Apollon Wealth Management LLC Has $695,000 Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Apollon Wealth Management LLC lifted its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 29.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,561 shares of the apparel retailer’s stock after acquiring an additional 577 shares during the period. Apollon Wealth Management LLC’s holdings in Lululemon Athletica were worth $695,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Larson Financial Group LLC raised its position in shares of Lululemon Athletica by 78.2% in the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 43 shares during the period. Versant Capital Management Inc grew 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 during the last quarter. Paladin Wealth LLC bought a new position in Lululemon Athletica in the 3rd quarter worth $29,000. Ridgewood Investments LLC acquired a new position in Lululemon Athletica during the 2nd quarter worth $33,000. Finally, Dnca Finance bought a new stake in Lululemon Athletica during the second quarter valued at about $34,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LULU has been the subject of several research analyst reports. Jefferies Financial Group reissued an “underperform” rating and set a $220.00 price objective on shares of Lululemon Athletica in a research report on Thursday, July 25th. The Goldman Sachs Group lowered Lululemon Athletica from a “buy” rating to a “neutral” rating and cut their price target for the stock from $463.00 to $286.00 in a report on Friday, August 2nd. Bank of America lowered their price objective 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. Guggenheim decreased their price target on shares of Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Finally, Barclays cut their price objective on shares of Lululemon Athletica from $263.00 to $261.00 and set an “equal weight” rating for the company in a research report on Friday, August 30th. Two research 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. According to data from MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and a consensus price target of $357.13.

Lululemon Athletica Stock Performance

Lululemon Athletica stock opened at $320.01 on Friday. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $516.39. The firm has a market cap of $39.29 billion, a P/E ratio of 24.73, a P/E/G ratio of 2.39 and a beta of 1.24. The business’s fifty day moving average is $285.03 and its two-hundred day moving average is $290.70.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share for the quarter, topping 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 company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the previous year, the firm posted $2.68 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. On average, equities research analysts predict that Lululemon Athletica Inc. will post 14.02 earnings per share for the current year.

Insider Activity at Lululemon Athletica

In related news, insider Nicole Neuburger sold 486 shares of the 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 in the company, valued at approximately $1,670,918.82. This represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Calvin Mcdonald purchased 4,000 shares of the stock in a transaction 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 completion of the purchase, the chief executive officer now directly owns 89,922 shares in the company, 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 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.