Stifel Financial Corp decreased its holdings in Lululemon Athletica inc. (NASDAQ:LULU) by 16.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,411 shares of the apparel retailer’s stock after selling 10,576 shares during the quarter. Stifel Financial Corp’s holdings in Lululemon Athletica were worth $10,501,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Virtus ETF Advisers LLC purchased a new position in shares of Lululemon Athletica in the second quarter worth approximately $27,000. Venturi Wealth Management LLC purchased a new position in Lululemon Athletica during the third quarter valued at approximately $29,000. Golden State Wealth Management LLC lifted its holdings in Lululemon Athletica by 70.0% during the third quarter. Golden State Wealth Management LLC now owns 170 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 70 shares in the last quarter. Motco purchased a new position in Lululemon Athletica during the second quarter valued at approximately $38,000. Finally, West Oak Capital LLC lifted its holdings in Lululemon Athletica by 60.0% during the third quarter. West Oak Capital LLC now owns 200 shares of the apparel retailer’s stock valued at $39,000 after purchasing an additional 75 shares in the last quarter. 79.81% of the stock is currently owned by institutional investors.

In related news, Director Dennis J. Wilson sold 46,725 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $195.94, for a total value of $9,155,296.50. Following the sale, the director now owns 3,852 shares in the company, valued at $754,760.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dennis J. Wilson sold 99,133 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $201.79, for a total transaction of $20,004,048.07. Following the completion of the sale, the director now owns 3,852 shares in the company, valued at approximately $777,295.08. The disclosure for this sale can be found here. Insiders own 0.34% of the company’s stock.

Several equities analysts have weighed in on LULU shares. Oppenheimer set a $225.00 price target on shares of Lululemon Athletica and gave the company a “buy” rating in a report on Friday, September 6th. Zacks Investment Research raised shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $213.00 price target on the stock in a report on Monday, September 9th. Guggenheim reaffirmed a “buy” rating and set a $220.00 price target on shares of Lululemon Athletica in a report on Thursday, September 5th. Bank of America lifted their price target on shares of Lululemon Athletica from $200.00 to $230.00 and gave the company a “buy” rating in a report on Friday, September 6th. Finally, Stifel Nicolaus set a $238.00 price target on shares of Lululemon Athletica and gave the company a “buy” rating in a report on Friday, September 6th. Thirteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $211.83.

LULU stock opened at $225.53 on Tuesday. Lululemon Athletica inc. has a one year low of $110.71 and a one year high of $229.65. The company’s fifty day moving average price is $210.35 and its 200-day moving average price is $190.28. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.52 and a current ratio of 2.41. The company has a market capitalization of $29.40 billion, a PE ratio of 58.73, a price-to-earnings-growth ratio of 2.62 and a beta of 0.66.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, September 5th. The apparel retailer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.89 by $0.07. Lululemon Athletica had a net margin of 14.93% and a return on equity of 39.54%. The firm had revenue of $883.35 million for the quarter, compared to the consensus estimate of $845.03 million. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. On average, research analysts predict that Lululemon Athletica inc. will post 4.74 EPS for the current fiscal year.

Lululemon Athletica Company Profile

lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through 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; and athletic wear for female youth.

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

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