Soltis Investment Advisors LLC Buys 13,551 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Soltis Investment Advisors LLC lifted its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 1,935.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,251 shares of the apparel retailer's stock after acquiring an additional 13,551 shares during the period. Soltis Investment Advisors LLC's holdings in Lululemon Athletica were worth $3,867,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC increased 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 purchasing an additional 43 shares in the last quarter. Paladin Wealth LLC acquired a new position in shares of Lululemon Athletica during the third quarter worth about $29,000. Ridgewood Investments LLC bought a new position in shares of Lululemon Athletica during the second quarter worth about $33,000. HHM Wealth Advisors LLC grew its holdings in shares of Lululemon Athletica by 66.7% during the second quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer's stock worth $34,000 after buying an additional 46 shares in the last quarter. Finally, JFS Wealth Advisors LLC raised its position in 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 buying an additional 65 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Lululemon Athletica

In other news, insider Nicole Neuburger sold 486 shares of the business's stock in a transaction 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 transaction, the insider now owns 6,198 shares of the company's stock, valued at approximately $1,670,918.82. The trade was a 7.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.48% of the stock is owned by insiders.

Lululemon Athletica Stock Up 0.7 %

Shares of LULU traded up $2.65 during mid-day trading on Wednesday, hitting $399.75. 1,358,934 shares of the company's stock were exchanged, compared to its average volume of 2,127,332. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $516.39. The stock's 50-day simple moving average is $311.07 and its 200-day simple moving average is $289.39. The firm has a market cap of $49.08 billion, a price-to-earnings ratio of 28.91, a price-to-earnings-growth ratio of 2.87 and a beta of 1.23.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LULU. Jefferies Financial Group reaffirmed an "underperform" rating and set a $220.00 price target on shares of Lululemon Athletica in a research note on Monday, December 2nd. Raymond James raised their target price on shares of Lululemon Athletica from $320.00 to $355.00 in a research report on Thursday, December 5th. Robert W. Baird boosted their price target on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Evercore ISI increased their price objective on shares of Lululemon Athletica from $300.00 to $355.00 and gave the stock an "outperform" rating in a research note on Monday, December 2nd. Finally, Barclays lifted their target price on Lululemon Athletica from $261.00 to $378.00 and gave the company an "equal weight" rating in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, Lululemon Athletica presently has a consensus rating of "Moderate Buy" and an average price target 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.