Pathstone Holdings LLC Has $4.39 Million Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Pathstone Holdings LLC trimmed its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 9.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,190 shares of the apparel retailer’s stock after selling 1,665 shares during the quarter. Pathstone Holdings LLC’s holdings in Lululemon Athletica were worth $4,393,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC increased its position in shares of Lululemon Athletica by 78.2% during the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after acquiring an additional 43 shares in the last quarter. Paladin Wealth LLC bought a new position in Lululemon Athletica during the 3rd quarter worth about $29,000. Versant Capital Management Inc raised its stake in shares of Lululemon Athletica by 61.5% in the 2nd quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 40 shares during the period. JFS Wealth Advisors LLC lifted its holdings in shares of Lululemon Athletica by 127.5% in the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 65 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new position in shares of Lululemon Athletica during the second quarter worth about $33,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on LULU. UBS Group cut their target price on Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 20th. Barclays reduced 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 report on Friday, August 30th. Truist Financial lifted their price target on shares of Lululemon Athletica from $310.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Wedbush reduced 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. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Lululemon Athletica from $291.00 to $292.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and an average target price of $357.13.

Lululemon Athletica Trading Up 0.6 %

Shares of LULU opened at $317.11 on Friday. The stock has a market capitalization of $38.93 billion, a PE ratio of 24.51, a P/E/G ratio of 2.29 and a beta of 1.24. The firm’s 50 day moving average is $291.83 and its 200-day moving average is $288.45. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.22. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.68 EPS. Equities research analysts predict that Lululemon Athletica Inc. will post 14.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Lululemon Athletica news, CEO Calvin Mcdonald acquired 4,000 shares of the company’s 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 transaction, the chief executive officer now directly owns 89,922 shares in the company, valued at $23,379,720. This represents a 4.66 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the completion of the transaction, the insider now owns 6,198 shares in the company, valued at approximately $1,670,918.82. This represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

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.