WealthPlan Investment Management LLC Has $2.17 Million Holdings in lululemon athletica inc. (NASDAQ:LULU)

Key Points

• WealthPlan Investment Management LLC has increased its holdings in lululemon athletica by 26.9%, owning a total of 7,647 shares worth approximately $2.17 million.
• In the recent quarter, various institutional investors made significant changes to their positions, with over 85% of the company's stock owned by these entities.
• Analyst ratings have shifted, with price targets on lululemon athletica shares reduced, leading to a consensus of a "Moderate Buy" with an average target price of $329.91.

WealthPlan Investment Management LLC grew its stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 26.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,647 shares of the apparel retailer's stock after buying an additional 1,622 shares during the quarter. WealthPlan Investment Management LLC's holdings in lululemon athletica were worth $2,165,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. N.E.W. Advisory Services LLC bought a new position in lululemon athletica during the first quarter worth about $25,000. Cornerstone Planning Group LLC boosted its stake in shares of lululemon athletica by 506.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock valued at $26,000 after purchasing an additional 81 shares in the last quarter. Anderson Financial Strategies LLC acquired a new stake in shares of lululemon athletica in the 4th quarter valued at approximately $30,000. Garde Capital Inc. acquired a new stake in lululemon athletica during the 1st quarter worth approximately $35,000. Finally, CENTRAL TRUST Co boosted its position in lululemon athletica by 154.9% during the 1st quarter. CENTRAL TRUST Co now owns 130 shares of the apparel retailer's stock worth $37,000 after buying an additional 79 shares during the period. Institutional investors and hedge funds own 85.20% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Citigroup lowered their price objective on shares of lululemon athletica from $325.00 to $270.00 and set a "neutral" rating for the company in a research note on Friday, June 6th. KeyCorp cut their price target on shares of lululemon athletica from $400.00 to $350.00 and set an "overweight" rating on the stock in a report on Friday, June 6th. Telsey Advisory Group reissued an "outperform" rating and issued a $385.00 price target on shares of lululemon athletica in a report on Monday, June 2nd. Needham & Company LLC cut their price target on shares of lululemon athletica from $366.00 to $317.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Finally, Stifel Nicolaus cut their price target on shares of lululemon athletica from $353.00 to $324.00 and set a "buy" rating on the stock in a report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $329.91.

Insider Buying and Selling at lululemon athletica

In other news, CEO Calvin Mcdonald sold 27,049 shares of the firm's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is owned by insiders.

lululemon athletica Trading Up 0.7%

Shares of lululemon athletica stock opened at $196.51 on Thursday. The firm has a market capitalization of $23.55 billion, a P/E ratio of 13.31, a P/E/G ratio of 1.66 and a beta of 1.16. The business has a fifty day simple moving average of $241.47 and a two-hundred day simple moving average of $296.17. lululemon athletica inc. has a 12 month low of $191.44 and a 12 month high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, meeting the consensus estimate of $2.60. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%. The company's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.54 earnings per share. Analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current year.

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.

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