HBW Advisory Services LLC Buys Shares of 799 Lululemon Athletica Inc. (NASDAQ:LULU)

HBW Advisory Services LLC bought a new position in Lululemon Athletica Inc. (NASDAQ:LULU) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 799 shares of the apparel retailer’s stock, valued at approximately $217,000.

Several other hedge funds have also recently modified their holdings of LULU. Czech National Bank increased its holdings in Lululemon Athletica by 7.3% in the 3rd quarter. Czech National Bank now owns 23,427 shares of the apparel retailer’s stock worth $6,357,000 after buying an additional 1,592 shares in the last quarter. Mattson Financial Services LLC bought a new position in Lululemon Athletica during the 2nd quarter valued at about $352,000. Centaurus Financial Inc. boosted its holdings in shares of Lululemon Athletica by 9.8% during the 2nd quarter. Centaurus Financial Inc. now owns 785 shares of the apparel retailer’s stock valued at $235,000 after acquiring an additional 70 shares during the last quarter. Anchor Investment Management LLC grew its stake in shares of Lululemon Athletica by 43.0% in the second quarter. Anchor Investment Management LLC now owns 3,902 shares of the apparel retailer’s stock worth $1,166,000 after acquiring an additional 1,173 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Lululemon Athletica by 17,910.3% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 86,089 shares of the apparel retailer’s stock valued at $25,715,000 after purchasing an additional 85,611 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insider Activity

In other Lululemon Athletica news, CEO Calvin Mcdonald acquired 4,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average price 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. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Nicole Neuburger sold 486 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Calvin Mcdonald acquired 4,000 shares of Lululemon Athletica stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the completion of the purchase, the chief executive officer now 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 disclosure for this purchase can be found here. Company insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Up 3.0 %

LULU stock opened at $270.38 on Friday. The firm has a market capitalization of $33.80 billion, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 1.40 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. The company has a fifty day simple moving average of $257.52 and a two-hundred day simple moving average of $304.76.

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

Analyst Ratings Changes

LULU has been the topic of several research reports. Raymond James dropped their target price on shares of Lululemon Athletica from $350.00 to $325.00 and set an “outperform” rating on the stock in a report on Monday, September 2nd. Jefferies Financial Group reissued an “underperform” rating and set a $220.00 price target on shares of Lululemon Athletica in a report on Thursday, July 25th. Bank of America cut their price objective on Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating for the company in a report on Friday, August 30th. UBS Group dropped their target price on Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. Finally, Stifel Nicolaus reduced their target price on shares of Lululemon Athletica from $416.00 to $370.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $354.55.

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.