Oxbow Advisors LLC Makes New $3.74 Million Investment in Lululemon Athletica Inc. (NASDAQ:LULU)

Oxbow Advisors LLC bought a new stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,505 shares of the apparel retailer's stock, valued at approximately $3,735,000.

Several other institutional investors have also recently made changes to their positions in the company. Tidemark LLC purchased a new stake in shares of Lululemon Athletica in the fourth quarter valued at approximately $26,000. Scarborough Advisors LLC purchased a new position in shares of Lululemon Athletica during the fourth quarter valued at $26,000. Benjamin Edwards Inc. raised its holdings in shares of Lululemon Athletica by 176.0% in the first quarter. Benjamin Edwards Inc. now owns 69 shares of the apparel retailer's stock valued at $27,000 after acquiring an additional 44 shares in the last quarter. Riverview Trust Co purchased a new stake in Lululemon Athletica in the first quarter worth about $29,000. Finally, Larson Financial Group LLC grew its holdings in Lululemon Athletica by 78.2% during the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer's stock worth $29,000 after acquiring an additional 43 shares in the last quarter. Institutional investors own 85.20% of the company's stock.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, CEO Calvin Mcdonald purchased 4,000 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased 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. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.48% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LULU. TD Securities boosted their price target on shares of Lululemon Athletica from $375.00 to $382.00 and gave the company a "buy" rating in a report on Friday, August 30th. Barclays dropped their target price on Lululemon Athletica from $263.00 to $261.00 and set an "equal weight" rating on the stock in a research report on Friday, August 30th. The Goldman Sachs Group lowered Lululemon Athletica from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $463.00 to $286.00 in a research report on Friday, August 2nd. Wells Fargo & Company dropped their price objective on Lululemon Athletica from $350.00 to $285.00 and set an "equal weight" rating on the stock in a research report on Friday, August 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Lululemon Athletica from $291.00 to $292.00 and gave the stock a "neutral" rating in a report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-one have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $354.94.

Lululemon Athletica Stock Up 0.1 %

Shares of LULU stock traded up $0.14 on Friday, hitting $253.84. The company had a trading volume of 2,589,521 shares, compared to its average volume of 2,143,810. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $516.39. The firm has a market cap of $31.73 billion, a P/E ratio of 20.36, a price-to-earnings-growth ratio of 1.40 and a beta of 1.25. The company has a 50-day moving average price of $266.51 and a 200-day moving average price of $332.93.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.93 by $0.22. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.41 billion. Lululemon Athletica had a return on equity of 42.69% and a net margin of 16.34%. Lululemon Athletica's revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.68 earnings per share. Equities research analysts expect that Lululemon Athletica Inc. will post 13.9 EPS for the current year.

Lululemon Athletica declared that its board has initiated a stock buyback plan on Wednesday, June 5th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the apparel retailer to purchase up to 2.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

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.