Crestwood Advisors Group LLC Purchases 62 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Crestwood Advisors Group LLC increased its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 4.6% during the 3rd quarter, Holdings Channel reports. The firm owned 1,396 shares of the apparel retailer’s stock after buying an additional 62 shares during the period. Crestwood Advisors Group LLC’s holdings in Lululemon Athletica were worth $379,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. NorthRock Partners LLC grew its position in shares of Lululemon Athletica by 150.0% in the 3rd quarter. NorthRock Partners LLC now owns 1,785 shares of the apparel retailer’s stock worth $484,000 after buying an additional 1,071 shares during the last quarter. Global Wealth Management Investment Advisory Inc. raised its holdings in shares of Lululemon Athletica by 62.0% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 5,226 shares of the apparel retailer’s stock valued at $1,418,000 after acquiring an additional 2,001 shares in the last quarter. River Road Asset Management LLC purchased a new stake in Lululemon Athletica in the third quarter worth $79,503,000. Impax Asset Management Group plc boosted its holdings in Lululemon Athletica by 10.5% in the third quarter. Impax Asset Management Group plc now owns 28,165 shares of the apparel retailer’s stock valued at $7,643,000 after acquiring an additional 2,676 shares in the last quarter. Finally, QRG Capital Management Inc. increased its position in Lululemon Athletica by 15.4% during the 3rd quarter. QRG Capital Management Inc. now owns 4,467 shares of the apparel retailer’s stock valued at $1,212,000 after purchasing an additional 595 shares during the period. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insiders Place Their Bets

In other news, insider Nicole Neuburger sold 486 shares of the 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 transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Calvin Mcdonald purchased 4,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was acquired 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 in the company, valued at $23,379,720. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $131,020.74. Following the completion of the transaction, the insider now owns 6,198 shares in the company, valued at $1,670,918.82. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LULU. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Lululemon Athletica from $291.00 to $292.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Sanford C. Bernstein cut their price objective on Lululemon Athletica from $345.00 to $325.00 and set a “market perform” rating on the stock in a research report on Friday, August 30th. Stifel Nicolaus reduced their target price on Lululemon Athletica from $416.00 to $370.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. Wells Fargo & Company lowered their target price on Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating for the company in a research note on Friday, August 23rd. Finally, Jefferies Financial Group restated an “underperform” rating and set a $220.00 price target on shares of Lululemon Athletica in a research report 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 assigned a buy rating to the company. According to MarketBeat, Lululemon Athletica currently has an average rating of “Moderate Buy” and a consensus target price of $357.13.

Lululemon Athletica Price Performance

Shares of NASDAQ:LULU opened at $313.14 on Thursday. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $516.39. The stock’s fifty day moving average price is $277.50 and its 200-day moving average price is $291.99. The company has a market cap of $38.45 billion, a P/E ratio of 24.20, a PEG ratio of 2.31 and a beta of 1.24.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter last year, the firm posted $2.68 EPS. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, sell-side 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.