Janney Montgomery Scott LLC Has $14.30 Million Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Janney Montgomery Scott LLC cut its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 2.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,711 shares of the apparel retailer’s stock after selling 1,441 shares during the period. Janney Montgomery Scott LLC’s holdings in Lululemon Athletica were worth $14,303,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Chicago Partners Investment Group LLC acquired a new stake in Lululemon Athletica during the 3rd quarter worth approximately $221,000. Farther Finance Advisors LLC lifted its holdings in shares of Lululemon Athletica by 58.0% during the third quarter. Farther Finance Advisors LLC now owns 3,461 shares of the apparel retailer’s stock worth $939,000 after buying an additional 1,270 shares in the last quarter. Shepherd Financial Partners LLC bought a new stake in shares of Lululemon Athletica in the third quarter valued at about $953,000. Silver Coast Investments LLC grew its stake in shares of Lululemon Athletica by 19.9% in the third quarter. Silver Coast Investments LLC now owns 916 shares of the apparel retailer’s stock valued at $249,000 after acquiring an additional 152 shares in the last quarter. Finally, Lebenthal Global Advisors LLC increased its position in Lululemon Athletica by 23.4% during the third quarter. Lebenthal Global Advisors LLC now owns 1,133 shares of the apparel retailer’s stock worth $307,000 after acquiring an additional 215 shares during the period. Institutional investors own 85.20% of the company’s stock.

Insider Activity at Lululemon Athletica

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

Lululemon Athletica Trading Down 1.9 %

Shares of LULU stock opened at $313.14 on Thursday. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $516.39. The stock has a market cap of $38.45 billion, a price-to-earnings ratio of 24.20, a PEG ratio of 2.31 and a beta of 1.24. The stock has a 50-day moving average of $277.50 and a 200-day moving average of $291.99.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.41 billion. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.68 EPS. Sell-side analysts forecast that Lululemon Athletica Inc. will post 14.02 earnings per share for the current year.

Analyst Ratings Changes

LULU has been the subject of a number of recent research reports. Citigroup cut their price objective on shares of Lululemon Athletica from $300.00 to $270.00 and set a “neutral” rating for the company in a report on Thursday, August 22nd. Bank of America reduced their price target on Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft raised their price objective on Lululemon Athletica from $291.00 to $292.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Morgan Stanley reduced their target price on Lululemon Athletica from $326.00 to $314.00 and set an “overweight” rating on the stock in a report on Tuesday, October 1st. Finally, Barclays decreased their price target on Lululemon Athletica from $263.00 to $261.00 and set an “equal weight” rating on the stock in a research report on Friday, August 30th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $357.13.

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.