L & S Advisors Inc Purchases Shares of 7,066 Lululemon Athletica Inc. (NASDAQ:LULU)

L & S Advisors Inc acquired a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 7,066 shares of the apparel retailer's stock, valued at approximately $1,917,000.

Several other institutional investors and hedge funds have also bought and sold shares of LULU. Larson Financial Group LLC lifted its stake 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 purchasing an additional 43 shares during the period. Paladin Wealth LLC acquired a new position in shares of Lululemon Athletica in the 3rd quarter valued at $29,000. Versant Capital Management Inc lifted its stake in shares of Lululemon Athletica by 61.5% in the 2nd quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer's stock valued at $31,000 after purchasing an additional 40 shares during the period. JFS Wealth Advisors LLC lifted its stake in shares of Lululemon Athletica by 127.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer's stock valued at $31,000 after purchasing an additional 65 shares during the period. Finally, Ridgewood Investments LLC acquired a new position in shares of Lululemon Athletica in the 2nd quarter valued at $33,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LULU has been the subject of a number of research analyst reports. Stifel Nicolaus reduced their price objective on shares of Lululemon Athletica from $416.00 to $370.00 and set a "buy" rating for the company in a research report on Thursday, August 22nd. Needham & Company LLC initiated coverage on shares of Lululemon Athletica in a research report on Friday. They set a "hold" rating for the company. TD Securities upped their price objective on shares of Lululemon Athletica from $375.00 to $382.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. Jefferies Financial Group reaffirmed an "underperform" rating and set a $220.00 target price on shares of Lululemon Athletica in a report on Thursday, July 25th. Finally, Citigroup dropped their target price on shares of Lululemon Athletica from $300.00 to $270.00 and set a "neutral" rating for the company in a report on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $357.13.

Insider Activity at Lululemon Athletica

In related news, insider Nicole Neuburger sold 486 shares of the firm's stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the sale, the insider now owns 6,198 shares of the company's stock, valued at $1,670,918.82. This trade represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Calvin Mcdonald bought 4,000 shares of Lululemon Athletica stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average cost of $260.00 per share, for a total transaction of $1,040,000.00. Following the acquisition, the chief executive officer now owns 89,922 shares of the company's stock, valued at $23,379,720. This represents a 4.66 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.48% of the stock is owned by corporate insiders.

Lululemon Athletica Stock Performance

Shares of LULU traded up $1.97 during mid-day trading on Friday, hitting $317.11. 1,871,618 shares of the company's stock were exchanged, compared to its average volume of 2,088,529. The company has a market cap of $38.93 billion, a price-to-earnings ratio of 24.51, a P/E/G ratio of 2.20 and a beta of 1.24. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $516.39. The stock's 50-day moving average is $291.83 and its 200-day moving average is $288.87.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued 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. The business had revenue of $2.40 billion for the quarter, compared to analysts' expectations of $2.41 billion. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The business's quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.68 earnings per share. As a group, equities research analysts anticipate that Lululemon Athletica Inc. will post 14.02 EPS for the current year.

Lululemon Athletica 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.