Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by Richard W. Paul & Associates LLC

Richard W. Paul & Associates LLC lifted its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 497.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,958 shares of the apparel retailer’s stock after acquiring an additional 3,295 shares during the period. Richard W. Paul & Associates LLC’s holdings in Lululemon Athletica were worth $1,074,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Lululemon Athletica by 1.6% during the first quarter. Vanguard Group Inc. now owns 9,847,954 shares of the apparel retailer’s stock worth $3,847,103,000 after acquiring an additional 154,985 shares during the last quarter. Value Star Asset Management Hong Kong Ltd grew its position in shares of Lululemon Athletica by 19,890.3% during the second quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer’s stock worth $1,390,074,000 after acquiring an additional 4,630,466 shares during the last quarter. American Century Companies Inc. grew its position in shares of Lululemon Athletica by 4.9% during the second quarter. American Century Companies Inc. now owns 1,769,096 shares of the apparel retailer’s stock worth $528,429,000 after acquiring an additional 82,731 shares during the last quarter. Legal & General Group Plc grew its position in shares of Lululemon Athletica by 3.7% during the second quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer’s stock worth $310,763,000 after acquiring an additional 37,239 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Lululemon Athletica by 38.2% during the second quarter. Dimensional Fund Advisors LP now owns 737,872 shares of the apparel retailer’s stock worth $220,423,000 after acquiring an additional 203,882 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

Insider Transactions at Lululemon Athletica

In related news, insider Nicole Neuburger sold 486 shares of the firm’s 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 approximately $1,670,918.82. This trade represents a 0.00 % 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. In other Lululemon Athletica news, CEO Calvin Mcdonald acquired 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were purchased at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the completion of the transaction, the chief executive officer now owns 89,922 shares in the company, valued at $23,379,720. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Nicole Neuburger sold 486 shares of the firm’s 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 directly 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 disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.

Lululemon Athletica Price Performance

NASDAQ LULU opened at $291.63 on Friday. The company has a 50 day simple moving average of $265.04 and a 200-day simple moving average of $296.64. The firm has a market capitalization of $36.45 billion, a price-to-earnings ratio of 23.39, a price-to-earnings-growth ratio of 1.99 and a beta of 1.25. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.22. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.41 billion. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.68 earnings per share. On average, analysts predict that Lululemon Athletica Inc. will post 14.02 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on LULU shares. Wells Fargo & Company lowered their price target on shares of Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating for the company in a research report on Friday, August 23rd. Bank of America decreased their target price on shares of Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Robert W. Baird decreased their target price on shares of Lululemon Athletica from $470.00 to $350.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. The Goldman Sachs Group lowered shares of Lululemon Athletica from a “buy” rating to a “neutral” rating and decreased their target price for the company from $463.00 to $286.00 in a research report on Friday, August 2nd. Finally, Citigroup decreased their target price on shares of Lululemon Athletica from $300.00 to $270.00 and set a “neutral” rating for the company in a research report on Thursday, August 22nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $354.55.

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.