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

Advisors Asset Management Inc. boosted its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 51.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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.

Several other large investors have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its holdings in Lululemon Athletica by 9.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 17,692 shares of the apparel retailer’s stock valued at $4,801,000 after purchasing an additional 1,579 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Lululemon Athletica in the 3rd quarter valued at about $2,195,000. LGT Capital Partners LTD. lifted its position in shares of Lululemon Athletica by 8.4% during the third quarter. LGT Capital Partners LTD. now owns 317,718 shares of the apparel retailer’s stock worth $86,213,000 after purchasing an additional 24,501 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co lifted its position in shares of Lululemon Athletica by 1.5% during the third quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 13,761 shares of the apparel retailer’s stock worth $3,734,000 after purchasing an additional 202 shares during the last quarter. Finally, Aviance Capital Partners LLC bought a new position in Lululemon Athletica in the third quarter worth about $1,575,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LULU shares. Bank of America cut their target price on shares of Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Wedbush cut their target price on shares of Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating on the stock in a report on Wednesday, August 28th. TD Cowen cut their target price on shares of Lululemon Athletica from $420.00 to $375.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. TD Securities raised their target price on shares of Lululemon Athletica from $375.00 to $382.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, Oppenheimer cut their target price on shares of Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday. Two 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 MarketBeat.com, Lululemon Athletica presently has an average rating of “Moderate Buy” and an average target price of $356.03.

Insider Buying and Selling

In other news, CEO Calvin Mcdonald acquired 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was 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 4.66 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Nicole Neuburger sold 486 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Performance

Lululemon Athletica stock opened at $319.52 on Thursday. The firm has a market cap of $39.23 billion, a price-to-earnings ratio of 24.69, a price-to-earnings-growth ratio of 2.38 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. The firm’s 50 day moving average price is $295.06 and its two-hundred day moving average price is $287.84.

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

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.