Two Sigma Advisers LP Has $106.23 Million Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Two Sigma Advisers LP lifted its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 21.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 391,500 shares of the apparel retailer’s stock after buying an additional 69,300 shares during the period. Two Sigma Advisers LP’s holdings in Lululemon Athletica were worth $106,234,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in LULU. Mather Group LLC. lifted its holdings in shares of Lululemon Athletica by 105.6% during the 2nd quarter. Mather Group LLC. now owns 255 shares of the apparel retailer’s stock valued at $76,000 after purchasing an additional 131 shares in the last quarter. Kingswood Wealth Advisors LLC raised its holdings in shares of Lululemon Athletica by 40.6% during the second quarter. Kingswood Wealth Advisors LLC now owns 1,250 shares of the apparel retailer’s stock worth $373,000 after acquiring an additional 361 shares during the period. Park Avenue Securities LLC raised its holdings in shares of Lululemon Athletica by 28.3% during the second quarter. Park Avenue Securities LLC now owns 5,297 shares of the apparel retailer’s stock worth $1,582,000 after acquiring an additional 1,167 shares during the period. CWM LLC lifted its position in Lululemon Athletica by 21.4% in the 2nd quarter. CWM LLC now owns 2,896 shares of the apparel retailer’s stock valued at $865,000 after acquiring an additional 510 shares in the last quarter. Finally, Csenge Advisory Group increased its holdings in Lululemon Athletica by 45.8% during the 2nd quarter. Csenge Advisory Group now owns 1,338 shares of the apparel retailer’s stock worth $400,000 after purchasing an additional 420 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Stock Performance

NASDAQ:LULU opened at $344.81 on Friday. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $516.39. The firm’s 50-day simple moving average is $303.40 and its 200 day simple moving average is $287.81. The firm has a market cap of $42.33 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of 2.49 and a beta of 1.23.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping the consensus estimate of $2.69 by $0.18. The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.36 billion. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $2.53 earnings per share. Sell-side analysts anticipate that Lululemon Athletica Inc. will post 13.94 EPS for the current year.

Analysts Set New Price Targets

LULU has been the subject of several recent research reports. KeyCorp reduced their price objective on Lululemon Athletica from $415.00 to $350.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Barclays lowered their price target on shares of Lululemon Athletica from $263.00 to $261.00 and set an “equal weight” rating on the stock in a research note on Friday, August 30th. Jefferies Financial Group restated an “underperform” rating and issued a $220.00 price objective on shares of Lululemon Athletica in a report on Monday. Piper Sandler upped their target price on Lululemon Athletica from $250.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Finally, Telsey Advisory Group decreased their price target on Lululemon Athletica from $470.00 to $360.00 and set an “outperform” rating for the company in a research note on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Lululemon Athletica has an average rating of “Moderate Buy” and an average price target of $353.74.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This trade represents a 7.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.48% of the company’s stock.

About Lululemon Athletica

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.