Cetera Advisors LLC Has $527,000 Stock Position in Lululemon Athletica inc. (NASDAQ:LULU)

Cetera Advisors LLC grew its position in Lululemon Athletica inc. (NASDAQ:LULU) by 5.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,714 shares of the apparel retailer’s stock after buying an additional 145 shares during the period. Cetera Advisors LLC’s holdings in Lululemon Athletica were worth $527,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LULU. Algert Global LLC grew its stake in shares of Lululemon Athletica by 129.2% during the second quarter. Algert Global LLC now owns 12,875 shares of the apparel retailer’s stock worth $2,320,000 after purchasing an additional 7,257 shares during the period. Carroll Financial Associates Inc. grew its stake in shares of Lululemon Athletica by 70.3% during the third quarter. Carroll Financial Associates Inc. now owns 1,172 shares of the apparel retailer’s stock worth $225,000 after purchasing an additional 484 shares during the period. CENTRAL TRUST Co grew its stake in shares of Lululemon Athletica by 85.0% during the second quarter. CENTRAL TRUST Co now owns 1,121 shares of the apparel retailer’s stock worth $205,000 after purchasing an additional 515 shares during the period. Executive Wealth Management LLC grew its stake in shares of Lululemon Athletica by 7.6% during the second quarter. Executive Wealth Management LLC now owns 9,396 shares of the apparel retailer’s stock worth $1,693,000 after purchasing an additional 663 shares during the period. Finally, Swiss National Bank grew its stake in shares of Lululemon Athletica by 10.8% during the second quarter. Swiss National Bank now owns 366,755 shares of the apparel retailer’s stock worth $66,093,000 after purchasing an additional 35,800 shares during the period. 80.29% of the stock is owned by institutional investors.

A number of brokerages recently commented on LULU. Telsey Advisory Group lifted their price objective on Lululemon Athletica from $205.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, September 6th. Morgan Stanley lifted their price objective on Lululemon Athletica from $163.00 to $169.00 and gave the stock an “equal weight” rating in a research note on Friday, September 6th. Zacks Investment Research raised Lululemon Athletica from a “hold” rating to a “buy” rating and set a $213.00 price objective for the company in a research note on Monday, September 9th. Bank of America lifted their price objective on Lululemon Athletica from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Finally, JPMorgan Chase & Co. lifted their price objective on Lululemon Athletica from $200.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Fourteen analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $211.79.

In other news, Director Dennis J. Wilson sold 110,629 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $182.87, for a total value of $20,230,725.23. Following the sale, the director now directly owns 3,852 shares in the company, valued at $704,415.24. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Dennis J. Wilson sold 46,725 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now owns 3,852 shares in the company, valued at $754,760.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 420,548 shares of company stock worth $79,395,186. Corporate insiders own 0.34% of the company’s stock.

Shares of Lululemon Athletica stock opened at $215.91 on Monday. The firm has a market cap of $27.78 billion, a price-to-earnings ratio of 56.23, a price-to-earnings-growth ratio of 2.47 and a beta of 0.67. The stock’s 50-day moving average is $200.63 and its 200-day moving average is $186.33. Lululemon Athletica inc. has a one year low of $110.71 and a one year high of $216.05. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.41 and a quick ratio of 1.52.

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

About Lululemon Athletica

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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