Mount Yale Investment Advisors LLC bought a new position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,447 shares of the apparel retailer's stock, valued at approximately $1,207,000.
A number of other institutional investors and hedge funds have also bought and sold shares of LULU. Larson Financial Group LLC boosted its holdings in Lululemon Athletica by 78.2% during the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer's stock valued at $29,000 after acquiring an additional 43 shares during the period. Paladin Wealth LLC bought a new position in shares of Lululemon Athletica in the third quarter worth approximately $29,000. Versant Capital Management Inc grew its holdings in shares of Lululemon Athletica by 61.5% in the second quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer's stock worth $31,000 after purchasing an additional 40 shares during the last quarter. Ridgewood Investments LLC purchased a new position in shares of Lululemon Athletica in the second quarter worth $33,000. Finally, Dnca Finance bought a new stake in Lululemon Athletica during the 2nd quarter valued at $34,000. 85.20% of the stock is currently owned by institutional investors.
Shares of LULU opened at $304.15 on Friday. The company has a market cap of $38.02 billion, a price-to-earnings ratio of 24.39, a P/E/G ratio of 2.17 and a beta of 1.25. The business's fifty day simple moving average is $269.24 and its two-hundred day simple moving average is $294.72. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $516.39.
Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, topping the consensus estimate of $2.93 by $0.22. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.41 billion. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. Lululemon Athletica's revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the company earned $2.68 EPS. As a group, research analysts forecast that Lululemon Athletica Inc. will post 14.02 EPS for the current year.
A number of equities analysts have issued reports on LULU shares. UBS Group decreased their price objective on shares of Lululemon Athletica from $385.00 to $315.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 20th. Stifel Nicolaus lowered their price target on Lululemon Athletica from $416.00 to $370.00 and set a "buy" rating for the company in a research report on Thursday, August 22nd. Jefferies Financial Group reiterated an "underperform" rating and issued a $220.00 price objective on shares of Lululemon Athletica in a research report on Thursday, July 25th. JPMorgan Chase & Co. decreased their target price on Lululemon Athletica from $457.00 to $338.00 and set an "overweight" rating for the company in a report on Thursday, July 25th. Finally, Wells Fargo & Company cut their price target on shares of Lululemon Athletica from $350.00 to $285.00 and set an "equal weight" rating on the stock in a report on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $354.55.
Read Our Latest Stock Report on Lululemon Athletica
In related news, CEO Calvin Mcdonald bought 4,000 shares of the firm'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 purchase, the chief executive officer now owns 89,922 shares in the company, valued at approximately $23,379,720. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Calvin Mcdonald purchased 4,000 shares of the business'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 purchase, the chief executive officer now directly owns 89,922 shares in the company, valued at $23,379,720. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nicole Neuburger sold 486 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was 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. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate insiders.
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.
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