Sapient Capital LLC Takes $396,000 Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Sapient Capital LLC purchased a new position in Lululemon Athletica Inc. (NASDAQ:LULU) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,461 shares of the apparel retailer’s stock, valued at approximately $396,000.

Several other large investors also recently added to or reduced their stakes in the stock. Scarborough Advisors LLC purchased a new stake in Lululemon Athletica during the fourth quarter valued at approximately $26,000. Benjamin Edwards Inc. grew its position in 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 purchasing an additional 44 shares during the last quarter. Riverview Trust Co purchased a new stake in Lululemon Athletica during the 1st quarter worth approximately $29,000. Larson Financial Group LLC grew its position in Lululemon Athletica by 78.2% during the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 43 shares during the last quarter. Finally, Paladin Wealth LLC purchased a new stake in shares of Lululemon Athletica in the 3rd quarter valued at $29,000. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Trading Up 3.1 %

Shares of Lululemon Athletica stock opened at $286.76 on Tuesday. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $516.39. The stock has a market capitalization of $35.85 billion, a P/E ratio of 23.00, a PEG ratio of 1.99 and a beta of 1.25. The business’s fifty day moving average price is $260.92 and its 200 day moving average price is $298.14.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. The firm had revenue of $2.40 billion for 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 firm earned $2.68 earnings per share. As a group, sell-side analysts predict that Lululemon Athletica Inc. will post 14.02 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Calvin Mcdonald acquired 4,000 shares of Lululemon Athletica stock in a transaction on Tuesday, September 3rd. The shares were bought at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the completion of the purchase, the chief executive officer now directly owns 89,922 shares in the company, valued at $23,379,720. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Lululemon Athletica news, CEO Calvin Mcdonald purchased 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were acquired at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the completion of the purchase, the chief executive officer now owns 89,922 shares in the company, valued at $23,379,720. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nicole Neuburger sold 486 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value 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. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on LULU shares. Citigroup dropped their price objective on shares of Lululemon Athletica from $300.00 to $270.00 and set a “neutral” rating on the stock in a report on Thursday, August 22nd. Telsey Advisory Group decreased their target price on shares of Lululemon Athletica from $470.00 to $360.00 and set an “outperform” rating for the company in a research note on Monday, August 26th. Evercore ISI reiterated an “outperform” rating and issued a $300.00 target price on shares of Lululemon Athletica in a research note on Monday, August 26th. Guggenheim reduced their target price on shares of Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Finally, Bank of America dropped their price objective on shares of Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating for the company in a report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.