Dynamic Advisor Solutions LLC Grows Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Dynamic Advisor Solutions LLC grew its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 4.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,781 shares of the apparel retailer’s stock after acquiring an additional 124 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Lululemon Athletica were worth $831,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Lululemon Athletica by 1.6% in the first quarter. Vanguard Group Inc. now owns 9,847,954 shares of the apparel retailer’s stock valued at $3,847,103,000 after purchasing an additional 154,985 shares in the last quarter. Capital World Investors grew its holdings in shares of Lululemon Athletica by 0.9% in the fourth quarter. Capital World Investors now owns 1,547,793 shares of the apparel retailer’s stock valued at $791,371,000 after purchasing an additional 14,112 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Lululemon Athletica by 1.7% in the first quarter. Bank of New York Mellon Corp now owns 1,139,812 shares of the apparel retailer’s stock valued at $445,268,000 after purchasing an additional 18,924 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Lululemon Athletica by 32.7% in the fourth quarter. Northern Trust Corp now owns 1,046,011 shares of the apparel retailer’s stock valued at $534,815,000 after purchasing an additional 257,944 shares in the last quarter. Finally, Brown Advisory Inc. grew its holdings in shares of Lululemon Athletica by 3.8% in the fourth quarter. Brown Advisory Inc. now owns 846,810 shares of the apparel retailer’s stock valued at $432,965,000 after purchasing an additional 31,232 shares in the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LULU has been the subject of a number of research reports. Barclays dropped their price objective on shares of Lululemon Athletica from $338.00 to $263.00 and set an “equal weight” rating for the company in a report on Wednesday, August 7th. HSBC upgraded shares of Lululemon Athletica from a “hold” rating to a “buy” rating and boosted their price target for the stock from $405.00 to $425.00 in a report on Thursday, June 6th. Bank of America boosted their price target on shares of Lululemon Athletica from $430.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Telsey Advisory Group lowered their price target on shares of Lululemon Athletica from $550.00 to $470.00 and set an “outperform” rating for the company in a report on Thursday, June 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $357.00 price target on shares of Lululemon Athletica in a report on Thursday, June 13th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $404.26.

Lululemon Athletica Trading Up 0.2 %

Shares of LULU traded up $0.39 during trading hours on Tuesday, reaching $240.09. The company had a trading volume of 226,901 shares, compared to its average volume of 2,081,085. The firm has a 50 day simple moving average of $286.42 and a 200-day simple moving average of $358.46. The company has a market capitalization of $30.01 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 1.25 and a beta of 1.26. 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 results on Wednesday, June 5th. The apparel retailer reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.38 by $0.16. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.20 billion. Lululemon Athletica had a net margin of 16.09% and a return on equity of 42.64%. The business’s revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.28 EPS. Sell-side analysts forecast that Lululemon Athletica Inc. will post 14.22 earnings per share for the current year.

Lululemon Athletica announced that its Board of Directors has approved a share buyback plan on Wednesday, June 5th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the apparel retailer to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.

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.