Proffitt & Goodson Inc. Makes New $604,000 Investment in Lululemon Athletica Inc. (NASDAQ:LULU)

Proffitt & Goodson Inc. acquired a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,227 shares of the apparel retailer's stock, valued at approximately $604,000.

A number of other hedge funds also recently made changes to their positions in LULU. Larson Financial Group LLC grew its position in shares of Lululemon Athletica by 78.2% during the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer's stock worth $29,000 after buying an additional 43 shares in the last quarter. Paladin Wealth LLC acquired a new position in Lululemon Athletica in the third quarter worth $29,000. Versant Capital Management Inc boosted its holdings in Lululemon Athletica by 61.5% in the second quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer's stock worth $31,000 after purchasing an additional 40 shares during the period. JFS Wealth Advisors LLC boosted its holdings in 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 during the period. Finally, Ridgewood Investments LLC acquired a new position in Lululemon Athletica in the second quarter worth $33,000. Hedge funds and other institutional investors own 85.20% of the company's stock.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the business's stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the completion of the transaction, the insider now owns 6,198 shares of the company's stock, valued at approximately $1,670,918.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, 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 sale, the insider now owns 6,198 shares of the company's stock, valued at $1,670,918.82. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Calvin Mcdonald purchased 4,000 shares of Lululemon Athletica stock in a transaction dated Tuesday, September 3rd. The shares were acquired at an average cost of $260.00 per share, with a total value of $1,040,000.00. Following the transaction, the chief executive officer now directly owns 89,922 shares in the company, valued at approximately $23,379,720. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.48% of the stock is owned by insiders.

Lululemon Athletica Trading Up 3.1 %

Shares of LULU stock traded up $9.68 during trading hours on Monday, hitting $318.21. 1,239,494 shares of the company's stock were exchanged, compared to its average volume of 2,102,870. The company has a market capitalization of $39.07 billion, a PE ratio of 23.84, a PEG ratio of 2.24 and a beta of 1.24. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $516.39. The business's 50 day simple moving average is $279.60 and its 200-day simple moving average is $290.76.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its 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 firm 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 revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the business earned $2.68 earnings per share. Equities analysts anticipate that Lululemon Athletica Inc. will post 14.02 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on LULU shares. Evercore ISI reiterated an "outperform" rating and issued a $300.00 price target on shares of Lululemon Athletica in a research report on Monday, August 26th. Barclays reduced their price target on shares of Lululemon Athletica from $263.00 to $261.00 and set an "equal weight" rating for the company in a research report on Friday, August 30th. Telsey Advisory Group lowered their price objective on shares of Lululemon Athletica from $470.00 to $360.00 and set an "outperform" rating on the stock in a research report on Monday, August 26th. The Goldman Sachs Group downgraded shares of Lululemon Athletica from a "buy" rating to a "neutral" rating and cut their target price for the stock from $463.00 to $286.00 in a research report on Friday, August 2nd. Finally, Wells Fargo & Company dropped their price target on shares of Lululemon Athletica from $350.00 to $285.00 and set an "equal weight" rating on the stock in a research note on Friday, August 23rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $357.13.

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.