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Weekly Top Insider Buys Highlight for the Week of June 30

- By Shuda Xia

The largest Insider Buys this week were for Energy Transfer Partners LP (ETP), The Kroger Co. (KR), Dollar Tree Inc. (DLTR) and Lululemon Athletica Inc. (LULU).

Energy Transfer Partners LP (ETP): Director David K. Skidmore bought 12,000 shares

Director David K. Skidmore bought 2,000 shares of ETP stock on June 26 at the average price of $19.49. The price of the stock has increased by 4.62% since.


Energy Transfer Partners LP is an American natural gas and propane company that is headquartered in Dallas, Texas. It is the parent company of Dakota Access, the company that was developing the controversial Dakota Access Pipeline. As of 2016, the company employs 9,466 people. The company has a market cap of $27.91 billion, and as of June 30 it traded at $20.39.

On June 20 Energy Transfer Partners LP announced that approximately 12,360,503 common units representing limited partner interests in PennTex Midstream Partners were validly tendered and accepted for purchase in the tender offer by ETP. ETP has made payment to the American Stock Transfer & Trust Company, which is acting as a depositary in connection with the offer.

The Kroger Co. (KR): Executive Vice President J. Michael Schlotman bought 2,000 shares

Executive Vice President J. Michael Schlotman bought 2,000 shares of Kroger stock on June 26 at the average price of $22.73. The price of the stock has increased by 2.6% since.

The Kroger Co. is an American retailing company that is the United States' largest supermarket chain by revenue and the second largest general retailer and the twenty third largest company in the U.S. Furthermore, the company is the third largest retailer in the world and the third largest private employer in the U.S. The company has a market cap of $20.93 billion, and as of June 30 it traded at $23.32.

On June 22 the board of directors of The Kroger Co. announced an incremental $1 billion share repurchase program, replacing the prior authorization which has been exhausted. The company also announced that its board of directors approved a dividend increase from 48 cents to 50 cents per year. The next quarterly dividend of 12.5 will be paid on Sept. 1, to shareholders of record on the close of business on Aug. 1.

Dollar Tree Inc. (DLTR): Director Lemuel E. Lewis bought 1,900 shares

Director Lemuel E. Lewis bought 1,900 shares of Dollar Tree stock on June 26 at the average price of $66.7. The price of the stock has increased by 4.83% since.

Dollar Tree Inc. is an American Fortune 500 chain of discount variety stores that sells items at $1 or less. The company operates 13,600 stores in 48 U.S. states and Canada. Products include health and beauty, food, decor, houseware, toys and household cleaning supplies. The company has a market cap of $16.55 billion, and as of June 30 it traded at $69.92.

On June 9 Dollar Tree Inc. announced that Michael A. Witynski has been promoted to president and chief operating officer of the Dollar Tree segment of the company. Mr. Witynski will be responsible for merchandising and marketing and store operations for more than 6,200 Dollar Tree bannered stores in the U.S. Mr. Witynski has previously served as Senior Vice President of Stores since joining Dollar Tree in 2010.

Lululemon Athletica Inc. (LULU): Director Glenn Murphy bought 100,000 shares

Director Glenn Murphy bought 100,000 shares of Lululemon Athletica stock on June 27 at the average price of $55.5. The price of the stock has increased by 7.51% since.

Lululemon Athletica Inc is a Canadian international athletic apparel retailer. It retails and designs technical athletic apparel, which includes a clothing line and multiple international clothing stores. The company makes a variety of athletic wear, including performance shirts, shorts, and lifestyle apparel. The company has a market cap of $8.16 billion, and as of June 30 it traded at $59.67.

On June 19 Lululemon Athletica Inc. announced a strategic partnership with 7mesh Industries Inc. to co-create and push the boundaries in advanced technical apparel. The partnership will be focused on innovation and creation of new fabrics and construction technologies, which needs product testing and future concept development.

This article first appeared on GuruFocus.