Stratos Wealth Advisors LLC Has $1.49 Million Stake in lululemon athletica inc. (NASDAQ:LULU)

Stratos Wealth Advisors LLC cut its position in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 16.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,275 shares of the apparel retailer's stock after selling 1,063 shares during the quarter. Stratos Wealth Advisors LLC's holdings in lululemon athletica were worth $1,493,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in LULU. Price T Rowe Associates Inc. MD grew its position in lululemon athletica by 95.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer's stock valued at $1,854,160,000 after acquiring an additional 2,371,079 shares during the period. Alliancebernstein L.P. boosted its holdings in lululemon athletica by 14.9% in the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock valued at $1,681,682,000 after purchasing an additional 571,657 shares during the last quarter. Geode Capital Management LLC raised its stake in lululemon athletica by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer's stock valued at $947,682,000 after buying an additional 10,461 shares in the last quarter. Capital World Investors raised its stake in lululemon athletica by 34.6% during the fourth quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock valued at $827,338,000 after buying an additional 556,406 shares in the last quarter. Finally, Schroder Investment Management Group raised its stake in lululemon athletica by 31.0% during the fourth quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer's stock valued at $681,163,000 after buying an additional 421,890 shares in the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

lululemon athletica Stock Up 2.1%

NASDAQ:LULU traded up $5.04 during trading hours on Thursday, hitting $240.93. 1,398,958 shares of the stock were exchanged, compared to its average volume of 2,514,930. The company's 50 day moving average is $275.63 and its two-hundred day moving average is $319.36. lululemon athletica inc. has a twelve month low of $219.97 and a twelve month high of $423.32. The company has a market capitalization of $28.88 billion, a P/E ratio of 16.34, a price-to-earnings-growth ratio of 2.02 and a beta of 1.17.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, meeting the consensus estimate of $2.60. The company had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.36 billion. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The business's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.54 EPS. On average, equities research analysts expect that lululemon athletica inc. will post 14.36 EPS for the current year.

Insider Buying and Selling

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the completion of the sale, the chief executive officer directly owned 110,564 shares in the company, valued at $26,058,829.16. This trade represents a 19.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Telsey Advisory Group reiterated an "outperform" rating and set a $385.00 price target on shares of lululemon athletica in a research report on Monday, June 2nd. William Blair reiterated an "outperform" rating on shares of lululemon athletica in a research report on Thursday, April 3rd. TD Securities lifted their target price on lululemon athletica from $370.00 to $373.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Stifel Nicolaus decreased their target price on lululemon athletica from $353.00 to $324.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Finally, BTIG Research decreased their target price on lululemon athletica from $420.00 to $405.00 and set a "buy" rating for the company in a research report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $340.26.

lululemon athletica Company 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.