We Are One Seven LLC Buys New Stake in Lululemon Athletica inc. (LULU)

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We Are One Seven LLC bought a new stake in shares of Lululemon Athletica inc. (NASDAQ:LULU) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,880 shares of the apparel retailer’s stock, valued at approximately $305,000.

Other large investors also recently added to or reduced their stakes in the company. Private Capital Group LLC lifted its position in shares of Lululemon Athletica by 103.3% during the 1st quarter. Private Capital Group LLC now owns 1,222 shares of the apparel retailer’s stock valued at $109,000 after acquiring an additional 621 shares during the period. Northwest Wealth Management LLC bought a new stake in shares of Lululemon Athletica during the 2nd quarter valued at $125,000. Synovus Financial Corp bought a new stake in shares of Lululemon Athletica during the 2nd quarter valued at $127,000. Smithfield Trust Co. lifted its position in shares of Lululemon Athletica by 247.8% during the 2nd quarter. Smithfield Trust Co. now owns 1,287 shares of the apparel retailer’s stock valued at $160,000 after acquiring an additional 917 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in shares of Lululemon Athletica by 104.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,413 shares of the apparel retailer’s stock valued at $177,000 after acquiring an additional 722 shares during the period. Hedge funds and other institutional investors own 79.57% of the company’s stock.

Shares of LULU opened at $143.71 on Friday. Lululemon Athletica inc. has a 12-month low of $57.40 and a 12-month high of $164.79. The stock has a market capitalization of $21.51 billion, a price-to-earnings ratio of 55.25, a PEG ratio of 2.37 and a beta of 0.10.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, August 30th. The apparel retailer reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.22. Lululemon Athletica had a return on equity of 28.67% and a net margin of 11.97%. The business had revenue of $723.50 million during the quarter, compared to analysts’ expectations of $669.14 million. During the same quarter in the prior year, the firm earned $0.39 EPS. Equities analysts forecast that Lululemon Athletica inc. will post 3.57 earnings per share for the current year.

A number of research firms have recently weighed in on LULU. Wedbush upped their target price on Lululemon Athletica from $110.00 to $176.00 and gave the company a “neutral” rating in a research report on Tuesday, October 2nd. Cowen set a $175.00 target price on Lululemon Athletica and gave the company a “buy” rating in a research report on Friday, August 31st. Barclays upped their target price on Lululemon Athletica from $150.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, August 31st. BidaskClub downgraded Lululemon Athletica from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 25th. Finally, UBS Group began coverage on Lululemon Athletica in a research report on Thursday, June 21st. They set a “neutral” rating and a $130.00 target price for the company. Fifteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. Lululemon Athletica has a consensus rating of “Buy” and an average target price of $153.48.

Lululemon Athletica Profile

lululemon athletica inc., an athletic apparel company, 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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