Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by Prospera Financial Services Inc

Prospera Financial Services Inc boosted its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULUGet Rating) by 14.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 824 shares of the apparel retailer’s stock after acquiring an additional 105 shares during the quarter. Prospera Financial Services Inc’s holdings in Lululemon Athletica were worth $231,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Pacific Global Investment Management Co. increased its stake in Lululemon Athletica by 1.2% during the second quarter. Pacific Global Investment Management Co. now owns 2,694 shares of the apparel retailer’s stock worth $734,000 after acquiring an additional 33 shares during the last quarter. Kistler Tiffany Companies LLC grew its stake in shares of Lululemon Athletica by 6.3% in the second quarter. Kistler Tiffany Companies LLC now owns 561 shares of the apparel retailer’s stock valued at $153,000 after buying an additional 33 shares in the last quarter. AM Investment Strategies LLC grew its stake in shares of Lululemon Athletica by 1.6% in the second quarter. AM Investment Strategies LLC now owns 2,278 shares of the apparel retailer’s stock valued at $621,000 after buying an additional 36 shares in the last quarter. Lineweaver Wealth Advisors LLC grew its stake in shares of Lululemon Athletica by 3.2% in the second quarter. Lineweaver Wealth Advisors LLC now owns 1,198 shares of the apparel retailer’s stock valued at $326,000 after buying an additional 37 shares in the last quarter. Finally, Clearstead Advisors LLC grew its stake in shares of Lululemon Athletica by 4.4% in the second quarter. Clearstead Advisors LLC now owns 875 shares of the apparel retailer’s stock valued at $239,000 after buying an additional 37 shares in the last quarter. Institutional investors and hedge funds own 82.04% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LULU. Cowen lifted their price objective on Lululemon Athletica from $535.00 to $542.00 and gave the company an “outperform” rating in a research note on Monday, December 5th. UBS Group dropped their price objective on Lululemon Athletica from $395.00 to $390.00 and set a “neutral” rating for the company in a research note on Friday, December 9th. Telsey Advisory Group lowered their target price on Lululemon Athletica from $470.00 to $425.00 and set an “outperform” rating for the company in a research note on Tuesday. Raymond James boosted their target price on Lululemon Athletica from $345.00 to $438.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, December 6th. Finally, Morgan Stanley boosted their target price on Lululemon Athletica from $343.00 to $387.00 and gave the stock an “overweight” rating in a research note on Friday, December 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $408.07.

Lululemon Athletica Stock Performance

Lululemon Athletica stock opened at $314.99 on Friday. Lululemon Athletica Inc. has a fifty-two week low of $251.51 and a fifty-two week high of $410.70. The company has a market capitalization of $40.17 billion, a P/E ratio of 34.61, a PEG ratio of 1.50 and a beta of 1.35. The stock has a 50-day simple moving average of $337.94 and a 200-day simple moving average of $317.97.

Lululemon Athletica (NASDAQ:LULUGet Rating) last posted its earnings results on Thursday, December 8th. The apparel retailer reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.04. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. Lululemon Athletica had a return on equity of 41.13% and a net margin of 15.66%. The business’s quarterly revenue was up 28.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.62 EPS. As a group, analysts forecast that Lululemon Athletica Inc. will post 9.95 earnings per share for the current year.

Lululemon Athletica Company Profile

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Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women and men. It operates in 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.

Further Reading

Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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