Symphony Financial Ltd. Co. Invests $212,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

Symphony Financial Ltd. Co. acquired a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 757 shares of the apparel retailer’s stock, valued at approximately $212,000.

A number of other large investors also recently bought and sold shares of the business. Riverview Trust Co purchased a new position in shares of Lululemon Athletica in the 1st quarter worth approximately $29,000. Larson Financial Group LLC boosted its stake in Lululemon Athletica by 78.2% in the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after acquiring an additional 43 shares in the last quarter. Paladin Wealth LLC purchased a new position in Lululemon Athletica in the third quarter worth $29,000. Versant Capital Management Inc increased its position in shares of Lululemon Athletica by 61.5% during the second quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 40 shares in the last quarter. Finally, Ridgewood Investments LLC purchased a new stake in shares of Lululemon Athletica during the 2nd quarter valued at $33,000. Institutional investors own 85.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on LULU. Guggenheim dropped their target price on Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Jefferies Financial Group restated an “underperform” rating and set a $220.00 price objective on shares of Lululemon Athletica in a report on Thursday, July 25th. Barclays lowered their target price on shares of Lululemon Athletica from $263.00 to $261.00 and set an “equal weight” rating for the company in a research note on Friday, August 30th. Sanford C. Bernstein cut their price target on shares of Lululemon Athletica from $345.00 to $325.00 and set a “market perform” rating on the stock in a research note on Friday, August 30th. Finally, UBS Group lowered their price objective 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. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $354.55.

Lululemon Athletica Stock Performance

Lululemon Athletica stock opened at $293.14 on Thursday. The company’s fifty day moving average price is $268.39 and its 200 day moving average price is $294.69. The stock has a market capitalization of $36.64 billion, a P/E ratio of 23.51, a P/E/G ratio of 1.99 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.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) 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 42.59%. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter last year, the business earned $2.68 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. Sell-side analysts predict that Lululemon Athletica Inc. will post 14.02 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Calvin Mcdonald bought 4,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were acquired at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the completion of the transaction, the chief executive officer now directly owns 89,922 shares in the company, valued at $23,379,720. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Calvin Mcdonald acquired 4,000 shares of Lululemon Athletica stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average cost of $260.00 per share, with a total value of $1,040,000.00. Following the purchase, the chief executive officer now owns 89,922 shares in the company, valued at $23,379,720. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total transaction of $131,020.74. Following the sale, the insider now directly owns 6,198 shares in the company, valued at approximately $1,670,918.82. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.

Lululemon Athletica Company 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.