Caisse DE Depot ET Placement DU Quebec Increases Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 60.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 546,162 shares of the apparel retailer’s stock after acquiring an additional 205,757 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.44% of Lululemon Athletica worth $148,201,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LULU. Larson Financial Group LLC grew its position in shares of Lululemon Athletica by 78.2% during the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 43 shares in the last quarter. Paladin Wealth LLC bought a new stake in Lululemon Athletica in the 3rd quarter worth approximately $29,000. Versant Capital Management Inc boosted its position in shares of Lululemon Athletica by 61.5% during the 2nd quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 40 shares during the last quarter. JFS Wealth Advisors LLC increased its position in Lululemon Athletica by 127.5% in the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 65 shares during the last quarter. Finally, Ridgewood Investments LLC purchased a new stake in Lululemon Athletica during the second quarter valued at $33,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Telsey Advisory Group reduced their target price on shares of Lululemon Athletica from $470.00 to $360.00 and set an “outperform” rating on the stock in a report on Monday, August 26th. TD Securities raised their price objective on Lululemon Athletica from $375.00 to $382.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Piper Sandler boosted their target price on Lululemon Athletica from $250.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. KeyCorp dropped their price objective on shares of Lululemon Athletica from $415.00 to $350.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Finally, Needham & Company LLC started coverage on shares of Lululemon Athletica in a research note on Friday, November 22nd. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $356.03.

Lululemon Athletica Price Performance

LULU opened at $320.66 on Friday. The firm has a market capitalization of $39.37 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 2.32 and a beta of 1.24. The business’s 50-day moving average is $297.19 and its two-hundred day moving average is $287.88. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $516.39.

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

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, CEO Calvin Mcdonald purchased 4,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were acquired at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the completion of the purchase, the chief executive officer now owns 89,922 shares of the company’s stock, valued at approximately $23,379,720. The trade was a 4.66 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Nicole Neuburger sold 486 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $1,670,918.82. This trade represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

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.