Advisor Resource Council Invests $212,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

Advisor Resource Council bought a new position in Lululemon Athletica Inc. (NASDAQ:LULU) in the 3rd quarter, Holdings Channel.com reports. The firm bought 780 shares of the apparel retailer’s stock, valued at approximately $212,000.

Several other institutional investors and hedge funds also recently modified their holdings of LULU. Value Star Asset Management Hong Kong Ltd boosted its position in shares of Lululemon Athletica by 19,890.3% in the second quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer’s stock worth $1,390,074,000 after buying an additional 4,630,466 shares during the period. International Assets Investment Management LLC boosted its position in shares of Lululemon Athletica by 74,856.2% in the third quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock worth $243,055,000 after buying an additional 894,531 shares during the period. River Road Asset Management LLC purchased a new stake in shares of Lululemon Athletica in the third quarter worth about $79,503,000. Marshall Wace LLP boosted its holdings in Lululemon Athletica by 359.4% in the second 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 last quarter. Finally, Swedbank AB boosted its holdings in Lululemon Athletica by 151.0% in the third quarter. Swedbank AB now owns 367,584 shares of the apparel retailer’s stock valued at $99,744,000 after purchasing an additional 221,112 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on LULU shares. Bank of America reduced their price target on Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating for the company in a report on Friday, August 30th. Sanford C. Bernstein reduced their price target on Lululemon Athletica from $345.00 to $325.00 and set a “market perform” rating for the company in a report on Friday, August 30th. Deutsche Bank Aktiengesellschaft increased their price target on Lululemon Athletica from $291.00 to $292.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Truist Financial increased their price target on Lululemon Athletica from $310.00 to $360.00 and gave the company a “buy” rating in a report on Tuesday. Finally, TD Cowen reduced their price target on Lululemon Athletica from $420.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $357.13.

Lululemon Athletica Price Performance

LULU opened at $315.30 on Friday. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $516.39. The stock has a market cap of $38.71 billion, a P/E ratio of 24.37, a P/E/G ratio of 2.31 and a beta of 1.24. The stock’s 50 day moving average price is $277.50 and its 200 day moving average price is $291.99.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, beating the consensus estimate of $2.93 by $0.22. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period last year, the firm earned $2.68 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. Equities analysts anticipate that Lululemon Athletica Inc. will post 14.02 EPS for the current year.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the stock in a transaction 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 directly owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Calvin Mcdonald purchased 4,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was purchased at an average cost of $260.00 per share, with a total value of $1,040,000.00. Following the purchase, the chief executive officer now 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 document filed with the SEC, which is available through this hyperlink. Also, insider Nicole Neuburger sold 486 shares of the 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 transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $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. 0.48% of the stock is owned by insiders.

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.