WP Advisors LLC Takes Position in Lululemon Athletica Inc. (NASDAQ:LULU)

WP Advisors LLC bought a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 764 shares of the apparel retailer’s stock, valued at approximately $207,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc raised its stake in shares of Lululemon Athletica by 61.5% in the second quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 40 shares during the period. Rockline Wealth Management LLC increased its stake in Lululemon Athletica by 1.3% in the 2nd quarter. Rockline Wealth Management LLC now owns 3,314 shares of the apparel retailer’s stock worth $990,000 after buying an additional 43 shares during the period. Larson Financial Group LLC grew its holdings 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 acquiring an additional 43 shares in the last quarter. Beacon Capital Management LLC boosted its holdings in shares of Lululemon Athletica by 31.1% in the 1st quarter. Beacon Capital Management LLC now owns 194 shares of the apparel retailer’s stock valued at $76,000 after buying an additional 46 shares in the last quarter. Finally, HHM Wealth Advisors LLC boosted its holdings in shares of Lululemon Athletica by 66.7% in the 2nd quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer’s stock valued at $34,000 after buying an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Stifel Nicolaus lowered their price target on shares of Lululemon Athletica from $416.00 to $370.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. TD Cowen decreased their price objective on shares of Lululemon Athletica from $420.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Morgan Stanley decreased their price objective on shares of Lululemon Athletica from $326.00 to $314.00 and set an “overweight” rating for the company in a research report on Tuesday, October 1st. Evercore ISI reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of Lululemon Athletica in a research report on Monday, August 26th. Finally, Wedbush decreased their price objective on shares of Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating for the company in a research report on Wednesday, August 28th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $357.13.

Insider Activity

In other news, CEO Calvin Mcdonald purchased 4,000 shares of the 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 in the company, valued at $23,379,720. The trade was a 4.66 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nicole Neuburger sold 486 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction of $131,020.74. Following the transaction, the insider now directly owns 6,198 shares in the company, valued at approximately $1,670,918.82. The trade was a 7.27 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Down 3.1 %

Shares of LULU opened at $320.01 on Monday. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $516.39. The firm’s fifty day moving average is $286.35 and its two-hundred day moving average is $289.45. The stock has a market cap of $39.29 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 2.33 and a beta of 1.24.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results 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 net margin of 16.34% and a return on equity of 42.59%. The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the previous year, the company posted $2.68 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, research analysts anticipate that Lululemon Athletica Inc. will post 14.02 earnings per share for the current year.

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.