Aigen Investment Management LP Invests $2.23 Million in Lululemon Athletica Inc. (NASDAQ:LULU)

Aigen Investment Management LP bought a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,829 shares of the apparel retailer’s stock, valued at approximately $2,229,000.

Several other hedge funds have also recently bought and sold shares of LULU. Beacon Capital Management LLC grew its stake in Lululemon Athletica by 6.9% in the 4th quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer’s stock worth $142,000 after acquiring an additional 24 shares during the period. SeaCrest Wealth Management LLC increased its holdings in Lululemon Athletica by 2.6% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock worth $389,000 after purchasing an additional 26 shares during the last quarter. Capital Advisors Ltd. LLC boosted its stake in Lululemon Athletica by 9.4% during the 4th quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer’s stock valued at $124,000 after acquiring an additional 28 shares during the last quarter. LGT Fund Management Co Ltd. grew its stake in Lululemon Athletica by 3.3% in the fourth quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer’s stock worth $356,000 after purchasing an additional 30 shares in the last quarter. Finally, Mather Group LLC. increased its holdings in shares of Lululemon Athletica by 21.1% in the 4th quarter. Mather Group LLC. now owns 178 shares of the apparel retailer’s stock valued at $68,000 after acquiring an additional 31 shares during the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Stock Performance

Shares of Lululemon Athletica stock opened at $345.29 on Wednesday. The company has a market capitalization of $42.05 billion, a PE ratio of 24.93, a P/E/G ratio of 2.22 and a beta of 1.19. The company has a 50-day simple moving average of $385.29 and a two-hundred day simple moving average of $331.52. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter last year, the firm earned $2.53 EPS. The business’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities analysts predict that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LULU. JPMorgan Chase & Co. boosted their price target on shares of Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. TD Securities boosted their price target on shares of Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $438.00 target price (up from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Finally, William Blair reiterated an “outperform” rating on shares of Lululemon Athletica in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lululemon Athletica presently has an average rating of “Moderate Buy” and an average target price of $399.14.

Insider Activity

In related news, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the sale, the insider now directly owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the sale, the insider now owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.