Bokf Na Buys 197 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Bokf Na lifted its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 1.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,128 shares of the apparel retailer’s stock after acquiring an additional 197 shares during the period. Bokf Na’s holdings in Lululemon Athletica were worth $3,324,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in LULU. Tidemark LLC bought a new position in Lululemon Athletica in the fourth quarter worth about $26,000. Scarborough Advisors LLC purchased a new position in shares of Lululemon Athletica in the 4th quarter worth approximately $26,000. Benjamin Edwards Inc. raised its stake in shares of Lululemon Athletica by 176.0% during the 1st quarter. Benjamin Edwards Inc. now owns 69 shares of the apparel retailer’s stock worth $27,000 after acquiring an additional 44 shares in the last quarter. Riverview Trust Co purchased a new stake in Lululemon Athletica during the first quarter valued at approximately $29,000. Finally, Larson Financial Group LLC boosted its stake in Lululemon Athletica by 78.2% in the second 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 in the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LULU has been the subject of several analyst reports. UBS Group decreased their price objective on Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating for the company in a report on Tuesday, August 20th. Citigroup lowered their price target on Lululemon Athletica from $300.00 to $270.00 and set a “neutral” rating for the company in a report on Thursday, August 22nd. Oppenheimer restated an “outperform” rating and set a $445.00 price objective on shares of Lululemon Athletica in a report on Thursday, June 6th. Bank of America lowered their target price on shares of Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Finally, Wedbush cut 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 note on Wednesday, August 28th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and a consensus target price of $354.94.

Lululemon Athletica Price Performance

LULU opened at $266.76 on Friday. The stock has a market cap of $32.75 billion, a P/E ratio of 21.39, a P/E/G ratio of 1.38 and a beta of 1.25. The firm has a fifty day moving average price of $262.01 and a 200 day moving average price of $326.05. 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 for the quarter, topping analysts’ consensus estimates of $2.93 by $0.22. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the firm posted $2.68 earnings per share. The company’s revenue was up 9.1% compared to the same quarter last year. Equities analysts expect that Lululemon Athletica Inc. will post 14.03 EPS for the current year.

Lululemon Athletica announced that its Board of Directors has initiated a stock buyback plan on Wednesday, June 5th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the apparel retailer to reacquire up to 2.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other Lululemon Athletica news, CEO Calvin Mcdonald acquired 4,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were 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 in the company, valued at $23,379,720. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.48% of the stock is currently owned by insiders.

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.