filings.toolsItem 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
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Item 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Information and Dividends
Our common stock is quoted on the Nasdaq Global Select Market under the symbol "LULU." Our common stock was also previously listed on the Toronto Stock Exchange ("TSX") under the symbol "LLL." During fiscal 2013 we voluntarily delisted from the TSX because we believe the minimal trading volume of our shares on the TSX no longer justified the expense and administrative efforts associated with maintaining a dual listing.
The following table sets forth, for the periods indicated, the high and low closing sale prices of our common stock reported by the Nasdaq Global Select Market for the last two fiscal years:
| Common Stock Price (Nasdaq Global Select Market) | ||||||||
| High | Low | |||||||
| Fiscal Year Ending February 2, 2014 | ||||||||
| Fourth Quarter | $ | 71.56 | $ | 45.68 | ||||
| Third Quarter | $ | 76.57 | $ | 65.29 | ||||
| Second Quarter | $ | 82.28 | $ | 61.33 | ||||
| First Quarter | $ | 76.88 | $ | 62.32 | ||||
| Fiscal Year Ending February 3, 2013 | ||||||||
| Fourth Quarter | $ | 77.19 | $ | 65.87 | ||||
| Third Quarter | $ | 77.99 | $ | 53.35 | ||||
| Second Quarter | $ | 80.30 | $ | 54.40 | ||||
| First Quarter | $ | 77.06 | $ | 63.13 |
As of February 2, 2014, there were approximately 526 holders of record of our common stock.
We have never declared or paid any cash dividends on our common stock and do not anticipate paying any cash dividends on our common stock in the foreseeable future. We anticipate that we will retain all of our available funds for use in the operation and expansion of our business. Any future determination as to the payment of cash dividends will be at the discretion of our board of directors and will depend on our financial condition, operating results, current and anticipated cash needs, plans for expansion and other factors that our board of directors considers to be relevant. In addition, financial and other covenants in any instruments or agreements that we enter into in the future may restrict our ability to pay cash dividends on our common stock.
Stock Performance Graph
The graph set forth below compares the cumulative total stockholder return on our common stock between February 1, 2009 (the date of our fiscal year end five years ago) and February 2, 2014, with the cumulative total return of (i) the S&P 500 Index and (ii) S&P 500 Apparel, Accessories & Luxury Goods Index(1), over the same period. This graph assumes the investment of $100 on February 1, 2009 in the closing sale price our common stock, the S&P 500 Index and the S&P Apparel, Accessories & Luxury Goods Index and assumes the reinvestment of dividends, if any.
The comparisons shown in the graph below are based on historical data. We caution that the stock price performance showing in the graph below is not necessarily indicative of, nor is it intended to forecast, the potential future performance of our common stock. Information used in the graph was obtained from the Nasdaq Stock Market website, a source believed to be reliable, but we are not responsible for any errors or omissions in such information.
| (1) | The previously compared S&P Retail Index is no longer published. |
| 01-Feb-09 | 31-Jan-10 | 30-Jan-11 | 29-Jan-12 | 03-Feb-13 | 02-Feb-14 | |||||||||||||||||||
| lululemon athletica inc. | $ | 100.00 | $ | 415.29 | $ | 1,009.12 | $ | 1,885.88 | $ | 1,995.88 | $ | 1,343.82 | ||||||||||||
| S&P 500 Index | $ | 100.00 | $ | 130.03 | $ | 154.54 | $ | 159.39 | $ | 183.22 | $ | 215.84 | ||||||||||||
| S&P 500 Apparel, Accessories & Luxury Goods Index | $ | 100.00 | $ | 185.55 | $ | 250.95 | $ | 353.12 | $ | 323.23 | $ | 369.91 |
Issuer Purchase of Equity Securities
The following table provides information regarding our Employee Share Purchase Plan (ESPP) repurchases of our common stock, during the thirteen week period ended February 2, 2014:
| Period(1) | Total Number of Shares Purchased(2) | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs(3) | Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs(2,3) | |||||||||
| November 4, 2013 - December 1, 2013 | 7,453 | $ | 69.00 | 7,453 | 5,447,323 | ||||||||
| December 2, 2013 - January 5, 2014 | 12,456 | $ | 62.00 | 12,456 | 5,434,867 | ||||||||
| January 6, 2014 - February 2, 2014 | 10,897 | $ | 46.44 | 10,897 | 5,423,971 | ||||||||
| Total | 30,806 | 30,806 |
| (1) | Monthly information is presented by reference to our fiscal months during our fourth quarter of fiscal 2013. |
| (2) | Excluded from this disclosure are shares repurchased to settle statutory employee tax withholding related to the vesting of performance-based restricted stock unit awards. |
| (3) | Our ESPP was approved by our Board of Directors and stockholders in September 2007. All shares purchased under the ESPP will be purchased on the Nasdaq Global Select Market (or such other stock exchange as we may designate from time to time). Unless our Board of Directors terminates the ESPP earlier, the ESPP will continue until all shares authorized for purchase under the ESPP have been purchased. The maximum number of shares available for issuance under the ESPP is 6,000,000. |
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