1,050 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Purchased by Avestar Capital LLC

Avestar Capital LLC acquired a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,050 shares of the apparel retailer’s stock, valued at approximately $285,000.

A number of other institutional investors have also added to or reduced their stakes in LULU. Value Star Asset Management Hong Kong Ltd lifted its holdings in Lululemon Athletica by 19,890.3% during the 2nd 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 purchasing an additional 4,630,466 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Lululemon Athletica by 74,856.2% in the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock valued at $243,055,000 after acquiring an additional 894,531 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Lululemon Athletica by 136.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock valued at $143,624,000 after acquiring an additional 305,302 shares in the last quarter. River Road Asset Management LLC purchased a new stake in shares of Lululemon Athletica in the 3rd quarter valued at about $79,503,000. Finally, Marshall Wace LLP raised its holdings in shares of Lululemon Athletica by 359.4% in the 2nd quarter. Marshall Wace LLP now owns 204,500 shares of the apparel retailer’s stock valued at $61,084,000 after acquiring an additional 283,344 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Analyst Upgrades and Downgrades

LULU has been the topic of several recent analyst reports. Wedbush lowered their price target on Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating on the stock in a report on Wednesday, August 28th. Piper Sandler raised their price target on Lululemon Athletica from $250.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Wells Fargo & Company lowered their price target on Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating on the stock in a report on Friday, August 23rd. Morgan Stanley raised their price target on Lululemon Athletica from $314.00 to $345.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Telsey Advisory Group lowered their price target on Lululemon Athletica from $470.00 to $360.00 and set an “outperform” rating on the stock in a report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $356.03.

Insider Activity

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of Lululemon Athletica 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 owns 6,198 shares in the company, valued at approximately $1,670,918.82. The trade was a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Calvin Mcdonald acquired 4,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were bought at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the purchase, the chief executive officer now directly 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 disclosure for this purchase can be found here. 0.48% of the stock is currently owned by company insiders.

Lululemon Athletica Stock Up 0.2 %

LULU opened at $319.52 on Thursday. The stock has a market cap of $39.23 billion, a PE ratio of 24.69, a PEG ratio of 2.38 and a beta of 1.24. The business has a 50 day moving average of $295.06 and a 200-day moving average of $287.84. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $516.39.

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

Lululemon Athletica Company 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.