Stifel Financial Corp Decreases Stock Holdings in Lululemon Athletica inc. (NASDAQ:LULU)

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Stifel Financial Corp trimmed its position in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 16.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 54,411 shares of the apparel retailer’s stock after selling 10,576 shares during the quarter. Stifel Financial Corp’s holdings in Lululemon Athletica were worth $10,501,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Virtus ETF Advisers LLC purchased a new stake in shares of Lululemon Athletica during the second quarter valued at about $27,000. Venturi Wealth Management LLC purchased a new stake in shares of Lululemon Athletica during the third quarter valued at about $29,000. Golden State Wealth Management LLC lifted its position in shares of Lululemon Athletica by 70.0% during the third quarter. Golden State Wealth Management LLC now owns 170 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 70 shares during the last quarter. Motco purchased a new stake in shares of Lululemon Athletica during the second quarter valued at about $38,000. Finally, West Oak Capital LLC lifted its position in shares of Lululemon Athletica by 60.0% during the third quarter. West Oak Capital LLC now owns 200 shares of the apparel retailer’s stock valued at $39,000 after buying an additional 75 shares during the last quarter. 79.81% of the stock is owned by institutional investors and hedge funds.

In related news, Director Dennis J. Wilson sold 46,725 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $195.94, for a total value of $9,155,296.50. Following the transaction, the director now owns 3,852 shares in the company, valued at approximately $754,760.88. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Dennis J. Wilson sold 99,133 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $201.79, for a total transaction of $20,004,048.07. Following the completion of the transaction, the director now owns 3,852 shares in the company, valued at approximately $777,295.08. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by corporate insiders.

Shares of NASDAQ:LULU opened at $225.53 on Tuesday. Lululemon Athletica inc. has a twelve month low of $110.71 and a twelve month high of $229.65. The company’s 50 day moving average is $210.35 and its 200 day moving average is $190.28. The company has a current ratio of 2.41, a quick ratio of 1.52 and a debt-to-equity ratio of 0.38. The company has a market cap of $29.40 billion, a PE ratio of 58.73, a price-to-earnings-growth ratio of 2.62 and a beta of 0.66.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, September 5th. The apparel retailer reported $0.96 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $883.35 million for the quarter, compared to the consensus estimate of $845.03 million. During the same quarter in the prior year, the company earned $0.71 EPS. Lululemon Athletica’s quarterly revenue was up 22.1% on a year-over-year basis. Equities research analysts predict that Lululemon Athletica inc. will post 4.74 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on LULU shares. Wells Fargo & Co upped their price objective on shares of Lululemon Athletica from $210.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Cowen upped their price objective on shares of Lululemon Athletica from $214.00 to $235.00 and gave the company an “outperform” rating in a report on Tuesday, September 17th. Raymond James started coverage on shares of Lululemon Athletica in a report on Tuesday, November 5th. They set a “strong-buy” rating and a $275.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective 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, Wedbush upped their price objective 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. Thirteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $211.83.

Lululemon Athletica Profile

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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