Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lifted its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 10.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,467 shares of the apparel retailer’s stock after acquiring an additional 9,894 shares during the period. Ensign Peak Advisors Inc owned 0.09% of Lululemon Athletica worth $32,100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Scarborough Advisors LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter worth approximately $26,000. Richardson Financial Services Inc. purchased a new position in Lululemon Athletica during the fourth quarter worth approximately $31,000. True Wealth Design LLC lifted its position in Lululemon Athletica by 2,950.0% during the fourth quarter. True Wealth Design LLC now owns 61 shares of the apparel retailer’s stock worth $31,000 after buying an additional 59 shares in the last quarter. Benjamin Edwards Inc. lifted its position in Lululemon Athletica by 176.0% during the first quarter. Benjamin Edwards Inc. now owns 69 shares of the apparel retailer’s stock worth $27,000 after buying an additional 44 shares in the last quarter. Finally, Riverview Trust Co purchased a new position in Lululemon Athletica during the first quarter worth approximately $29,000. 85.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, CEO Calvin Mcdonald acquired 4,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was acquired at an average cost of $260.00 per share, with a total value of $1,040,000.00. Following the transaction, the chief executive officer now owns 89,922 shares in the company, valued at approximately $23,379,720. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.48% of the company’s stock.

Lululemon Athletica Price Performance

LULU opened at $262.61 on Monday. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $516.39. The stock has a market capitalization of $32.83 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 1.38 and a beta of 1.25. The business has a fifty day moving average price of $259.72 and a 200 day moving average price of $317.50.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, topping 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 firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the previous year, the firm posted $2.68 EPS. Lululemon Athletica’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, research analysts anticipate that Lululemon Athletica Inc. will post 14.03 earnings per share for the current year.

Lululemon Athletica declared that its board has initiated a stock buyback program on Wednesday, June 5th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the apparel retailer to purchase up to 2.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LULU. Evercore ISI reiterated an “outperform” rating and set a $300.00 price objective on shares of Lululemon Athletica in a research report on Monday, August 26th. Guggenheim reduced their price objective on Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Bank of America reduced their price objective on Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Morgan Stanley reduced their target price on Lululemon Athletica from $329.00 to $326.00 and set an “overweight” rating on the stock in a research report on Sunday, September 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Lululemon Athletica from $291.00 to $292.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, Lululemon Athletica has an average rating of “Moderate Buy” and an average target price of $354.94.

Lululemon Athletica 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.