EP Wealth Advisors LLC Raises Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

EP Wealth Advisors LLC boosted its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 14.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,826 shares of the apparel retailer’s stock after acquiring an additional 360 shares during the quarter. EP Wealth Advisors LLC’s holdings in Lululemon Athletica were worth $767,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Rockline Wealth Management LLC grew its holdings in shares of Lululemon Athletica by 1.3% during the 2nd quarter. Rockline Wealth Management LLC now owns 3,314 shares of the apparel retailer’s stock worth $990,000 after purchasing an additional 43 shares during the period. Larson Financial Group LLC grew its stake in 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 during the period. HHM Wealth Advisors LLC increased its position in shares of Lululemon Athletica by 66.7% in the second quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer’s stock worth $34,000 after acquiring an additional 46 shares in the last quarter. WD Rutherford LLC raised its stake in shares of Lululemon Athletica by 0.8% in the 2nd quarter. WD Rutherford LLC now owns 6,421 shares of the apparel retailer’s stock valued at $1,918,000 after acquiring an additional 52 shares during the period. Finally, Beacon Capital Management LLC lifted its holdings in shares of Lululemon Athletica by 27.3% during the 2nd quarter. Beacon Capital Management LLC now owns 247 shares of the apparel retailer’s stock valued at $74,000 after acquiring an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction of $131,020.74. Following the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at $1,670,918.82. The trade was a 7.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.48% of the stock is owned by insiders.

Lululemon Athletica Stock Down 1.9 %

Shares of NASDAQ LULU opened at $397.10 on Wednesday. The stock’s fifty day simple moving average is $308.46 and its 200 day simple moving average is $288.72. The stock has a market capitalization of $48.75 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 2.87 and a beta of 1.23. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter last year, the business posted $2.53 EPS. Lululemon Athletica’s revenue was up 9.1% on a year-over-year basis. As a group, analysts anticipate that Lululemon Athletica Inc. will post 14.19 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on LULU shares. Citigroup raised their price objective on Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. TD Cowen reduced their price target on Lululemon Athletica from $420.00 to $375.00 and set a “buy” rating on the stock in a research report on Tuesday, August 27th. Piper Sandler increased their price objective on shares of Lululemon Athletica from $260.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. UBS Group lifted their price objective on shares of Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Finally, Wedbush decreased their target price on shares of Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating for the company in a research note on Wednesday, August 28th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, Lululemon Athletica has a consensus rating of “Moderate Buy” and an average target price of $377.63.

About Lululemon Athletica

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.