OneDigital Investment Advisors LLC Boosts Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

OneDigital Investment Advisors LLC raised its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 178.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,277 shares of the apparel retailer’s stock after purchasing an additional 4,024 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Lululemon Athletica were worth $1,703,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in LULU. Shepherd Financial Partners LLC purchased a new position in Lululemon Athletica in the third quarter worth about $953,000. XTX Topco Ltd increased its position in shares of Lululemon Athletica by 281.4% during the 2nd quarter. XTX Topco Ltd now owns 8,894 shares of the apparel retailer’s stock valued at $2,657,000 after purchasing an additional 6,562 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Lululemon Athletica by 31.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,425 shares of the apparel retailer’s stock valued at $4,607,000 after buying an additional 3,721 shares during the period. Gateway Investment Advisers LLC lifted its position in Lululemon Athletica by 9.7% in the second quarter. Gateway Investment Advisers LLC now owns 34,709 shares of the apparel retailer’s stock worth $10,368,000 after buying an additional 3,077 shares during the last quarter. Finally, Rheos Capital Works Inc. boosted its stake in Lululemon Athletica by 19.2% during the third quarter. Rheos Capital Works Inc. now owns 15,500 shares of the apparel retailer’s stock worth $4,206,000 after buying an additional 2,500 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wedbush lowered their target price on shares of Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating for the company in a report on Wednesday, August 28th. Bank of America dropped their target price on Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Barclays reduced their price target on Lululemon Athletica from $263.00 to $261.00 and set an “equal weight” rating on the stock in a report on Friday, August 30th. UBS Group cut their price objective 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, Jefferies Financial Group reiterated an “underperform” rating and set a $220.00 target price on shares of Lululemon Athletica in a research report on Thursday, July 25th. 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $357.13.

Lululemon Athletica Stock Performance

Lululemon Athletica stock opened at $320.01 on Monday. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $516.39. The company has a market cap of $39.29 billion, a PE ratio of 24.73, a PEG ratio of 2.33 and a beta of 1.24. The business’s 50-day simple moving average is $286.35 and its two-hundred day simple moving average is $289.45.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.22. The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.41 billion. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. Lululemon Athletica’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted $2.68 EPS. As a group, analysts predict that Lululemon Athletica Inc. will post 14.02 EPS for the current fiscal year.

Insider Buying and Selling at Lululemon Athletica

In related news, CEO Calvin Mcdonald purchased 4,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was bought at an average cost of $260.00 per share, with a total value of $1,040,000.00. Following the completion of the acquisition, the chief executive officer now owns 89,922 shares of the company’s stock, valued at $23,379,720. The trade was a 4.66 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Nicole Neuburger sold 486 shares of the firm’s 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 sale, the insider now directly owns 6,198 shares in the company, valued at $1,670,918.82. The trade was a 7.27 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

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.