Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC increased its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 43.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,003 shares of the apparel retailer’s stock after purchasing an additional 1,222 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Lululemon Athletica were worth $1,086,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Value Star Asset Management Hong Kong Ltd lifted its position 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 acquiring an additional 4,630,466 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Lululemon Athletica by 32.3% in the 4th quarter. Vanguard Group Inc. now owns 9,692,969 shares of the apparel retailer’s stock valued at $4,955,918,000 after acquiring an additional 2,369,119 shares during the last quarter. Marshall Wace LLP grew its stake in Lululemon Athletica by 359.4% during the 2nd quarter. Marshall Wace LLP now owns 204,500 shares of the apparel retailer’s stock worth $61,084,000 after buying an additional 283,344 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Lululemon Athletica by 38.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 737,872 shares of the apparel retailer’s stock worth $220,423,000 after buying an additional 203,882 shares during the last quarter. Finally, M&G Plc bought a new position in Lululemon Athletica during the 1st quarter worth $72,455,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Performance

LULU opened at $273.58 on Friday. The company has a market cap of $34.20 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 1.40 and a beta of 1.25. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $516.39. The stock has a 50-day moving average of $258.51 and a 200-day moving average of $301.06.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (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 during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the previous year, the company posted $2.68 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, research analysts predict that Lululemon Athletica Inc. will post 14.03 earnings per share for the current year.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, CEO Calvin Mcdonald acquired 4,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was purchased at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Nicole Neuburger sold 486 shares of the business’s 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 sale, the insider now owns 6,198 shares in the company, valued at $1,670,918.82. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Calvin Mcdonald bought 4,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were purchased at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the transaction, the chief executive officer now owns 89,922 shares of the company’s stock, valued at $23,379,720. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on LULU shares. Wedbush lowered their price objective on Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating for the company in a research note on Wednesday, August 28th. TD Securities upped their price objective on Lululemon Athletica from $375.00 to $382.00 and gave the company a “buy” rating in a report on Friday, August 30th. Deutsche Bank Aktiengesellschaft upped their price objective on Lululemon Athletica from $291.00 to $292.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Barclays cut their target price on Lululemon Athletica from $263.00 to $261.00 and set an “equal weight” rating on the stock in a research report on Friday, August 30th. Finally, Telsey Advisory Group dropped their price target on Lululemon Athletica from $470.00 to $360.00 and set an “outperform” rating on the stock in a research report on Monday, August 26th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, Lululemon Athletica currently has an average rating of “Moderate Buy” and a consensus target price of $354.55.

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.