Blackhawk Capital Partners LLC. Acquires Shares of 7,665 Lululemon Athletica Inc. (NASDAQ:LULU)

Blackhawk Capital Partners LLC. bought a new position in Lululemon Athletica Inc. (NASDAQ:LULU) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 7,665 shares of the apparel retailer’s stock, valued at approximately $2,080,000.

A number of other institutional investors have also recently modified their holdings of LULU. Pacer Advisors Inc. grew its position in Lululemon Athletica by 4.8% during the 3rd quarter. Pacer Advisors Inc. now owns 27,132 shares of the apparel retailer’s stock valued at $7,362,000 after purchasing an additional 1,243 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of Lululemon Athletica by 32.4% in the third quarter. Intech Investment Management LLC now owns 76,995 shares of the apparel retailer’s stock worth $20,893,000 after buying an additional 18,852 shares in the last quarter. Citizens Financial Group Inc. RI lifted its holdings in shares of Lululemon Athletica by 20.9% during the third quarter. Citizens Financial Group Inc. RI now owns 1,017 shares of the apparel retailer’s stock valued at $276,000 after purchasing an additional 176 shares in the last quarter. Moors & Cabot Inc. bought a new stake in shares of Lululemon Athletica in the third quarter worth approximately $392,000. Finally, Advisors Asset Management Inc. grew its stake in shares of Lululemon Athletica by 51.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,677 shares of the apparel retailer’s stock valued at $455,000 after purchasing an additional 571 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total transaction of $131,020.74. Following the completion of the sale, the insider now directly owns 6,198 shares in the company, valued at approximately $1,670,918.82. This trade represents a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 dated Tuesday, September 3rd. The stock was bought at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the completion of the acquisition, the chief executive officer now owns 89,922 shares of the company’s stock, valued at approximately $23,379,720. The trade was a 4.66 % increase in their position. The disclosure for this purchase can be found here. 0.48% of the stock is owned by insiders.

Lululemon Athletica Stock Performance

Shares of Lululemon Athletica stock opened at $308.31 on Thursday. The stock has a market cap of $37.85 billion, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 2.20 and a beta of 1.24. The stock has a 50 day moving average price of $289.73 and a 200-day moving average price of $288.92. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.68 earnings per share. Sell-side 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 analysts have commented on the company. TD Securities upped their price target on Lululemon Athletica from $375.00 to $382.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Bank of America reduced their target price on shares of Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating for the company in a report on Friday, August 30th. Wells Fargo & Company lowered their price target on shares of Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating on the stock in a report on Friday, August 23rd. Morgan Stanley reduced 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 note on Tuesday, October 1st. Finally, KeyCorp lowered their target price on shares of Lululemon Athletica from $415.00 to $350.00 and set an “overweight” 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and a consensus target price of $357.13.

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.