First Trust Direct Indexing L.P. Acquires 245 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

First Trust Direct Indexing L.P. boosted its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 13.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,111 shares of the apparel retailer’s stock after buying an additional 245 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Lululemon Athletica were worth $573,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Larson Financial Group LLC raised its holdings in Lululemon Athletica by 78.2% during the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after purchasing an additional 43 shares during the last quarter. Paladin Wealth LLC bought a new position in Lululemon Athletica during the 3rd quarter worth approximately $29,000. Versant Capital Management Inc raised its holdings in Lululemon Athletica by 61.5% during the 2nd quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 40 shares during the last quarter. Ridgewood Investments LLC bought a new position in Lululemon Athletica during the 2nd quarter worth approximately $33,000. Finally, Dnca Finance bought a new position in Lululemon Athletica during the 2nd quarter worth approximately $34,000. Institutional investors own 85.20% of the company’s stock.

Insider Buying and Selling

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

Analyst Ratings Changes

Several research firms have issued reports on LULU. Robert W. Baird lowered their price target on shares of Lululemon Athletica from $470.00 to $350.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Wedbush lowered their price objective on shares of Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating for the company in a research note on Wednesday, August 28th. The Goldman Sachs Group lowered shares of Lululemon Athletica from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $463.00 to $286.00 in a research note on Friday, August 2nd. Morgan Stanley lowered their price objective on shares of Lululemon Athletica from $326.00 to $314.00 and set an “overweight” rating for the company in a research note on Tuesday, October 1st. Finally, Wells Fargo & Company lowered their price objective on shares of Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating for the company in a research note on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, Lululemon Athletica currently has an average rating of “Moderate Buy” and a consensus price target of $354.55.

Lululemon Athletica Price Performance

LULU opened at $321.17 on Friday. The firm’s fifty day moving average price is $274.52 and its two-hundred day moving average price is $292.65. The company has a market capitalization of $39.43 billion, a price-to-earnings ratio of 24.82, a P/E/G ratio of 2.17 and a beta of 1.24. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $516.39.

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. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the previous year, the company earned $2.68 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, equities analysts anticipate that Lululemon Athletica Inc. will post 14.02 EPS for the current year.

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.