1,527 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Bought by Eagle Strategies LLC

Eagle Strategies LLC purchased a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,527 shares of the apparel retailer’s stock, valued at approximately $456,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BOKF NA lifted its holdings in Lululemon Athletica by 1.8% in the second quarter. BOKF NA now owns 11,128 shares of the apparel retailer’s stock valued at $3,324,000 after acquiring an additional 197 shares during the period. Achmea Investment Management B.V. increased its holdings in shares of Lululemon Athletica by 6.9% during the 2nd quarter. Achmea Investment Management B.V. now owns 37,566 shares of the apparel retailer’s stock valued at $11,221,000 after purchasing an additional 2,428 shares in the last quarter. Forsta AP Fonden lifted its stake in shares of Lululemon Athletica by 69.7% in the 2nd quarter. Forsta AP Fonden now owns 41,400 shares of the apparel retailer’s stock valued at $12,366,000 after purchasing an additional 17,000 shares during the period. Y.D. More Investments Ltd purchased a new stake in Lululemon Athletica during the second quarter worth $386,000. Finally, American Century Companies Inc. boosted its holdings in Lululemon Athletica by 4.9% during the second quarter. American Century Companies Inc. now owns 1,769,096 shares of the apparel retailer’s stock worth $528,429,000 after buying an additional 82,731 shares in the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Bank of America dropped their target price on Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Jefferies Financial Group restated an “underperform” rating and issued a $220.00 price objective on shares of Lululemon Athletica in a research report on Thursday, July 25th. JPMorgan Chase & Co. reduced their target price on Lululemon Athletica from $457.00 to $338.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. BMO Capital Markets dropped their price target on shares of Lululemon Athletica from $420.00 to $384.00 and set a “market perform” rating on the stock in a research note on Thursday, June 6th. Finally, Citigroup decreased 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. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, Lululemon Athletica has an average rating of “Moderate Buy” and a consensus price target of $354.94.

Insider Buying and Selling at Lululemon Athletica

In related news, CEO Calvin Mcdonald acquired 4,000 shares of Lululemon Athletica stock in a transaction dated Tuesday, September 3rd. The stock was acquired 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 of the company’s stock, valued at $23,379,720. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.48% of the stock is currently owned by insiders.

Lululemon Athletica Trading Up 1.9 %

Lululemon Athletica stock opened at $260.14 on Friday. The stock has a market cap of $31.94 billion, a P/E ratio of 20.86, a price-to-earnings-growth ratio of 1.38 and a beta of 1.25. The company has a fifty day simple moving average of $262.64 and a 200-day simple moving average of $327.44. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the prior year, the firm posted $2.68 EPS. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Lululemon Athletica Inc. will post 14.03 earnings per share for the current fiscal year.

Lululemon Athletica declared that its board has initiated a stock repurchase plan on Wednesday, June 5th that authorizes the company to repurchase $1.00 billion in 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 usually a sign that the company’s board of directors believes its stock is undervalued.

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.