Lululemon Athletica Inc. (NASDAQ:LULU) Shares Purchased by IHT Wealth Management LLC

IHT Wealth Management LLC boosted its position in Lululemon Athletica Inc. (NASDAQ:LULU – Get Rating) by 16.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,727 shares of the apparel retailer’s stock after purchasing an additional 389 shares during the quarter. IHT Wealth Management LLC’s holdings in Lululemon Athletica were worth $762,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in LULU. Guardian Wealth Advisors LLC acquired a new position in Lululemon Athletica in the 3rd quarter valued at $26,000. Ronald Blue Trust Inc. acquired a new position in Lululemon Athletica in the 2nd quarter valued at $30,000. Private Trust Co. NA acquired a new position in Lululemon Athletica in the 2nd quarter valued at $49,000. Tyler Stone Wealth Management raised its stake in Lululemon Athletica by 660.0% in the 2nd quarter. Tyler Stone Wealth Management now owns 190 shares of the apparel retailer’s stock valued at $52,000 after purchasing an additional 165 shares during the last quarter. Finally, Tobam raised its stake in Lululemon Athletica by 94.2% in the 3rd quarter. Tobam now owns 200 shares of the apparel retailer’s stock valued at $56,000 after purchasing an additional 97 shares during the last quarter. 82.04% of the stock is owned by institutional investors and hedge funds.

Lululemon Athletica Stock Performance

Shares of LULU opened at $294.74 on Friday. Lululemon Athletica Inc. has a 1 year low of $251.51 and a 1 year high of $410.70. The stock has a market capitalization of $37.58 billion, a PE ratio of 32.39, a PEG ratio of 1.30 and a beta of 1.35. The stock has a 50-day simple moving average of $310.71 and a 200-day simple moving average of $320.90.

Wall Street Analysts Forecast Growth

LULU has been the subject of a number of recent research reports. Wells Fargo & Company raised Lululemon Athletica from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $360.00 to $380.00 in a research note on Friday, January 6th. Argus cut their target price on Lululemon Athletica from $415.00 to $350.00 and set a “buy” rating for the company in a research note on Wednesday, January 11th. Redburn Partners initiated coverage on Lululemon Athletica in a research note on Thursday. They issued a “sell” rating and a $257.00 target price for the company. Raymond James raised 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, Credit Suisse Group raised their price objective on Lululemon Athletica from $390.00 to $465.00 and gave the stock an “outperform” rating in a research report on Monday, December 5th. Three analysts have rated the stock with a sell rating, four have given a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $398.23.

Lululemon Athletica Company Profile

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lululemon athletica, Inc engages in the designing, distributing and retail of athletic apparel and accessories. It operates through the following business segments: Company-Operated Stores, Direct to Consumer. The Company-Operated Stores segment comprises lululemon and ivivva brands; and specialize in athletic wear for female youth.