Bell & Brown Wealth Advisors LLC reduced its position in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 5.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,585 shares of the apparel retailer’s stock after selling 665 shares during the period. Lululemon Athletica comprises 1.8% of Bell & Brown Wealth Advisors LLC’s portfolio, making the stock its 20th largest position. Bell & Brown Wealth Advisors LLC’s holdings in Lululemon Athletica were worth $2,229,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LULU. Envestnet Asset Management Inc. lifted its position in shares of Lululemon Athletica by 5.2% during the first quarter. Envestnet Asset Management Inc. now owns 44,784 shares of the apparel retailer’s stock worth $7,339,000 after purchasing an additional 2,213 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Lululemon Athletica by 8.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,148 shares of the apparel retailer’s stock valued at $188,000 after acquiring an additional 86 shares in the last quarter. Sawtooth Solutions LLC acquired a new stake in Lululemon Athletica in the first quarter valued at $220,000. MML Investors Services LLC raised its holdings in Lululemon Athletica by 73.2% in the first quarter. MML Investors Services LLC now owns 4,907 shares of the apparel retailer’s stock valued at $804,000 after acquiring an additional 2,074 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in Lululemon Athletica by 338.5% in the first quarter. Private Advisor Group LLC now owns 7,407 shares of the apparel retailer’s stock valued at $1,214,000 after acquiring an additional 5,718 shares in the last quarter. 81.00% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently issued reports on LULU. Morgan Stanley upped their price target on shares of Lululemon Athletica from $163.00 to $169.00 and gave the company an “equal weight” rating in a report on Friday, September 6th. B. Riley set a $176.00 price target on shares of Lululemon Athletica and gave the company a “hold” rating in a report on Friday, September 6th. Wedbush upped their price target on shares of Lululemon Athletica from $175.00 to $190.00 and gave the company a “neutral” rating in a report on Friday, September 6th. They noted that the move was a valuation call. JPMorgan Chase & Co. upped their price target on shares of Lululemon Athletica from $200.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Finally, Telsey Advisory Group upped their price target on shares of Lululemon Athletica from $205.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, September 6th. Twelve research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $206.71.

LULU stock traded up $0.79 during trading on Wednesday, hitting $192.16. 613,279 shares of the company’s stock traded hands, compared to its average volume of 2,065,452. The company has a quick ratio of 1.52, a current ratio of 2.41 and a debt-to-equity ratio of 0.38. Lululemon Athletica inc. has a 52 week low of $110.71 and a 52 week high of $204.44. The stock has a fifty day moving average price of $189.48 and a two-hundred day moving average price of $179.22. The stock has a market capitalization of $24.93 billion, a price-to-earnings ratio of 50.04, a price-to-earnings-growth ratio of 2.24 and a beta of 0.66.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, September 5th. The apparel retailer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.07. Lululemon Athletica had a net margin of 14.93% and a return on equity of 39.54%. The firm had revenue of $883.35 million during the quarter, compared to analyst estimates of $845.03 million. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. As a group, equities research analysts expect that Lululemon Athletica inc. will post 4.74 EPS for the current fiscal year.

In other news, Director Dennis J. Wilson sold 46,725 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $195.94, for a total transaction of $9,155,296.50. Following the completion of the transaction, the director now owns 3,852 shares in the company, valued at $754,760.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dennis J. Wilson sold 164,061 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $182.89, for a total transaction of $30,005,116.29. Following the transaction, the director now owns 3,852 shares of the company’s stock, valued at approximately $704,492.28. The disclosure for this sale can be found here. Insiders have sold 420,548 shares of company stock valued at $79,395,186 in the last 90 days. Insiders own 0.34% of the company’s stock.

About Lululemon Athletica

lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.

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Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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