Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 51.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,677 shares of the apparel retailer’s stock after purchasing an additional 571 shares during the period. Advisors Asset Management Inc.’s holdings in Lululemon Athletica were worth $455,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in shares of Lululemon Athletica by 9.8% during the third quarter. PNC Financial Services Group Inc. now owns 17,692 shares of the apparel retailer’s stock worth $4,801,000 after purchasing an additional 1,579 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Lululemon Athletica in the 3rd quarter valued at about $2,195,000. LGT Capital Partners LTD. increased its position in Lululemon Athletica by 8.4% in the 3rd quarter. LGT Capital Partners LTD. now owns 317,718 shares of the apparel retailer’s stock valued at $86,213,000 after acquiring an additional 24,501 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co increased its position in Lululemon Athletica by 1.5% in the 3rd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 13,761 shares of the apparel retailer’s stock valued at $3,734,000 after acquiring an additional 202 shares during the period. Finally, Aviance Capital Partners LLC acquired a new position in Lululemon Athletica in the 3rd quarter valued at about $1,575,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Telsey Advisory Group dropped their price target on Lululemon Athletica from $470.00 to $360.00 and set an “outperform” rating on the stock in a research report on Monday, August 26th. Deutsche Bank Aktiengesellschaft boosted their price target on Lululemon Athletica from $291.00 to $292.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Guggenheim dropped their price target on Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Citigroup dropped their price target on Lululemon Athletica from $300.00 to $270.00 and set a “neutral” rating on the stock in a research report on Thursday, August 22nd. Finally, Oppenheimer dropped their target price on Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $356.03.

Lululemon Athletica Stock Performance

LULU stock opened at $319.52 on Thursday. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $516.39. The stock’s 50 day moving average price is $295.06 and its 200 day moving average price is $287.84. The firm has a market cap of $39.23 billion, a P/E ratio of 24.69, a PEG ratio of 2.38 and a beta of 1.24.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly 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 return on equity of 42.59% and a net margin of 16.34%. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the prior year, the company posted $2.68 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, research analysts predict that Lululemon Athletica Inc. will post 14.02 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Nicole Neuburger sold 486 shares of the company’s 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 $1,670,918.82. This represents a 7.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Calvin Mcdonald acquired 4,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were purchased at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the completion of the acquisition, the chief executive officer now owns 89,922 shares in the company, valued at approximately $23,379,720. The trade was a 4.66 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.48% of the company’s stock.

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.