JFS Wealth Advisors LLC Boosts Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

JFS Wealth Advisors LLC lifted its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 127.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 116 shares of the apparel retailer’s stock after buying an additional 65 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Lululemon Athletica were worth $31,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC raised its holdings in shares of Lululemon Athletica by 78.2% in the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 43 shares during the period. Versant Capital Management Inc raised its holdings in shares of Lululemon Athletica by 61.5% in the 2nd quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 40 shares during the period. Paladin Wealth LLC purchased a new stake in shares of Lululemon Athletica in the 3rd quarter valued at $29,000. Ridgewood Investments LLC purchased a new stake in shares of Lululemon Athletica in the 2nd quarter valued at $33,000. Finally, Dnca Finance purchased a new stake in shares of Lululemon Athletica in the 2nd quarter valued at $34,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Analyst Upgrades and Downgrades

LULU has been the topic of several research analyst reports. TD Cowen cut their price objective on Lululemon Athletica from $420.00 to $375.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. TD Securities boosted their target price on Lululemon Athletica from $375.00 to $382.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Telsey Advisory Group lowered their target price on 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 reissued an “outperform” rating and set a $300.00 target price on shares of Lululemon Athletica in a research note on Monday, August 26th. Finally, JPMorgan Chase & Co. lowered 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. Two equities research 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $354.55.

Insider Buying and Selling at Lululemon Athletica

In related news, CEO Calvin Mcdonald acquired 4,000 shares of Lululemon Athletica stock in a transaction on Tuesday, September 3rd. The stock was purchased at an average cost of $260.00 per share, with a total value of $1,040,000.00. Following the purchase, the chief executive officer now directly owns 89,922 shares in the company, valued at approximately $23,379,720. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Lululemon Athletica news, CEO Calvin Mcdonald bought 4,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was acquired at an average cost of $260.00 per share, with a total value of $1,040,000.00. Following the purchase, the chief executive officer now owns 89,922 shares in the company, valued at approximately $23,379,720. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Nicole Neuburger sold 486 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.

Lululemon Athletica Stock Up 7.8 %

Shares of NASDAQ LULU opened at $321.17 on Friday. The stock has a market cap of $39.43 billion, a PE ratio of 24.82, a price-to-earnings-growth ratio of 2.21 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 business has a 50-day moving average price of $274.52 and a 200 day moving average price of $292.97.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, beating the consensus estimate of $2.93 by $0.22. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate 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 was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.68 EPS. Sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.02 earnings per share 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.