Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by National Pension Service

National Pension Service grew its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 8.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 258,150 shares of the apparel retailer’s stock after buying an additional 20,564 shares during the quarter. National Pension Service’s holdings in Lululemon Athletica were worth $70,049,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. William Allan Corp lifted its holdings in shares of Lululemon Athletica by 0.8% during the 1st quarter. William Allan Corp now owns 4,896 shares of the apparel retailer’s stock valued at $1,913,000 after acquiring an additional 37 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in shares of Lululemon Athletica by 2.1% during the first quarter. Bleakley Financial Group LLC now owns 1,889 shares of the apparel retailer’s stock worth $738,000 after purchasing an additional 38 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Lululemon Athletica by 61.5% in the second quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock worth $31,000 after buying an additional 40 shares during the period. Rockline Wealth Management LLC grew its stake in shares of Lululemon Athletica by 1.3% in the second quarter. Rockline Wealth Management LLC now owns 3,314 shares of the apparel retailer’s stock valued at $990,000 after buying an additional 43 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of Lululemon Athletica by 78.2% during the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 43 shares during the period. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lululemon Athletica

In other news, CEO Calvin Mcdonald bought 4,000 shares of the business’s 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 completion of the acquisition, the chief executive officer now owns 89,922 shares in the company, valued at approximately $23,379,720. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the sale, the insider now owns 6,198 shares in the company, valued at approximately $1,670,918.82. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Calvin Mcdonald bought 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average cost of $260.00 per share, with a total value of $1,040,000.00. Following the transaction, the chief executive officer now owns 89,922 shares of the company’s stock, valued at $23,379,720. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Stifel Nicolaus reduced their target price on shares of Lululemon Athletica from $416.00 to $370.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. Raymond James decreased their price objective on shares of Lululemon Athletica from $350.00 to $325.00 and set an “outperform” rating for the company in a research report on Monday, September 2nd. Jefferies Financial Group reiterated an “underperform” rating and issued a $220.00 price target on shares of Lululemon Athletica in a research note on Thursday, July 25th. JPMorgan Chase & Co. lowered their price objective on 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, Deutsche Bank Aktiengesellschaft upped their target price on Lululemon Athletica from $291.00 to $292.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and an average price target of $356.16.

Lululemon Athletica Stock Up 0.3 %

Shares of LULU opened at $319.23 on Wednesday. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $516.39. The stock has a market cap of $39.20 billion, a price-to-earnings ratio of 24.67, a P/E/G ratio of 2.34 and a beta of 1.24. The company has a 50-day moving average price of $276.41 and a two-hundred day moving average price of $291.84.

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