498 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Purchased by Wipfli Financial Advisors LLC

Wipfli Financial Advisors LLC acquired a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULUGet Rating) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 498 shares of the apparel retailer’s stock, valued at approximately $139,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LULU. Janney Capital Management LLC grew its holdings in Lululemon Athletica by 1.0% in the 3rd quarter. Janney Capital Management LLC now owns 24,535 shares of the apparel retailer’s stock valued at $6,859,000 after buying an additional 243 shares during the period. Fifth Third Bancorp grew its holdings in Lululemon Athletica by 10.0% in the 3rd quarter. Fifth Third Bancorp now owns 21,699 shares of the apparel retailer’s stock valued at $6,067,000 after buying an additional 1,980 shares during the period. Versor Investments LP purchased a new stake in Lululemon Athletica in the 3rd quarter valued at about $838,000. Raymond James & Associates grew its holdings in Lululemon Athletica by 0.6% in the 3rd quarter. Raymond James & Associates now owns 120,578 shares of the apparel retailer’s stock valued at $33,709,000 after buying an additional 751 shares during the period. Finally, AE Wealth Management LLC grew its holdings in Lululemon Athletica by 78.5% in the 3rd quarter. AE Wealth Management LLC now owns 4,594 shares of the apparel retailer’s stock valued at $1,284,000 after buying an additional 2,021 shares during the period. Hedge funds and other institutional investors own 82.04% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. UBS Group reduced their price objective on Lululemon Athletica from $395.00 to $390.00 and set a “neutral” rating on the stock in a research note on Friday, December 9th. Stifel Nicolaus lifted their price objective on Lululemon Athletica from $400.00 to $450.00 in a research note on Monday, December 5th. Robert W. Baird lifted their price objective on Lululemon Athletica from $430.00 to $435.00 and gave the company an “outperform” rating in a research note on Friday, December 9th. Raymond James lifted their price objective on Lululemon Athletica from $345.00 to $438.00 and gave the company a “strong-buy” rating in a research note on Tuesday, December 6th. Finally, Credit Suisse Group lifted their price objective on Lululemon Athletica from $390.00 to $465.00 and gave the company an “outperform” rating in a research note on Monday, December 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $415.50.

Lululemon Athletica Trading Down 9.3 %

Shares of NASDAQ LULU opened at $298.66 on Tuesday. Lululemon Athletica Inc. has a twelve month low of $251.51 and a twelve month high of $410.70. The company has a market capitalization of $38.08 billion, a price-to-earnings ratio of 32.82, a price-to-earnings-growth ratio of 1.65 and a beta of 1.35. The business has a 50 day simple moving average of $338.50 and a 200-day simple moving average of $317.92.

Lululemon Athletica (NASDAQ:LULUGet Rating) last issued its quarterly earnings data on Thursday, December 8th. The apparel retailer reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.04. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. Lululemon Athletica had a return on equity of 41.13% and a net margin of 15.66%. The firm’s revenue was up 28.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.62 EPS. As a group, equities analysts predict that Lululemon Athletica Inc. will post 9.95 earnings per share for the current year.

Lululemon Athletica Profile

(Get Rating)

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women and men. It operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits.

Further Reading

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Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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