Private Ocean LLC Boosts Stock Holdings in Lululemon Athletica inc. (NASDAQ:LULU)

Private Ocean LLC raised its holdings in Lululemon Athletica inc. (NASDAQ:LULU) by 58.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 405 shares of the apparel retailer’s stock after purchasing an additional 150 shares during the period. Private Ocean LLC’s holdings in Lululemon Athletica were worth $78,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Next Capital Management LLC boosted its stake in Lululemon Athletica by 15.6% during the second quarter. Next Capital Management LLC now owns 437 shares of the apparel retailer’s stock worth $79,000 after acquiring an additional 59 shares in the last quarter. Commonwealth Bank of Australia increased its stake in shares of Lululemon Athletica by 35.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 259 shares of the apparel retailer’s stock worth $45,000 after purchasing an additional 68 shares during the last quarter. Golden State Wealth Management LLC increased its stake in shares of Lululemon Athletica by 70.0% during the 3rd quarter. Golden State Wealth Management LLC now owns 170 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 70 shares during the last quarter. Advantage Investment Management LLC increased its stake in shares of Lululemon Athletica by 9.4% during the 2nd quarter. Advantage Investment Management LLC now owns 851 shares of the apparel retailer’s stock worth $153,000 after purchasing an additional 73 shares during the last quarter. Finally, West Oak Capital LLC increased its stake in shares of Lululemon Athletica by 60.0% during the 3rd quarter. West Oak Capital LLC now owns 200 shares of the apparel retailer’s stock worth $39,000 after purchasing an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

LULU has been the topic of several recent analyst reports. Wedbush boosted their price objective on shares of Lululemon Athletica from $175.00 to $190.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. They noted that the move was a valuation call. ValuEngine downgraded Lululemon Athletica from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Deutsche Bank lifted their target price on Lululemon Athletica from $205.00 to $216.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Susquehanna Bancshares set a $222.00 target price on Lululemon Athletica and gave the stock a “buy” rating in a research report on Thursday, September 5th. Finally, Piper Jaffray Companies set a $227.00 target price on Lululemon Athletica and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Fourteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. Lululemon Athletica currently has an average rating of “Buy” and an average price target of $211.79.

In related news, Director Dennis J. Wilson sold 99,133 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $201.79, for a total value of $20,004,048.07. Following the completion of the sale, the director now directly owns 3,852 shares in the company, valued at $777,295.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dennis J. Wilson sold 46,725 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $195.94, for a total value of $9,155,296.50. Following the completion of the sale, the director now owns 3,852 shares of the company’s stock, valued at $754,760.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 420,548 shares of company stock valued at $79,395,186. 0.34% of the stock is owned by insiders.

LULU traded up $1.31 on Friday, hitting $204.13. The company had a trading volume of 1,302,500 shares, compared to its average volume of 2,027,649. The stock has a fifty day moving average price of $198.53 and a 200-day moving average price of $185.33. The stock has a market capitalization of $25.32 billion, a price-to-earnings ratio of 53.16, a P/E/G ratio of 2.26 and a beta of 0.67. Lululemon Athletica inc. has a 12-month low of $110.71 and a 12-month high of $209.02. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.52 and a current ratio of 2.41.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, September 5th. The apparel retailer reported $0.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.07. The company had revenue of $883.35 million during the quarter, compared to analyst estimates of $845.03 million. Lululemon Athletica had a net margin of 14.93% and a return on equity of 39.54%. The company’s revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the business posted $0.71 earnings per share. Analysts forecast that Lululemon Athletica inc. will post 4.74 EPS for the current fiscal year.

About Lululemon Athletica

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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