Executive Wealth Management LLC Buys 614 Shares of Lululemon Athletica inc. (NASDAQ:LULU)

Executive Wealth Management LLC raised its stake in Lululemon Athletica inc. (NASDAQ:LULU) by 16.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,315 shares of the apparel retailer’s stock after buying an additional 614 shares during the quarter. Executive Wealth Management LLC’s holdings in Lululemon Athletica were worth $1,421,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Chickasaw Capital Management LLC lifted its position in shares of Lululemon Athletica by 0.7% in the third quarter. Chickasaw Capital Management LLC now owns 4,105 shares of the apparel retailer’s stock worth $1,352,000 after purchasing an additional 30 shares in the last quarter. Stratos Wealth Partners LTD. increased its holdings in shares of Lululemon Athletica by 2.8% in the second quarter. Stratos Wealth Partners LTD. now owns 1,195 shares of the apparel retailer’s stock valued at $373,000 after purchasing an additional 32 shares during the last quarter. Gradient Capital Advisors LLC grew its stake in shares of Lululemon Athletica by 1.3% in the second quarter. Gradient Capital Advisors LLC now owns 2,546 shares of the apparel retailer’s stock valued at $794,000 after acquiring an additional 33 shares in the last quarter. Meridian Wealth Management LLC grew its stake in shares of Lululemon Athletica by 4.1% in the third quarter. Meridian Wealth Management LLC now owns 854 shares of the apparel retailer’s stock valued at $281,000 after acquiring an additional 34 shares in the last quarter. Finally, Clean Yield Group grew its stake in shares of Lululemon Athletica by 68.6% in the third quarter. Clean Yield Group now owns 86 shares of the apparel retailer’s stock valued at $28,000 after acquiring an additional 35 shares in the last quarter. 83.33% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ LULU traded down $3.87 during mid-day trading on Monday, hitting $330.05. The company’s stock had a trading volume of 40,463 shares, compared to its average volume of 1,963,012. The company’s 50 day simple moving average is $330.87 and its 200 day simple moving average is $301.87. Lululemon Athletica inc. has a twelve month low of $128.85 and a twelve month high of $399.90. The firm has a market capitalization of $43.51 billion, a price-to-earnings ratio of 81.97, a PEG ratio of 3.96 and a beta of 1.12.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Tuesday, September 8th. The apparel retailer reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.18. Lululemon Athletica had a net margin of 13.94% and a return on equity of 29.52%. The business had revenue of $902.90 million during the quarter, compared to the consensus estimate of $847.38 million. During the same quarter last year, the firm posted $0.96 EPS. Lululemon Athletica’s revenue was up 2.2% compared to the same quarter last year. On average, analysts predict that Lululemon Athletica inc. will post 4.25 earnings per share for the current fiscal year.

LULU has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of Lululemon Athletica from a “buy” rating to a “hold” rating and set a $340.00 price objective on the stock. in a research note on Thursday, September 10th. Royal Bank of Canada increased their target price on shares of Lululemon Athletica from $348.00 to $435.00 and gave the stock an “outperform” rating in a report on Friday, September 4th. UBS Group increased their target price on shares of Lululemon Athletica from $300.00 to $326.00 and gave the stock a “neutral” rating in a report on Wednesday, September 9th. Morgan Stanley increased their target price on shares of Lululemon Athletica from $320.00 to $325.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Lululemon Athletica from $341.00 to $298.00 and set a “hold” rating for the company in a report on Wednesday, September 9th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Lululemon Athletica currently has an average rating of “Buy” and a consensus target price of $355.61.

Lululemon Athletica Company Profile

lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through 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; and athletic wear for female youth.

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

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