3,224 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Acquired by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC acquired a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,224 shares of the apparel retailer's stock, valued at approximately $875,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Value Star Asset Management Hong Kong Ltd grew its holdings in shares of Lululemon Athletica by 19,890.3% during the 2nd quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer's stock worth $1,390,074,000 after purchasing an additional 4,630,466 shares during the period. Geode Capital Management LLC raised its stake in shares of Lululemon Athletica by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer's stock valued at $669,036,000 after acquiring an additional 44,294 shares during the period. American Century Companies Inc. lifted its holdings in shares of Lululemon Athletica by 4.9% during the 2nd quarter. American Century Companies Inc. now owns 1,769,096 shares of the apparel retailer's stock valued at $528,429,000 after acquiring an additional 82,731 shares in the last quarter. Legal & General Group Plc boosted its position in Lululemon Athletica by 3.7% during the 2nd quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer's stock worth $310,763,000 after purchasing an additional 37,239 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in Lululemon Athletica by 74,856.2% in the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer's stock valued at $243,055,000 after purchasing an additional 894,531 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company's stock.

Lululemon Athletica Stock Down 2.6 %

NASDAQ LULU traded down $10.42 during trading hours on Thursday, hitting $389.33. The company had a trading volume of 1,568,120 shares, compared to its average volume of 2,125,005. The firm has a market cap of $47.80 billion, a P/E ratio of 28.48, a price-to-earnings-growth ratio of 2.87 and a beta of 1.23. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $516.39. The business has a fifty day simple moving average of $313.85 and a 200-day simple moving average of $290.16.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping the consensus estimate of $2.69 by $0.18. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company's quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.53 earnings per share. Equities analysts forecast that Lululemon Athletica Inc. will post 14.19 EPS for the current fiscal year.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of the firm's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the transaction, the insider now owns 12,429 shares of the company's stock, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nicole Neuburger sold 486 shares of the company'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 sale, the insider now directly owns 6,198 shares of the company's stock, valued at approximately $1,670,918.82. This represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on LULU. Deutsche Bank Aktiengesellschaft raised their target price on Lululemon Athletica from $292.00 to $396.00 and gave the company a "hold" rating in a report on Monday. TD Cowen dropped their price target on shares of Lululemon Athletica from $420.00 to $375.00 and set a "buy" rating on the stock in a research note on Tuesday, August 27th. Jefferies Financial Group reissued an "underperform" rating and issued a $220.00 price objective on shares of Lululemon Athletica in a research report on Monday, December 2nd. KeyCorp boosted their price target on Lululemon Athletica from $350.00 to $400.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. Finally, William Blair reissued an "outperform" rating on shares of Lululemon Athletica in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $377.63.

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.