Fort Pitt Capital Group LLC Purchases 52,673 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Fort Pitt Capital Group LLC increased its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 22.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 291,403 shares of the apparel retailer’s stock after buying an additional 52,673 shares during the period. Lululemon Athletica accounts for approximately 2.2% of Fort Pitt Capital Group LLC’s holdings, making the stock its 22nd biggest position. Fort Pitt Capital Group LLC’s holdings in Lululemon Athletica were worth $79,072,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Lululemon Athletica by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 9,847,954 shares of the apparel retailer’s stock worth $3,847,103,000 after buying an additional 154,985 shares during the period. Value Star Asset Management Hong Kong Ltd boosted its holdings in shares of Lululemon Athletica by 19,890.3% during the 2nd quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer’s stock worth $1,390,074,000 after buying an additional 4,630,466 shares during the period. American Century Companies Inc. boosted its holdings in shares of Lululemon Athletica by 4.9% during the 2nd quarter. American Century Companies Inc. now owns 1,769,096 shares of the apparel retailer’s stock worth $528,429,000 after buying an additional 82,731 shares during the period. Legal & General Group Plc boosted its holdings in shares of Lululemon Athletica by 3.7% during the 2nd quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer’s stock worth $310,763,000 after buying an additional 37,239 shares during the period. Finally, International Assets Investment Management LLC raised its stake in Lululemon Athletica by 74,856.2% during the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock valued at $243,055,000 after purchasing an additional 894,531 shares during the last quarter. 85.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

LULU has been the subject of several research analyst reports. TD Cowen cut their target price on shares of Lululemon Athletica from $420.00 to $375.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. Stifel Nicolaus cut their target price on shares of Lululemon Athletica from $416.00 to $370.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Robert W. Baird cut their target price on shares of Lululemon Athletica from $470.00 to $350.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. JPMorgan Chase & Co. cut their target price on shares of Lululemon Athletica from $457.00 to $338.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Finally, Evercore ISI reiterated an “outperform” rating and set a $300.00 target price on shares of Lululemon Athletica in a research note on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lululemon Athletica has a consensus rating of “Moderate Buy” and an average price target of $354.55.

Lululemon Athletica Stock Up 7.8 %

Shares of NASDAQ:LULU opened at $321.17 on Friday. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $516.39. The company’s 50-day moving average price is $274.52 and its two-hundred day moving average price is $292.65. The firm has a market cap of $39.43 billion, a P/E ratio of 24.82, a P/E/G ratio of 2.17 and a beta of 1.24.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, topping analysts’ consensus estimates of $2.93 by $0.22. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the prior year, the firm earned $2.68 EPS. The company’s revenue was up 9.1% on a year-over-year basis. As a group, equities 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, insider Nicole Neuburger sold 486 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction of $131,020.74. Following the sale, the insider now owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Nicole Neuburger sold 486 shares of the firm’s 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 transaction, the insider now owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Calvin Mcdonald bought 4,000 shares of Lululemon Athletica stock in a transaction dated 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 purchase, the chief executive officer now directly owns 89,922 shares in the company, valued at approximately $23,379,720. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.48% of the company’s stock.

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.