Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC lifted its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 178.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 6,277 shares of the apparel retailer’s stock after buying an additional 4,024 shares during the period. OneDigital Investment Advisors LLC’s holdings in Lululemon Athletica were worth $1,703,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LULU. Larson Financial Group LLC raised its position in Lululemon Athletica by 78.2% during the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after acquiring an additional 43 shares during the period. Paladin Wealth LLC purchased a new position in Lululemon Athletica in the 3rd quarter valued at about $29,000. Versant Capital Management Inc lifted its stake in 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 in the last quarter. JFS Wealth Advisors LLC boosted its holdings in Lululemon Athletica by 127.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after buying an additional 65 shares during the last quarter. Finally, Ridgewood Investments LLC purchased a new stake in Lululemon Athletica during the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LULU. The Goldman Sachs Group lowered Lululemon Athletica from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $463.00 to $286.00 in a research note on Friday, August 2nd. Guggenheim dropped their target price on shares of Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating for the company in a report on Friday, August 30th. Wedbush decreased their price target on shares of Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 28th. TD Securities upped their price objective on shares of Lululemon Athletica from $375.00 to $382.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Bank of America decreased their target price on shares of Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $357.13.

Lululemon Athletica Price Performance

LULU opened at $320.01 on Monday. The business has a fifty day moving average price of $286.35 and a 200 day moving average price of $289.45. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $516.39. The stock has a market capitalization of $39.29 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 2.33 and a beta of 1.24.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, topping analysts’ consensus estimates of $2.93 by $0.22. The business 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 business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.68 earnings per share. On average, research analysts anticipate that Lululemon Athletica Inc. will post 14.02 earnings per share for the current year.

Insider Transactions at Lululemon Athletica

In related 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 purchased 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 directly owns 89,922 shares of the company’s stock, valued at $23,379,720. The trade was a 4.66 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nicole Neuburger sold 486 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were 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 of the company’s stock, valued at $1,670,918.82. This represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

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.