Foundations Investment Advisors LLC Acquires 176 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Foundations Investment Advisors LLC increased its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 20.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,025 shares of the apparel retailer’s stock after acquiring an additional 176 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Lululemon Athletica were worth $306,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Lululemon Athletica by 1.6% during the first quarter. Vanguard Group Inc. now owns 9,847,954 shares of the apparel retailer’s stock worth $3,847,103,000 after buying an additional 154,985 shares in the last quarter. Value Star Asset Management Hong Kong Ltd grew its holdings in shares of Lululemon Athletica by 19,890.3% during the 2nd quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer’s stock worth $1,390,074,000 after purchasing an additional 4,630,466 shares in the last quarter. Capital World Investors increased its position in shares of Lululemon Athletica by 0.9% during the fourth quarter. Capital World Investors now owns 1,547,793 shares of the apparel retailer’s stock valued at $791,371,000 after purchasing an additional 14,112 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Lululemon Athletica by 1.7% in the first quarter. Bank of New York Mellon Corp now owns 1,139,812 shares of the apparel retailer’s stock valued at $445,268,000 after purchasing an additional 18,924 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Lululemon Athletica by 32.7% in the fourth quarter. Northern Trust Corp now owns 1,046,011 shares of the apparel retailer’s stock worth $534,815,000 after purchasing an additional 257,944 shares during the period. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LULU has been the subject of a number of recent research reports. Raymond James dropped their price objective on shares of Lululemon Athletica from $350.00 to $325.00 and set an “outperform” rating for the company in a research note on Monday, September 2nd. UBS Group cut their price target on shares of Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating for the company in a research note on Tuesday, August 20th. Barclays lowered their price objective on Lululemon Athletica from $263.00 to $261.00 and set an “equal weight” rating on the stock in a research note on Friday, August 30th. Guggenheim dropped their target price on Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating for the company in a report on Friday, August 30th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and issued a $220.00 price target on shares of Lululemon Athletica in a research note on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $354.94.

Lululemon Athletica Trading Up 0.1 %

Lululemon Athletica stock opened at $253.84 on Friday. The company has a market cap of $31.73 billion, a PE ratio of 20.36, a PEG ratio of 1.40 and a beta of 1.25. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $516.39. The company’s 50-day moving average is $266.51 and its two-hundred day moving average is $332.15.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share 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 42.69%. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period in the prior year, the business posted $2.68 earnings per share. Lululemon Athletica’s revenue was up 9.1% compared to the same quarter last year. Research analysts forecast that Lululemon Athletica Inc. will post 13.9 EPS for the current year.

Lululemon Athletica announced that its Board of Directors has approved a share repurchase plan on Wednesday, June 5th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the apparel retailer to purchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity

In related news, CEO Calvin Mcdonald acquired 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the completion of the acquisition, the chief executive officer now owns 89,922 shares of the company’s stock, valued at approximately $23,379,720. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.48% of the stock is currently owned by company insiders.

About Lululemon Athletica

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.