Nations Financial Group Inc. IA ADV Purchases New Shares in Lululemon Athletica Inc. (NASDAQ:LULU)

Nations Financial Group Inc. IA ADV purchased a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the third quarter, HoldingsChannel reports. The fund purchased 5,280 shares of the apparel retailer’s stock, valued at approximately $1,433,000.

A number of other hedge funds also recently bought and sold shares of LULU. Value Star Asset Management Hong Kong Ltd raised its stake in Lululemon Athletica by 19,890.3% during the second quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer’s stock valued at $1,390,074,000 after purchasing an additional 4,630,466 shares in the last quarter. International Assets Investment Management LLC increased its position in Lululemon Athletica by 74,856.2% during the third quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock valued at $243,055,000 after acquiring an additional 894,531 shares during the last quarter. River Road Asset Management LLC bought a new position in Lululemon Athletica during the third quarter valued at $79,503,000. Marshall Wace LLP increased its position in Lululemon Athletica by 359.4% during the second quarter. Marshall Wace LLP now owns 204,500 shares of the apparel retailer’s stock valued at $61,084,000 after acquiring an additional 283,344 shares during the last quarter. Finally, Swedbank AB increased its position in Lululemon Athletica by 151.0% during the third quarter. Swedbank AB now owns 367,584 shares of the apparel retailer’s stock valued at $99,744,000 after acquiring an additional 221,112 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insider Activity at Lululemon Athletica

In related news, CEO Calvin Mcdonald acquired 4,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 89,922 shares of the company’s stock, valued at $23,379,720. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Nicole Neuburger sold 486 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the transaction, the insider now owns 6,198 shares in the company, valued at approximately $1,670,918.82. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Calvin Mcdonald purchased 4,000 shares of the business’s stock in a transaction that occurred on 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 acquisition, the chief executive officer now owns 89,922 shares in the company, valued at $23,379,720. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.48% of the stock is currently owned by insiders.

Lululemon Athletica Stock Performance

LULU stock opened at $318.46 on Tuesday. The firm has a market cap of $39.10 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 2.24 and a beta of 1.24. The firm has a 50-day simple moving average of $279.60 and a two-hundred day simple moving average of $290.76. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $516.39.

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LULU. Evercore ISI reiterated an “outperform” rating and set a $300.00 price objective on shares of Lululemon Athletica in a research report on Monday, August 26th. TD Securities boosted their price objective on shares of Lululemon Athletica from $375.00 to $382.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Wells Fargo & Company cut their price objective on shares of Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Friday, August 23rd. Sanford C. Bernstein cut their price target on shares of Lululemon Athletica from $345.00 to $325.00 and set a “market perform” rating on the stock in a report on Friday, August 30th. Finally, Telsey Advisory Group cut their price target on shares of Lululemon Athletica from $470.00 to $360.00 and set an “outperform” rating on the stock in a report on Monday, August 26th. Two equities 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $357.13.

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.