Shepherd Financial Partners LLC Makes New Investment in Lululemon Athletica Inc. (NASDAQ:LULU)

Shepherd Financial Partners LLC acquired a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the third quarter, HoldingsChannel reports. The firm acquired 3,511 shares of the apparel retailer’s stock, valued at approximately $953,000.

A number of other large investors have also modified their holdings of the company. Larson Financial Group LLC lifted its stake 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 purchasing an additional 43 shares during the period. Paladin Wealth LLC acquired a new position in shares of Lululemon Athletica in the 3rd quarter worth approximately $29,000. Versant Capital Management Inc lifted its position in shares of Lululemon Athletica by 61.5% during the 2nd quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock worth $31,000 after buying an additional 40 shares during the period. JFS Wealth Advisors LLC boosted its stake in Lululemon Athletica by 127.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 65 shares in the last quarter. Finally, Ridgewood Investments LLC bought a new stake in Lululemon Athletica in the second quarter valued at $33,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction of $131,020.74. Following the sale, the insider now directly owns 6,198 shares in the company, valued at approximately $1,670,918.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Calvin Mcdonald acquired 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average cost 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 owns 89,922 shares in the company, valued at $23,379,720. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Nicole Neuburger sold 486 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on LULU. Wedbush cut their price objective on Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating for the company in a report on Wednesday, August 28th. JPMorgan Chase & Co. reduced their price target on shares of Lululemon Athletica from $457.00 to $338.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. The Goldman Sachs Group cut shares of Lululemon Athletica from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $463.00 to $286.00 in a research note on Friday, August 2nd. Truist Financial reiterated a “buy” rating and issued a $310.00 target price on shares of Lululemon Athletica in a research note on Wednesday, August 28th. Finally, Wells Fargo & Company decreased their price target on Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Friday, August 23rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $354.55.

Lululemon Athletica Stock Up 6.1 %

Lululemon Athletica stock traded up $18.28 during midday trading on Friday, hitting $316.18. 1,486,972 shares of the stock were exchanged, compared to its average volume of 2,101,291. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $516.39. The stock has a market capitalization of $38.82 billion, a PE ratio of 23.02, a P/E/G ratio of 2.21 and a beta of 1.25. The company has a fifty day simple moving average of $273.47 and a two-hundred day simple moving average of $293.07.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.22. The company 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%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.68 EPS. As a group, equities research analysts anticipate that Lululemon Athletica Inc. will post 14.02 EPS for the current fiscal year.

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.