Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by Resources Management Corp CT ADV

Resources Management Corp CT ADV lifted its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 11.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,335 shares of the apparel retailer’s stock after purchasing an additional 774 shares during the quarter. Resources Management Corp CT ADV’s holdings in Lululemon Athletica were worth $1,990,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Rockline Wealth Management LLC raised its position 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 holdings in Lululemon Athletica by 78.2% in the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after buying an additional 43 shares in the last quarter. HHM Wealth Advisors LLC grew its holdings in Lululemon Athletica by 66.7% in the 2nd quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer’s stock worth $34,000 after buying an additional 46 shares in the last quarter. WD Rutherford LLC grew its holdings in Lululemon Athletica by 0.8% in the 2nd quarter. WD Rutherford LLC now owns 6,421 shares of the apparel retailer’s stock worth $1,918,000 after buying an additional 52 shares in the last quarter. Finally, Beacon Capital Management LLC grew its holdings in Lululemon Athletica by 27.3% in the 2nd quarter. Beacon Capital Management LLC now owns 247 shares of the apparel retailer’s stock worth $74,000 after buying an additional 53 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Lululemon Athletica Stock Up 1.3 %

LULU opened at $404.79 on Tuesday. The stock has a fifty day moving average of $308.46 and a 200-day moving average of $288.72. The firm has a market capitalization of $49.70 billion, a P/E ratio of 29.23, a PEG ratio of 2.87 and a beta of 1.23. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18. The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.53 earnings per share. On average, analysts expect that Lululemon Athletica Inc. will post 14.19 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Nicole Neuburger sold 486 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Guggenheim increased their price objective on Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a report on Friday. Sanford C. Bernstein decreased their price objective on Lululemon Athletica from $345.00 to $325.00 and set a “market perform” rating for the company in a report on Friday, August 30th. William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a report on Friday. Raymond James increased their price objective on Lululemon Athletica from $320.00 to $355.00 in a report on Thursday, December 5th. Finally, Morgan Stanley increased their price target on Lululemon Athletica from $345.00 to $414.00 and gave the company an “overweight” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, Lululemon Athletica currently has an average rating of “Moderate Buy” and a consensus 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.