Stephens Inc. AR Sells 223 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Stephens Inc. AR decreased its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 8.0% during the third quarter, HoldingsChannel.com reports. The firm owned 2,582 shares of the apparel retailer’s stock after selling 223 shares during the period. Stephens Inc. AR’s holdings in Lululemon Athletica were worth $701,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Aspen Wealth Strategies LLC lifted its holdings in shares of Lululemon Athletica by 42.4% in the third quarter. Aspen Wealth Strategies LLC now owns 1,521 shares of the apparel retailer’s stock worth $413,000 after buying an additional 453 shares in the last quarter. IRON Financial LLC purchased a new stake in Lululemon Athletica in the 3rd quarter worth approximately $234,000. United Asset Strategies Inc. lifted its stake in Lululemon Athletica by 152.3% in the 3rd quarter. United Asset Strategies Inc. now owns 5,622 shares of the apparel retailer’s stock worth $1,526,000 after purchasing an additional 3,394 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Lululemon Athletica by 32,300.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 324 shares of the apparel retailer’s stock valued at $88,000 after purchasing an additional 323 shares in the last quarter. Finally, Financial Advocates Investment Management increased its holdings in shares of Lululemon Athletica by 97.9% in the third quarter. Financial Advocates Investment Management now owns 2,960 shares of the apparel retailer’s stock worth $803,000 after purchasing an additional 1,464 shares during the period. Institutional investors own 85.20% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Calvin Mcdonald bought 4,000 shares of the business’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 purchase, the chief executive officer now owns 89,922 shares of the company’s stock, valued at approximately $23,379,720. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Calvin Mcdonald bought 4,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was bought at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the purchase, the chief executive officer now directly owns 89,922 shares in the company, valued at $23,379,720. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $131,020.74. Following the completion of the sale, the insider now directly owns 6,198 shares in the company, valued at approximately $1,670,918.82. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Lululemon Athletica Price Performance

Shares of NASDAQ:LULU opened at $319.23 on Wednesday. The stock’s 50-day moving average is $276.41 and its 200 day moving average is $291.84. The company has a market cap of $39.20 billion, a PE ratio of 24.67, a P/E/G ratio of 2.34 and a beta of 1.24. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.22. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the previous year, the firm earned $2.68 earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year. Analysts expect that Lululemon Athletica Inc. will post 14.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on LULU shares. TD Cowen reduced their target price on Lululemon Athletica from $420.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Truist Financial boosted their price objective on Lululemon Athletica from $310.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft raised their target price on shares of Lululemon Athletica from $291.00 to $292.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. UBS Group decreased their price target on shares of Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating on the stock in a report on Tuesday, August 20th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and set a $220.00 price objective on shares of Lululemon Athletica in a report on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, Lululemon Athletica has an average rating of “Moderate Buy” and a consensus price target of $356.16.

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.