Soltis Investment Advisors LLC Has $3.87 Million Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Soltis Investment Advisors LLC boosted its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 1,935.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 14,251 shares of the apparel retailer’s stock after buying an additional 13,551 shares during the period. Soltis Investment Advisors LLC’s holdings in Lululemon Athletica were worth $3,867,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. increased its position in Lululemon Athletica by 4.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 950 shares of the apparel retailer’s stock worth $258,000 after buying an additional 42 shares during the period. Rockline Wealth Management LLC grew its stake in shares of Lululemon Athletica by 1.3% in the second quarter. Rockline Wealth Management LLC now owns 3,314 shares of the apparel retailer’s stock valued at $990,000 after acquiring an additional 43 shares in the last quarter. Larson Financial Group LLC increased its position 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 acquiring an additional 43 shares during the period. HHM Wealth Advisors LLC raised its stake 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 purchasing an additional 46 shares in the last quarter. Finally, WD Rutherford LLC boosted 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 valued at $1,918,000 after purchasing an additional 52 shares during the period. 85.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Citigroup raised their target price on shares of Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Robert W. Baird raised their price objective on Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. UBS Group upped their target price on Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. KeyCorp raised their price target on Lululemon Athletica from $350.00 to $400.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, Wedbush cut their price objective on shares of Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating for the company in a research report on Wednesday, August 28th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $377.63.

Lululemon Athletica Trading Down 1.9 %

Shares of Lululemon Athletica stock opened at $397.10 on Wednesday. The business has a 50-day moving average price of $308.46 and a two-hundred day moving average price of $288.72. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $516.39. The company has a market cap of $48.75 billion, a P/E ratio of 28.67, a PEG ratio of 2.87 and a beta of 1.23.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the business earned $2.53 EPS. Equities research analysts forecast that Lululemon Athletica Inc. will post 14.19 EPS for the current fiscal year.

Insider Transactions at Lululemon Athletica

In related news, insider Nicole Neuburger sold 486 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the transaction, the insider now owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. This trade represents a 7.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.48% of the company’s stock.

Lululemon Athletica Profile

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.