Strategic Advisors LLC Purchases 169 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Strategic Advisors LLC increased its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 3.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,731 shares of the apparel retailer’s stock after acquiring an additional 169 shares during the period. Strategic Advisors LLC’s holdings in Lululemon Athletica were worth $1,284,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Value Star Asset Management Hong Kong Ltd raised its stake in shares of Lululemon Athletica by 19,890.3% during the second quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer’s stock valued at $1,390,074,000 after acquiring an additional 4,630,466 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Lululemon Athletica by 32.3% during the 4th quarter. Vanguard Group Inc. now owns 9,692,969 shares of the apparel retailer’s stock worth $4,955,918,000 after acquiring an additional 2,369,119 shares during the last quarter. Marshall Wace LLP raised its position in shares of Lululemon Athletica by 359.4% during the 2nd quarter. Marshall Wace LLP now owns 204,500 shares of the apparel retailer’s stock valued at $61,084,000 after purchasing an additional 283,344 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Lululemon Athletica by 38.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 737,872 shares of the apparel retailer’s stock valued at $220,423,000 after purchasing an additional 203,882 shares during the period. Finally, M&G Plc bought a new stake in Lululemon Athletica in the 1st quarter valued at $72,455,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LULU has been the subject of a number of recent research reports. The Goldman Sachs Group cut shares of Lululemon Athletica from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $463.00 to $286.00 in a research note on Friday, August 2nd. Citigroup dropped their price target on shares of Lululemon Athletica from $300.00 to $270.00 and set a “neutral” rating for the company in a research note on Thursday, August 22nd. Truist Financial reissued a “buy” rating and issued a $310.00 price objective on shares of Lululemon Athletica in a research report on Wednesday, August 28th. Robert W. Baird reduced their price target on shares of Lululemon Athletica from $470.00 to $350.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Finally, Jefferies Financial Group restated an “underperform” rating and issued a $220.00 price target on shares of Lululemon Athletica in a report on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, Lululemon Athletica currently has an average rating of “Moderate Buy” and a consensus target price of $354.55.

Lululemon Athletica Trading Down 0.7 %

NASDAQ:LULU traded down $1.90 during trading hours on Thursday, reaching $272.22. 869,773 shares of the company were exchanged, compared to its average volume of 2,117,639. The stock’s 50-day moving average is $258.51 and its 200-day moving average is $301.06. The firm has a market cap of $34.03 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 1.40 and a beta of 1.25. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, topping analysts’ consensus estimates of $2.93 by $0.22. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the previous year, the firm earned $2.68 earnings per share. Lululemon Athletica’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, research analysts anticipate that Lululemon Athletica Inc. will post 14.03 EPS for the current year.

Insider Buying and Selling at Lululemon Athletica

In related news, CEO Calvin Mcdonald purchased 4,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was acquired at an average cost of $260.00 per share, for a total transaction of $1,040,000.00. Following the completion of the transaction, the chief executive officer now directly owns 89,922 shares in the company, valued at approximately $23,379,720. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction of $131,020.74. Following the completion of the transaction, the insider now owns 6,198 shares in the company, valued at $1,670,918.82. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Calvin Mcdonald acquired 4,000 shares of Lululemon Athletica stock in a transaction dated Tuesday, September 3rd. The shares were bought at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the transaction, the chief executive officer now directly owns 89,922 shares in the company, valued at approximately $23,379,720. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.48% of the company’s stock.

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.