Lebenthal Global Advisors LLC Grows Position in Lululemon Athletica Inc. (NASDAQ:LULU)

by · The Cerbat Gem

Lebenthal Global Advisors LLC raised its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU – Free Report) by 23.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,133 shares of the apparel retailer’s stock after buying an additional 215 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in Lululemon Athletica were worth $307,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of LULU. Larson Financial Group LLC lifted its position in shares of 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 purchasing an additional 43 shares in the last quarter. Paladin Wealth LLC acquired a new stake in shares of Lululemon Athletica during the third quarter worth about $29,000. Versant Capital Management Inc lifted its position in shares of Lululemon Athletica by 61.5% during the second quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 40 shares in the last quarter. JFS Wealth Advisors LLC lifted its position in shares of Lululemon Athletica by 127.5% during the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 65 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new stake in shares of Lululemon Athletica during the second quarter worth about $33,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Trading Up 7.8 %

Lululemon Athletica stock opened at $321.17 on Friday. The stock has a market cap of $39.43 billion, a PE ratio of 24.82, a P/E/G ratio of 2.21 and a beta of 1.25. The stock has a 50-day moving average price of $274.52 and a 200 day moving average price of $292.97. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $516.39.

Lululemon Athletica (NASDAQ:LULU – Get Free Report) last posted 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 firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.68 EPS. On average, equities analysts predict that Lululemon Athletica Inc. will post 14.02 EPS for the current year.

Insider Buying and Selling at Lululemon Athletica

In other news, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction dated 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 $1,670,918.82. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Calvin Mcdonald purchased 4,000 shares of Lululemon Athletica stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 owns 89,922 shares of the company’s stock, valued at approximately $23,379,720. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Nicole Neuburger sold 486 shares of the business’s 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 in the company, valued at $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.

Wall Street Analyst Weigh In

LULU has been the topic of a number of recent research reports. Wedbush cut their target price 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. Wells Fargo & Company cut their target price on shares of Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating on the stock in a research note on Friday, August 23rd. KeyCorp cut 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. Robert W. Baird cut their target price on shares of Lululemon Athletica from $470.00 to $350.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Finally, Piper Sandler increased their price target on shares of Lululemon Athletica from $250.00 to $260.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, Lululemon Athletica currently has an average rating of “Moderate Buy” and a consensus target price of $354.55.

Read Our Latest Research Report on Lululemon Athletica

Lululemon Athletica Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding LULU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lululemon Athletica Inc. (NASDAQ:LULU – Free Report).