Aptus Capital Advisors LLC Has $321,000 Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Aptus Capital Advisors LLC lifted its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULUFree Report) by 50.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 833 shares of the apparel retailer’s stock after acquiring an additional 281 shares during the period. Aptus Capital Advisors LLC’s holdings in Lululemon Athletica were worth $321,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Union Savings Bank bought a new stake in shares of Lululemon Athletica during the 2nd quarter worth about $25,000. Milestone Investment Advisors LLC bought a new stake in shares of Lululemon Athletica during the 3rd quarter worth about $27,000. Bogart Wealth LLC boosted its stake in Lululemon Athletica by 270.0% during the 3rd quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 54 shares during the period. Founders Capital Management bought a new stake in Lululemon Athletica during the 3rd quarter valued at approximately $39,000. Finally, PCA Investment Advisory Services Inc. bought a new stake in Lululemon Athletica during the 2nd quarter valued at approximately $43,000. Institutional investors own 91.50% of the company’s stock.

Wall Street Analyst Weigh In

LULU has been the subject of several recent analyst reports. Telsey Advisory Group increased their target price on Lululemon Athletica from $450.00 to $520.00 and gave the company an “outperform” rating in a research note on Friday, December 8th. BNP Paribas downgraded Lululemon Athletica from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $430.00 to $415.00 in a research note on Friday. Bank of America increased their target price on Lululemon Athletica from $450.00 to $520.00 and gave the company a “buy” rating in a research note on Friday, December 8th. Deutsche Bank Aktiengesellschaft upped their price target on Lululemon Athletica from $500.00 to $502.00 and gave the company a “buy” rating in a report on Friday, December 8th. Finally, Barclays upped their price target on Lululemon Athletica from $530.00 to $610.00 and gave the company an “overweight” rating in a report on Thursday, January 4th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $500.55.

View Our Latest Research Report on Lululemon Athletica

Lululemon Athletica Stock Performance

Shares of Lululemon Athletica stock opened at $470.24 on Monday. The business’s 50 day simple moving average is $485.11 and its 200 day simple moving average is $426.33. Lululemon Athletica Inc. has a 52-week low of $286.58 and a 52-week high of $516.39. The firm has a market cap of $59.34 billion, a PE ratio of 59.83, a P/E/G ratio of 1.64 and a beta of 1.33.

Lululemon Athletica (NASDAQ:LULUGet Free Report) last posted its quarterly earnings results on Thursday, December 7th. The apparel retailer reported $2.53 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.25. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.19 billion. Lululemon Athletica had a return on equity of 44.81% and a net margin of 10.89%. The business’s revenue was up 18.5% compared to the same quarter last year. During the same period last year, the company earned $2.00 earnings per share. As a group, equities research analysts predict that Lululemon Athletica Inc. will post 12.47 EPS for the current year.

Lululemon Athletica declared that its Board of Directors has authorized a stock buyback plan on Thursday, December 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the apparel retailer to repurchase up to 1.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Lululemon Athletica

In other news, insider Celeste Burgoyne sold 15,400 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $494.64, for a total transaction of $7,617,456.00. Following the completion of the transaction, the insider now directly owns 9,902 shares in the company, valued at approximately $4,897,925.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Celeste Burgoyne sold 15,400 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $494.64, for a total value of $7,617,456.00. Following the completion of the sale, the insider now directly owns 9,902 shares in the company, valued at approximately $4,897,925.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Meghan Frank sold 1,553 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $500.00, for a total value of $776,500.00. Following the completion of the sale, the chief financial officer now owns 8,381 shares of the company’s stock, valued at $4,190,500. The disclosure for this sale can be found here. In the last three months, insiders sold 42,658 shares of company stock worth $21,183,956. 0.54% of the stock is owned by company insiders.

Lululemon Athletica Company Profile

(Free Report)

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 operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities.

Read More

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

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