Westwood Holdings Group Inc. Invests $13.83 Million in Lululemon Athletica Inc. (NASDAQ:LULU)

Westwood Holdings Group Inc. bought a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 46,299 shares of the apparel retailer’s stock, valued at approximately $13,830,000.

A number of other institutional investors also recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. raised its position in shares of Lululemon Athletica by 31.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,425 shares of the apparel retailer’s stock worth $4,607,000 after acquiring an additional 3,721 shares in the last quarter. XTX Topco Ltd lifted its position in Lululemon Athletica by 281.4% during the second quarter. XTX Topco Ltd now owns 8,894 shares of the apparel retailer’s stock valued at $2,657,000 after buying an additional 6,562 shares during the period. Brookstone Capital Management boosted its holdings in shares of Lululemon Athletica by 202.8% during the 1st quarter. Brookstone Capital Management now owns 1,714 shares of the apparel retailer’s stock valued at $670,000 after buying an additional 1,148 shares in the last quarter. Gateway Investment Advisers LLC increased its stake in shares of Lululemon Athletica by 9.7% in the 2nd quarter. Gateway Investment Advisers LLC now owns 34,709 shares of the apparel retailer’s stock worth $10,368,000 after acquiring an additional 3,077 shares in the last quarter. Finally, Advisory Services Network LLC lifted its position in Lululemon Athletica by 6.0% during the 4th quarter. Advisory Services Network LLC now owns 5,622 shares of the apparel retailer’s stock valued at $2,874,000 after acquiring an additional 319 shares during the period. 85.20% of the stock is owned by institutional investors.

Insider Transactions at Lululemon Athletica

In related news, CEO Calvin Mcdonald purchased 4,000 shares of Lululemon Athletica stock in a transaction on Tuesday, September 3rd. The shares were bought at an average cost of $260.00 per share, for a total transaction of $1,040,000.00. Following the acquisition, the chief executive officer now owns 89,922 shares in the company, valued at approximately $23,379,720. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Performance

Shares of LULU stock opened at $262.61 on Friday. The stock has a fifty day simple moving average of $259.72 and a two-hundred day simple moving average of $318.42. The firm has a market capitalization of $32.83 billion, a PE ratio of 21.06, a PEG ratio of 1.38 and a beta of 1.25. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.22. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter last year, the company earned $2.68 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. On average, sell-side analysts forecast that Lululemon Athletica Inc. will post 14.03 EPS for the current fiscal year.

Lululemon Athletica declared that its board has approved a share repurchase plan on Wednesday, June 5th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the apparel retailer to purchase up to 2.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. BMO Capital Markets cut their price objective on shares of Lululemon Athletica from $420.00 to $384.00 and set a “market perform” rating on the stock in a report on Thursday, June 6th. Wedbush reduced their price objective on Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating for the company in a research report on Wednesday, August 28th. JPMorgan Chase & Co. dropped their target price on Lululemon Athletica from $457.00 to $338.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. UBS Group reduced their price target on Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating for the company in a report on Tuesday, August 20th. Finally, Barclays reduced their target price on Lululemon Athletica from $263.00 to $261.00 and set an “equal weight” rating for the company in a report on Friday, August 30th. Two research 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 company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $354.94.

Lululemon Athletica Company Profile

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