Intech Investment Management LLC Has $20.89 Million Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Intech Investment Management LLC boosted its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 32.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 76,995 shares of the apparel retailer’s stock after purchasing an additional 18,852 shares during the period. Intech Investment Management LLC’s holdings in Lululemon Athletica were worth $20,893,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in LULU. Shepherd Financial Partners LLC bought a new stake in Lululemon Athletica in the third quarter valued at approximately $953,000. XTX Topco Ltd boosted its position in shares of Lululemon Athletica by 281.4% during the 2nd quarter. XTX Topco Ltd now owns 8,894 shares of the apparel retailer’s stock worth $2,657,000 after acquiring an additional 6,562 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of Lululemon Athletica by 31.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,425 shares of the apparel retailer’s stock valued at $4,607,000 after purchasing an additional 3,721 shares during the last quarter. Gateway Investment Advisers LLC boosted its stake in Lululemon Athletica by 9.7% in the second quarter. Gateway Investment Advisers LLC now owns 34,709 shares of the apparel retailer’s stock valued at $10,368,000 after buying an additional 3,077 shares in the last quarter. Finally, Rheos Capital Works Inc. grew its holdings in shares of Lululemon Athletica by 19.2% during the 3rd quarter. Rheos Capital Works Inc. now owns 15,500 shares of the apparel retailer’s stock valued at $4,206,000 after purchasing an additional 2,500 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insiders Place Their Bets

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was 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 approximately $1,670,918.82. This trade represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Calvin Mcdonald purchased 4,000 shares of Lululemon Athletica stock in a transaction dated Tuesday, September 3rd. The shares were 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 directly owns 89,922 shares in the company, valued at approximately $23,379,720. The trade was a 4.66 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.48% of the stock is owned by insiders.

Lululemon Athletica Stock Performance

NASDAQ:LULU opened at $308.31 on Thursday. The firm has a 50-day simple moving average of $289.73 and a two-hundred day simple moving average of $288.92. The firm has a market cap of $37.85 billion, a P/E ratio of 23.83, a P/E/G ratio of 2.20 and a beta of 1.24. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $516.39.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on LULU shares. UBS Group cut their price target on shares of Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating on the stock in a report on Tuesday, August 20th. Telsey Advisory Group reduced their price target on shares of Lululemon Athletica from $470.00 to $360.00 and set an “outperform” rating for the company in a research report on Monday, August 26th. TD Cowen cut their price target on Lululemon Athletica from $420.00 to $375.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. JPMorgan Chase & Co. reduced their target price on shares of 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, Stifel Nicolaus cut their price target 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. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Lululemon Athletica presently has an average rating of “Moderate Buy” and an average target price of $357.13.

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.