Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC raised its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 178.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 6,277 shares of the apparel retailer's stock after purchasing an additional 4,024 shares during the period. OneDigital Investment Advisors LLC's holdings in Lululemon Athletica were worth $1,703,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of LULU. Larson Financial Group LLC lifted its position in Lululemon Athletica by 78.2% in the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer's stock valued at $29,000 after buying an additional 43 shares during the last quarter. Paladin Wealth LLC acquired a new stake in shares of Lululemon Athletica during the third quarter worth approximately $29,000. Versant Capital Management Inc grew its position in 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 buying an additional 40 shares in the last quarter. JFS Wealth Advisors LLC lifted its position in shares of Lululemon Athletica by 127.5% in the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer's stock worth $31,000 after purchasing an additional 65 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new position in Lululemon Athletica during the second quarter valued at approximately $33,000. Hedge funds and other 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 Lululemon Athletica 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 transaction, the chief executive officer now directly owns 89,922 shares in the company, valued at $23,379,720. This trade represents a 4.66 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Nicole Neuburger sold 486 shares of the company's stock in a transaction dated Thursday, September 26th. The shares were 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 owns 6,198 shares in the company, valued at approximately $1,670,918.82. This trade 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.

Lululemon Athletica Trading Down 3.3 %

NASDAQ:LULU traded down $10.48 during trading hours on Monday, reaching $309.53. The company had a trading volume of 1,862,315 shares, compared to its average volume of 2,094,958. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $516.39. The firm has a market cap of $38.00 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 2.33 and a beta of 1.24. The firm's 50 day moving average price is $286.35 and its 200-day moving average price is $289.45.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.68 EPS. On average, analysts forecast that Lululemon Athletica Inc. will post 14.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on LULU. KeyCorp decreased their target price on Lululemon Athletica from $415.00 to $350.00 and set an "overweight" rating for the company in a research report on Friday, August 30th. Morgan Stanley decreased their price objective on Lululemon Athletica from $326.00 to $314.00 and set an "overweight" rating on the stock in a report on Tuesday, October 1st. Stifel Nicolaus cut their target price on Lululemon Athletica from $416.00 to $370.00 and set a "buy" rating for the company in a research report on Thursday, August 22nd. Raymond James cut their target price on Lululemon Athletica from $350.00 to $325.00 and set an "outperform" rating for the company in a research report on Monday, September 2nd. Finally, Telsey Advisory Group dropped their price objective on Lululemon Athletica from $470.00 to $360.00 and set an "outperform" rating for the company in a research report on Monday, August 26th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $357.13.

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.