Brown Financial Advisors Buys Shares of 871 Lululemon Athletica Inc. (NASDAQ:LULU)

Brown Financial Advisors bought a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 871 shares of the apparel retailer’s stock, valued at approximately $260,000.

Several other institutional investors have also added to or reduced their stakes in the business. Scarborough Advisors LLC bought a new position in shares of Lululemon Athletica during the 4th quarter valued at $26,000. Richardson Financial Services Inc. bought a new position in shares of Lululemon Athletica during the 4th quarter valued at $31,000. True Wealth Design LLC lifted its holdings in shares of Lululemon Athletica by 2,950.0% during the 4th quarter. True Wealth Design LLC now owns 61 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 59 shares during the period. Benjamin Edwards Inc. lifted its holdings in shares of Lululemon Athletica by 176.0% during the 1st quarter. Benjamin Edwards Inc. now owns 69 shares of the apparel retailer’s stock valued at $27,000 after buying an additional 44 shares during the period. Finally, Riverview Trust Co bought a new position in shares of Lululemon Athletica during the 1st quarter valued at $29,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on LULU shares. Guggenheim lowered their price target on Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Citigroup decreased their target price on Lululemon Athletica from $300.00 to $270.00 and set a “neutral” rating on the stock in a report on Thursday, August 22nd. UBS Group decreased their target price on Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating on the stock in a report on Tuesday, August 20th. Barclays decreased their target price on Lululemon Athletica from $263.00 to $261.00 and set an “equal weight” rating on the stock in a report on Friday, August 30th. Finally, The Goldman Sachs Group cut Lululemon Athletica from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $463.00 to $286.00 in a report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $354.55.

Insider Transactions at Lululemon Athletica

In related news, CEO Calvin Mcdonald bought 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the acquisition, the chief executive officer now owns 89,922 shares of the company’s stock, valued at $23,379,720. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Calvin Mcdonald purchased 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 completion of the transaction, the chief executive officer now directly owns 89,922 shares in the company, valued at $23,379,720. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nicole Neuburger sold 486 shares of the company’s stock in a transaction dated 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 directly owns 6,198 shares of the company’s stock, valued at $1,670,918.82. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Performance

Shares of LULU opened at $260.53 on Thursday. The business’s 50-day moving average is $256.88 and its two-hundred day moving average is $307.51. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $516.39. The company has a market capitalization of $32.57 billion, a P/E ratio of 20.89, a P/E/G ratio of 1.40 and a beta of 1.25.

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, topping analysts’ consensus estimates of $2.93 by $0.22. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.41 billion. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the company posted $2.68 EPS. Analysts forecast that Lululemon Athletica Inc. will post 14.03 EPS for the current year.

Lululemon Athletica announced that its board has authorized a share buyback plan on Wednesday, June 5th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the apparel retailer to repurchase up to 2.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

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.