Lululemon Athletica Inc. (NASDAQ:LULU) Holdings Raised by Monte Financial Group LLC

Monte Financial Group LLC boosted its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 90.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,918 shares of the apparel retailer’s stock after buying an additional 2,331 shares during the period. Monte Financial Group LLC’s holdings in Lululemon Athletica were worth $1,334,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LULU. AdvisorNet Financial Inc boosted its position in shares of Lululemon Athletica by 129.3% in the first quarter. AdvisorNet Financial Inc now owns 337 shares of the apparel retailer’s stock worth $132,000 after buying an additional 190 shares during the period. Riverview Trust Co purchased a new stake in Lululemon Athletica in the 1st quarter worth about $29,000. Brookstone Capital Management boosted its position in Lululemon Athletica by 202.8% during the 1st quarter. Brookstone Capital Management now owns 1,714 shares of the apparel retailer’s stock worth $670,000 after acquiring an additional 1,148 shares during the period. 180 Wealth Advisors LLC grew its stake in Lululemon Athletica by 21.7% during the 1st quarter. 180 Wealth Advisors LLC now owns 1,354 shares of the apparel retailer’s stock valued at $529,000 after acquiring an additional 241 shares in the last quarter. Finally, Dohj LLC increased its holdings in shares of Lululemon Athletica by 3.5% in the 1st quarter. Dohj LLC now owns 2,063 shares of the apparel retailer’s stock valued at $806,000 after purchasing an additional 70 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on LULU shares. Wells Fargo & Company decreased their price target on shares of Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating for the company in a report on Friday, August 23rd. Citigroup lowered their price target 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. Jefferies Financial Group reiterated an “underperform” rating and set a $220.00 price objective on shares of Lululemon Athletica in a report on Thursday, July 25th. Robert W. Baird lowered their target price on Lululemon Athletica from $470.00 to $350.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Finally, Guggenheim dropped their target price on Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $354.55.

Insider Buying and Selling

In other Lululemon Athletica news, CEO Calvin Mcdonald purchased 4,000 shares of the stock in a transaction on 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 acquisition, the chief executive officer now directly owns 89,922 shares of the company’s stock, valued at $23,379,720. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, 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 completion of the transaction, the insider now owns 6,198 shares in the company, valued at $1,670,918.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Calvin Mcdonald purchased 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was bought at an average cost of $260.00 per share, for a total transaction of $1,040,000.00. Following the purchase, the chief executive officer now owns 89,922 shares in the company, valued at $23,379,720. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.48% of the stock is owned by company insiders.

Lululemon Athletica Stock Performance

NASDAQ:LULU opened at $293.14 on Thursday. The firm’s 50-day moving average is $268.39 and its 200-day moving average is $294.69. The company has a market cap of $36.64 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 1.99 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.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $2.41 billion. During the same period in the previous year, the company posted $2.68 earnings per share. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities analysts predict that Lululemon Athletica Inc. will post 14.02 EPS for the current year.

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.