In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Lululemon Athletica Inc. (NASDAQ:LULU) reported that Manning & Napier Advisors Llc. has picked up 6,232,797 of common stock as of 2017-01-23.
The acquisition brings the aggregate amount owned by Manning & Napier Advisors Llc. to a total of 6,232,797 representing a 4.56% stake in the company.
For those not familiar with the company, Lululemon Athletica Inc. is a designer, distributor and retailer of technical athletic apparel. The Company’s segments include Company-operated stores, Direct to consumer and Other. The Company offers a line of apparel and accessories for women, men and female youth. Its apparel assortment includes items, such as pants, shorts, tops and jackets designed for healthy lifestyle activities and athletic pursuits, such as yoga, running, other sweaty pursuits and athletic wear for female youth. The Company conducts its business through two channels: Company-operated stores and direct to consumer. It operates approximately 360 Company-operated stores located in the United States, Canada, Australia, New Zealand, the United Kingdom, Singapore, Hong Kong, Germany and Puerto Rico. Its direct to consumer segment includes lululemon and ivivva e-commerce Websites, www.lululemon.com and www.ivivva.com, and other country and region specific Websites.
A glance at Lululemon Athletica Inc. (NASDAQ:LULU)’s key stats reveals a current market capitalization of 9.20 billion based on 127.30 million shares outstanding and a price at last close of $66.70 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-09-21, Poseley picked up 4,000 at a purchase price of $53.52. This brings their total holding to 24,535 as of the date of the filing.
On the sell side, the most recent transaction saw Pitcher unload 5,310 shares at a sale price of $67.31. This brings their total holding to 20,160.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Lululemon Athletica Inc. (NASDAQ:LULU) as things move forward to see if its progress aligns with these transactions.
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