Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC grew its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 3.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,145 shares of the apparel retailer’s stock after purchasing an additional 75 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Lululemon Athletica were worth $582,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. First Business Financial Services Inc. boosted its position in shares of Lululemon Athletica by 12.1% in the third quarter. First Business Financial Services Inc. now owns 4,070 shares of the apparel retailer’s stock worth $1,104,000 after acquiring an additional 440 shares during the last quarter. CIBC Asset Management Inc lifted its position in Lululemon Athletica by 4.4% during the third quarter. CIBC Asset Management Inc now owns 36,272 shares of the apparel retailer’s stock valued at $9,842,000 after buying an additional 1,521 shares in the last quarter. Intellectus Partners LLC lifted its position in Lululemon Athletica by 17.8% during the third quarter. Intellectus Partners LLC now owns 4,345 shares of the apparel retailer’s stock valued at $1,179,000 after buying an additional 655 shares in the last quarter. OneDigital Investment Advisors LLC lifted its position in Lululemon Athletica by 178.6% during the third quarter. OneDigital Investment Advisors LLC now owns 6,277 shares of the apparel retailer’s stock valued at $1,703,000 after buying an additional 4,024 shares in the last quarter. Finally, Impax Asset Management Group plc lifted its position in Lululemon Athletica by 10.5% during the third quarter. Impax Asset Management Group plc now owns 28,165 shares of the apparel retailer’s stock valued at $7,643,000 after buying an additional 2,676 shares in the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Lululemon Athletica Price Performance

Lululemon Athletica stock opened at $320.01 on Friday. The stock has a fifty day moving average price of $286.35 and a two-hundred day moving average price of $290.39. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $516.39. The firm has a market capitalization of $39.29 billion, a P/E ratio of 24.73, a P/E/G ratio of 2.39 and a beta of 1.24.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.22. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same period in the prior year, the company posted $2.68 earnings per share. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities research analysts predict that Lululemon Athletica Inc. will post 14.02 EPS for the current fiscal year.

Insider Activity

In other news, insider Nicole Neuburger sold 486 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the completion of the sale, the insider now directly owns 6,198 shares in the company, valued at approximately $1,670,918.82. This trade represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Calvin Mcdonald purchased 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the acquisition, the chief executive officer now owns 89,922 shares of the company’s stock, valued at $23,379,720. The trade was a 4.66 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.48% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on LULU shares. Evercore ISI reiterated an “outperform” rating and set a $300.00 price objective on shares of Lululemon Athletica in a research note on Monday, August 26th. Bank of America lowered their target price on shares of Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Piper Sandler boosted their target price on shares of Lululemon Athletica from $250.00 to $260.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Truist Financial boosted their target price on shares of Lululemon Athletica from $310.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Lululemon Athletica from $457.00 to $338.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $357.13.

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.