KCM Investment Advisors LLC Raises Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

KCM Investment Advisors LLC increased its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 4.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,220 shares of the apparel retailer’s stock after buying an additional 375 shares during the period. KCM Investment Advisors LLC’s holdings in Lululemon Athletica were worth $2,502,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sheaff Brock Investment Advisors LLC lifted its holdings in Lululemon Athletica by 3.6% during the third quarter. Sheaff Brock Investment Advisors LLC now owns 2,145 shares of the apparel retailer’s stock worth $582,000 after buying an additional 75 shares during the period. First Business Financial Services Inc. lifted its stake in shares of Lululemon Athletica by 12.1% during the 3rd quarter. First Business Financial Services Inc. now owns 4,070 shares of the apparel retailer’s stock worth $1,104,000 after purchasing an additional 440 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Lululemon Athletica by 4.4% during the 3rd quarter. CIBC Asset Management Inc now owns 36,272 shares of the apparel retailer’s stock worth $9,842,000 after purchasing an additional 1,521 shares during the last quarter. Intellectus Partners LLC grew its stake in Lululemon Athletica by 17.8% in the third quarter. Intellectus Partners LLC now owns 4,345 shares of the apparel retailer’s stock valued at $1,179,000 after purchasing an additional 655 shares during the last quarter. Finally, OneDigital Investment Advisors LLC raised its holdings in Lululemon Athletica by 178.6% in the third quarter. OneDigital Investment Advisors LLC now owns 6,277 shares of the apparel retailer’s stock worth $1,703,000 after purchasing an additional 4,024 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors.

Lululemon Athletica Stock Performance

Lululemon Athletica stock opened at $320.01 on Friday. The company’s 50 day simple moving average is $286.35 and its 200-day simple moving average is $290.39. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $516.39. The company has a market capitalization of $39.29 billion, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 2.39 and a beta of 1.24.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the previous year, the company earned $2.68 earnings per share. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities analysts expect that Lululemon Athletica Inc. will post 14.02 earnings per share for the current year.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, CEO Calvin Mcdonald bought 4,000 shares of Lululemon Athletica stock in a transaction on Tuesday, September 3rd. The shares were bought at an average cost of $260.00 per share, for a total transaction of $1,040,000.00. Following the acquisition, the chief executive officer now directly owns 89,922 shares in the company, valued at $23,379,720. This represents a 4.66 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Nicole Neuburger sold 486 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction of $131,020.74. Following the completion of the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

LULU has been the topic of a number of recent analyst reports. Stifel Nicolaus lowered their price target on shares of Lululemon Athletica from $416.00 to $370.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. Sanford C. Bernstein cut their price target on shares of Lululemon Athletica from $345.00 to $325.00 and set a “market perform” rating on the stock in a report on Friday, August 30th. Robert W. Baird boosted their price target on Lululemon Athletica from $350.00 to $380.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. reduced their price target on shares of Lululemon Athletica from $457.00 to $338.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Finally, UBS Group lowered their price target on shares of Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating on the stock in a report on Tuesday, August 20th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, Lululemon Athletica has an average rating of “Moderate Buy” and a consensus price target of $357.13.

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.