GM Advisory Group LLC Has $599,000 Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

GM Advisory Group LLC increased its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 3.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,007 shares of the apparel retailer’s stock after purchasing an additional 65 shares during the period. GM Advisory Group LLC’s holdings in Lululemon Athletica were worth $599,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Wealth Advisors of Tampa Bay LLC boosted its position in shares of Lululemon Athletica by 19.6% during the 2nd quarter. Wealth Advisors of Tampa Bay LLC now owns 3,237 shares of the apparel retailer’s stock worth $967,000 after acquiring an additional 530 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of Lululemon Athletica by 865.2% during the 2nd quarter. Intech Investment Management LLC now owns 58,143 shares of the apparel retailer’s stock worth $17,367,000 after acquiring an additional 52,119 shares in the last quarter. XTX Topco Ltd boosted its position in shares of Lululemon Athletica by 281.4% during the 2nd quarter. XTX Topco Ltd now owns 8,894 shares of the apparel retailer’s stock worth $2,657,000 after acquiring an additional 6,562 shares in the last quarter. Seven Eight Capital LP acquired a new stake in shares of Lululemon Athletica during the 2nd quarter worth approximately $3,546,000. Finally, Gardner Lewis Asset Management L P boosted its position in shares of Lululemon Athletica by 13.6% during the 2nd quarter. Gardner Lewis Asset Management L P now owns 11,637 shares of the apparel retailer’s stock worth $3,476,000 after acquiring an additional 1,395 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on LULU shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of Lululemon Athletica from $291.00 to $292.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Robert W. Baird dropped their price objective on shares of Lululemon Athletica from $470.00 to $350.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Evercore ISI reissued an “outperform” rating and issued a $300.00 price objective on shares of Lululemon Athletica in a research note on Monday, August 26th. 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. Finally, Oppenheimer reissued an “outperform” rating and issued a $445.00 price objective on shares of Lululemon Athletica in a research note on Thursday, June 6th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $354.94.

Insider Activity

In other Lululemon Athletica news, CEO Calvin Mcdonald acquired 4,000 shares of Lululemon Athletica stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average cost 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 directly owns 89,922 shares of the company’s stock, valued at $23,379,720. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Up 0.2 %

LULU opened at $270.76 on Friday. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $516.39. The company has a fifty day moving average of $260.28 and a 200-day moving average of $320.61. The stock has a market cap of $33.85 billion, a PE ratio of 21.71, a price-to-earnings-growth ratio of 1.38 and a beta of 1.25.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, topping analysts’ consensus estimates of $2.93 by $0.22. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the company posted $2.68 earnings per share. Sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.03 EPS for the current fiscal year.

Lululemon Athletica declared that its Board of Directors has initiated a share repurchase plan on Wednesday, June 5th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the apparel retailer to repurchase up to 2.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Lululemon Athletica Profile

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.