WealthPlan Investment Management LLC Increases Position in Lululemon Athletica Inc. (NASDAQ:LULU)

WealthPlan Investment Management LLC raised its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 55.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,089 shares of the apparel retailer’s stock after acquiring an additional 1,818 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Lululemon Athletica were worth $1,381,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Larson Financial Group LLC increased its holdings in Lululemon Athletica by 78.2% in the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 43 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Lululemon Athletica by 61.5% in the 2nd quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 40 shares during the last quarter. Paladin Wealth LLC acquired a new stake in shares of Lululemon Athletica during the 3rd quarter worth about $29,000. Ridgewood Investments LLC purchased a new stake in shares of Lululemon Athletica during the 2nd quarter worth approximately $33,000. Finally, Dnca Finance purchased a new stake in Lululemon Athletica in the second quarter valued at approximately $34,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Stock Performance

Lululemon Athletica stock opened at $318.46 on Tuesday. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $516.39. The firm has a 50 day moving average price of $279.60 and a 200 day moving average price of $290.76. The company has a market cap of $39.10 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 2.24 and a beta of 1.24.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, beating the consensus estimate of $2.93 by $0.22. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter last year, the firm posted $2.68 earnings per share. Lululemon Athletica’s revenue for the quarter was up 9.1% compared to the same quarter last year. Sell-side analysts predict that Lululemon Athletica Inc. will post 14.02 EPS for the current year.

Insider Buying and Selling

In related news, CEO Calvin Mcdonald purchased 4,000 shares of Lululemon Athletica stock in a transaction dated 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 transaction, the chief executive officer now owns 89,922 shares of the company’s stock, valued at approximately $23,379,720. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Calvin Mcdonald purchased 4,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were acquired at an average cost of $260.00 per share, for a total transaction of $1,040,000.00. Following the transaction, the chief executive officer now owns 89,922 shares of the company’s stock, valued at $23,379,720. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nicole Neuburger sold 486 shares of the business’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 value of $131,020.74. Following the transaction, the insider now owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. UBS Group cut their target price on shares of Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating on the stock in a report on Tuesday, August 20th. Stifel Nicolaus decreased their target price on shares of Lululemon Athletica from $416.00 to $370.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Sanford C. Bernstein dropped their price target on Lululemon Athletica from $345.00 to $325.00 and set a “market perform” rating on the stock in a research report on Friday, August 30th. KeyCorp reduced their price objective on Lululemon Athletica from $415.00 to $350.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Finally, Wedbush lowered their target price on Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 28th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $357.13.

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.