IRON Financial LLC Invests $234,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

IRON Financial LLC bought a new position in Lululemon Athletica Inc. (NASDAQ:LULU) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 863 shares of the apparel retailer’s stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LULU. Larson Financial Group LLC raised its holdings in shares of Lululemon Athletica by 78.2% during the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after acquiring an additional 43 shares in the last quarter. Versant Capital Management Inc raised its stake in Lululemon Athletica by 61.5% during the second quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 40 shares in the last quarter. Paladin Wealth LLC bought a new position in Lululemon Athletica during the third quarter valued at $29,000. Ridgewood Investments LLC purchased a new position in shares of Lululemon Athletica in the 2nd quarter worth $33,000. Finally, Dnca Finance bought a new stake in shares of Lululemon Athletica in the 2nd quarter worth about $34,000. 85.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LULU has been the subject of a number of analyst reports. Wells Fargo & Company dropped their price target on Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating for the company in a research report on Friday, August 23rd. TD Cowen dropped their target price on Lululemon Athletica from $420.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, August 27th. KeyCorp decreased their price target on Lululemon Athletica from $415.00 to $350.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Bank of America dropped their price objective 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. Finally, Jefferies Financial Group reiterated an “underperform” rating and set a $220.00 price target on shares of Lululemon Athletica in a report on Thursday, July 25th. Two equities 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $354.55.

Insiders Place Their Bets

In related news, CEO Calvin Mcdonald acquired 4,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were purchased at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 89,922 shares in the company, valued at $23,379,720. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Nicole Neuburger sold 486 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $1,670,918.82. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Calvin Mcdonald acquired 4,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were acquired at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the completion of the purchase, the chief executive officer now owns 89,922 shares in the company, valued at approximately $23,379,720. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica Price Performance

Lululemon Athletica stock traded down $8.55 during trading hours on Thursday, reaching $295.30. The stock had a trading volume of 696,998 shares, compared to its average volume of 2,099,159. The company has a market cap of $36.26 billion, a price-to-earnings ratio of 23.48, a PEG ratio of 2.17 and a beta of 1.25. The business’s 50 day moving average price is $272.78 and its 200-day moving average price is $293.03. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $516.39.

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

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.