Barlow Wealth Partners Inc. Raises Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Barlow Wealth Partners Inc. lifted its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 16.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,045 shares of the apparel retailer’s stock after purchasing an additional 6,576 shares during the period. Barlow Wealth Partners Inc.’s holdings in Lululemon Athletica were worth $12,546,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strategic Wealth Partners Ltd. lifted its holdings in shares of Lululemon Athletica by 183.1% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 4,524 shares of the apparel retailer’s stock valued at $1,228,000 after acquiring an additional 2,926 shares in the last quarter. Brookstone Capital Management bought a new stake in shares of Lululemon Athletica during the 3rd quarter valued at about $265,000. Leibman Financial Services Inc. acquired a new position in Lululemon Athletica during the 3rd quarter valued at about $2,898,000. Dynamic Advisor Solutions LLC lifted its stake in shares of Lululemon Athletica by 43.9% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 4,003 shares of the apparel retailer’s stock worth $1,086,000 after acquiring an additional 1,222 shares during the period. Finally, New England Research & Management Inc. acquired a new stake in shares of Lululemon Athletica in the 3rd quarter worth approximately $285,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Stifel Nicolaus reduced their price target on shares of Lululemon Athletica from $416.00 to $370.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Lululemon Athletica from $291.00 to $292.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Evercore ISI restated an “outperform” rating and issued a $300.00 price target on shares of Lululemon Athletica in a research report on Monday, August 26th. Wedbush decreased their price target on shares of Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 28th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and set a $220.00 price objective 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Lululemon Athletica has a consensus rating of “Moderate Buy” and an average price target of $354.55.

Lululemon Athletica Trading Down 0.1 %

Shares of NASDAQ:LULU traded down $0.38 during trading on Wednesday, hitting $276.21. 117,169 shares of the company’s stock were exchanged, compared to its average volume of 2,117,436. The firm has a market cap of $34.53 billion, a P/E ratio of 22.18, a PEG ratio of 1.40 and a beta of 1.25. The firm has a 50-day moving average price of $258.20 and a two-hundred day moving average price of $301.25. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $516.39.

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 analysts’ consensus estimates of $2.93 by $0.22. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.68 earnings per share. As a group, research analysts predict that Lululemon Athletica Inc. will post 14.03 EPS for the current year.

Insider Activity

In other news, insider Nicole Neuburger sold 486 shares of the company’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 value 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Lululemon Athletica news, CEO Calvin Mcdonald purchased 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were acquired 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 owns 89,922 shares of the company’s stock, valued at approximately $23,379,720. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $131,020.74. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate 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.