululemon Athletica from a “buy” rating to a “neutral” rating and decreased their price target for the company from $463.00 to $286.00 in a report on Friday, August 2nd. Finally, Bank of America cut their price objective on Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating for the company in a research report on Friday, 30 August. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-one have assigned a buy rating to the stock. Lululemon Athletica has an average rating of “Moderate Buy” and a consensus price target of $354.94, according to MarketBeat.

Check out our latest Lululemon Athletica review

Insider trading at Lululemon Athletica

In other Lululemon Athletica news, CEO Calvin Mcdonald purchased 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were purchased at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the completion of the transaction, the chief executive officer now owns 89,922 shares in the company, valued at $23,379,720. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. 0.48% of shares are currently held by insiders.

Lululemon Athletica Company Profile

(Free report)

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes and markets athletic apparel, footwear and accessories under the lululemon brand for women and men. It offers pants, shorts, tops and jackets for a healthy lifestyle such as yoga, running, training and other activities. They also offer fitness-inspired accessories.

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