Choreo LLC Has $1.69 Million Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Choreo LLC grew its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 680.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,601 shares of the apparel retailer’s stock after acquiring an additional 4,883 shares during the quarter. Choreo LLC’s holdings in Lululemon Athletica were worth $1,691,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of LULU. Tidemark LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter valued at approximately $26,000. Scarborough Advisors LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter valued at approximately $26,000. Benjamin Edwards Inc. boosted its holdings in shares of Lululemon Athletica by 176.0% in the 1st quarter. Benjamin Edwards Inc. now owns 69 shares of the apparel retailer’s stock valued at $27,000 after buying an additional 44 shares during the last quarter. Riverview Trust Co acquired a new stake in shares of Lululemon Athletica in the 1st quarter valued at approximately $29,000. Finally, Larson Financial Group LLC boosted its holdings in shares of Lululemon Athletica by 78.2% in the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 43 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, CEO Calvin Mcdonald acquired 4,000 shares of Lululemon Athletica stock in a transaction that occurred on Tuesday, September 3rd. The shares were acquired at an average cost of $260.00 per share, with a total value of $1,040,000.00. Following the completion of the purchase, the chief executive officer now directly owns 89,922 shares of the company’s stock, valued at approximately $23,379,720. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.48% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on LULU shares. TD Securities raised their price target on Lululemon Athletica from $375.00 to $382.00 and gave the company a “buy” rating in a report on Friday, August 30th. Stifel Nicolaus cut their price target on Lululemon Athletica from $416.00 to $370.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. KeyCorp cut their price target on Lululemon Athletica from $415.00 to $350.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Bank of America cut their price target on Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating for the company in a report on Friday, August 30th. Finally, Robert W. Baird cut their price target on Lululemon Athletica from $470.00 to $350.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $354.94.

Lululemon Athletica Stock Up 3.2 %

NASDAQ:LULU opened at $255.20 on Thursday. The stock’s 50-day simple moving average is $263.45 and its 200 day simple moving average is $327.92. The firm has a market capitalization of $31.90 billion, a PE ratio of 20.47, a price-to-earnings-growth ratio of 1.37 and a beta of 1.25. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.22. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.41 billion. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. Lululemon Athletica’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted $2.68 earnings per share. On average, analysts anticipate that Lululemon Athletica Inc. will post 14.03 EPS for the current fiscal year.

Lululemon Athletica announced that its Board of Directors has approved a share buyback plan on Wednesday, June 5th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the apparel retailer to repurchase up to 2.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

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.