We Are One Seven LLC bought a new stake in shares of Lululemon Athletica inc. (NASDAQ:LULU) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 1,880 shares of the apparel retailer’s stock, valued at approximately $305,000.
Several other institutional investors have also made changes to their positions in the stock. Atria Investments LLC bought a new stake in shares of Lululemon Athletica during the 3rd quarter valued at about $794,000. Denali Advisors LLC boosted its position in shares of Lululemon Athletica by 50.0% during the 3rd quarter. Denali Advisors LLC now owns 19,800 shares of the apparel retailer’s stock valued at $3,217,000 after purchasing an additional 6,600 shares in the last quarter. Silverleafe Capital Partners LLC bought a new stake in shares of Lululemon Athletica during the 3rd quarter valued at about $211,000. United Services Automobile Association boosted its position in shares of Lululemon Athletica by 32.5% during the 2nd quarter. United Services Automobile Association now owns 26,744 shares of the apparel retailer’s stock valued at $3,339,000 after purchasing an additional 6,553 shares in the last quarter. Finally, Royal London Asset Management Ltd. bought a new stake in shares of Lululemon Athletica during the 2nd quarter valued at about $5,312,000. Institutional investors own 79.57% of the company’s stock.
Several equities research analysts recently commented on LULU shares. Wells Fargo & Co upgraded Lululemon Athletica from a “market perform” rating to an “outperform” rating and upped their target price for the company from $144.00 to $200.00 in a research report on Monday, September 17th. Morgan Stanley upped their target price on Lululemon Athletica from $108.00 to $133.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 4th. Zacks Investment Research upgraded Lululemon Athletica from a “hold” rating to a “strong-buy” rating and set a $181.00 price target on the stock in a report on Wednesday, September 5th. B. Riley increased their price target on Lululemon Athletica from $112.00 to $141.00 and gave the stock a “neutral” rating in a report on Friday, August 31st. Finally, Barclays increased their price target on Lululemon Athletica from $150.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, August 31st. Fifteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. Lululemon Athletica presently has a consensus rating of “Buy” and a consensus price target of $153.48.
Shares of Lululemon Athletica stock opened at $143.71 on Friday. The company has a market capitalization of $21.51 billion, a PE ratio of 55.25, a P/E/G ratio of 2.37 and a beta of 0.10. Lululemon Athletica inc. has a 52 week low of $57.40 and a 52 week high of $164.79.
Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, August 30th. The apparel retailer reported $0.71 EPS for the quarter, topping the consensus estimate of $0.49 by $0.22. The firm had revenue of $723.50 million during the quarter, compared to the consensus estimate of $669.14 million. Lululemon Athletica had a return on equity of 28.67% and a net margin of 11.97%. During the same period in the prior year, the business posted $0.39 earnings per share. As a group, equities research analysts predict that Lululemon Athletica inc. will post 3.57 EPS for the current year.
About Lululemon Athletica
lululemon athletica inc., an athletic apparel company, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.
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