Private Advisor Group LLC Increases Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Private Advisor Group LLC increased its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 61.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,213 shares of the apparel retailer’s stock after acquiring an additional 5,813 shares during the period. Private Advisor Group LLC’s holdings in Lululemon Athletica were worth $4,128,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Brookstone Capital Management raised its stake 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 worth $670,000 after buying an additional 1,148 shares during the last quarter. SteelPeak Wealth LLC raised its position in Lululemon Athletica by 17.8% during the first quarter. SteelPeak Wealth LLC now owns 1,944 shares of the apparel retailer’s stock worth $759,000 after acquiring an additional 294 shares during the last quarter. Deepwater Asset Management LLC lifted its holdings in shares of Lululemon Athletica by 36.2% in the first quarter. Deepwater Asset Management LLC now owns 33,935 shares of the apparel retailer’s stock valued at $13,257,000 after purchasing an additional 9,024 shares in the last quarter. SeaCrest Wealth Management LLC grew its position in shares of Lululemon Athletica by 5.4% in the first quarter. SeaCrest Wealth Management LLC now owns 1,362 shares of the apparel retailer’s stock valued at $532,000 after purchasing an additional 70 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV increased its stake in shares of Lululemon Athletica by 0.9% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 10,005 shares of the apparel retailer’s stock worth $3,909,000 after purchasing an additional 87 shares in the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Bank of America reduced their target price on Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Robert W. Baird decreased their price objective on Lululemon Athletica from $470.00 to $350.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Telsey Advisory Group cut their target price on shares of Lululemon Athletica from $470.00 to $360.00 and set an “outperform” rating for the company in a research note on Monday, August 26th. TD Securities raised their price target on shares of Lululemon Athletica from $375.00 to $382.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, Lululemon Athletica presently has an average rating of “Moderate Buy” and an average price target of $354.55.

Insiders Place Their Bets

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

Lululemon Athletica Stock Performance

LULU stock opened at $304.15 on Monday. The firm has a market cap of $38.02 billion, a P/E ratio of 24.39, a price-to-earnings-growth ratio of 2.17 and a beta of 1.25. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $516.39. The stock has a 50-day simple moving average of $270.16 and a 200-day simple moving average of $293.48.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data 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 net margin of 16.34% and a return on equity of 42.59%. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter last year, the company earned $2.68 earnings per share. Lululemon Athletica’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities research analysts predict that Lululemon Athletica Inc. will post 14.02 EPS for the current year.

About Lululemon Athletica

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.