Lululemon Athletica Inc. (NASDAQ:LULU) Shares Purchased by Winslow Asset Management Inc.

Winslow Asset Management Inc. raised its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 1.2% during the third quarter, HoldingsChannel reports. The firm owned 51,488 shares of the apparel retailer’s stock after buying an additional 598 shares during the period. Lululemon Athletica comprises about 2.6% of Winslow Asset Management Inc.’s investment portfolio, making the stock its 11th biggest holding. Winslow Asset Management Inc.’s holdings in Lululemon Athletica were worth $13,971,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. QRG Capital Management Inc. lifted its position in Lululemon Athletica by 78.8% during the 1st quarter. QRG Capital Management Inc. now owns 7,211 shares of the apparel retailer’s stock worth $2,817,000 after acquiring an additional 3,178 shares during the period. ProShare Advisors LLC lifted its holdings in shares of Lululemon Athletica by 24.1% during the first quarter. ProShare Advisors LLC now owns 135,637 shares of the apparel retailer’s stock worth $52,987,000 after purchasing an additional 26,366 shares during the period. Bleakley Financial Group LLC grew its position in Lululemon Athletica by 2.1% in the 1st quarter. Bleakley Financial Group LLC now owns 1,889 shares of the apparel retailer’s stock valued at $738,000 after buying an additional 38 shares during the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in Lululemon Athletica in the 1st quarter valued at $57,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Lululemon Athletica by 12.0% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 295,559 shares of the apparel retailer’s stock worth $115,460,000 after buying an additional 31,659 shares during the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Stock Performance

LULU stock opened at $318.46 on Tuesday. The company has a 50 day moving average price of $280.78 and a two-hundred day moving average price of $290.46. The stock has a market capitalization of $39.10 billion, a P/E ratio of 24.61, a PEG ratio of 2.24 and a beta of 1.24. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 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 business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the previous year, the business earned $2.68 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. Research analysts forecast that Lululemon Athletica Inc. will post 14.02 earnings per share for the current fiscal year.

Insider Activity

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the 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 transaction, the insider now owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $269.59, for a total transaction of $131,020.74. Following the completion of the sale, the insider now owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Calvin Mcdonald acquired 4,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average price 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 ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

LULU has been the topic of several analyst reports. Stifel Nicolaus lowered their target price 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. Barclays dropped their target price on Lululemon Athletica from $263.00 to $261.00 and set an “equal weight” rating on the stock in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft upped their price objective on Lululemon Athletica from $291.00 to $292.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Morgan Stanley reduced their target price on Lululemon Athletica from $326.00 to $314.00 and set an “overweight” rating for the company in a report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. lowered their price target on shares of Lululemon Athletica from $457.00 to $338.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.