Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by M&G Plc

M&G Plc increased its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 6.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 203,940 shares of the apparel retailer’s stock after acquiring an additional 12,369 shares during the quarter. M&G Plc’s holdings in Lululemon Athletica were worth $55,268,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Umpqua Bank increased its holdings in shares of Lululemon Athletica by 8.5% in the 3rd quarter. Umpqua Bank now owns 2,295 shares of the apparel retailer’s stock valued at $623,000 after acquiring an additional 180 shares during the period. Radnor Capital Management LLC acquired a new position in shares of Lululemon Athletica in the 3rd quarter valued at $1,235,000. Crescent Grove Advisors LLC increased its holdings in shares of Lululemon Athletica by 18.1% in the 3rd quarter. Crescent Grove Advisors LLC now owns 1,012 shares of the apparel retailer’s stock valued at $275,000 after acquiring an additional 155 shares during the period. Crestwood Advisors Group LLC grew its position in Lululemon Athletica by 4.6% in the 3rd quarter. Crestwood Advisors Group LLC now owns 1,396 shares of the apparel retailer’s stock valued at $379,000 after buying an additional 62 shares during the last quarter. Finally, NorthRock Partners LLC grew its position in Lululemon Athletica by 150.0% in the 3rd quarter. NorthRock Partners LLC now owns 1,785 shares of the apparel retailer’s stock valued at $484,000 after buying an additional 1,071 shares during the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on LULU. UBS Group lowered their price objective on shares of Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. KeyCorp lowered their price objective on shares of Lululemon Athletica from $415.00 to $350.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Robert W. Baird lifted their price objective on shares of Lululemon Athletica from $350.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday. Bank of America lowered their price objective on shares of Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Finally, Telsey Advisory Group decreased their target price on shares of Lululemon Athletica from $470.00 to $360.00 and set an “outperform” rating on the stock in a research report on Monday, August 26th. Two 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 MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $357.13.

Insider Activity

In other news, 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 completion of the transaction, the insider now owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Nicole Neuburger sold 486 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $269.59, for a total transaction of $131,020.74. Following the completion of the sale, the insider now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Calvin Mcdonald bought 4,000 shares of the firm’s stock in a transaction dated 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 acquisition, the chief executive officer now directly owns 89,922 shares in the company, valued at approximately $23,379,720. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica Price Performance

NASDAQ LULU opened at $313.14 on Thursday. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $516.39. The company has a 50-day moving average of $277.50 and a 200-day moving average of $291.99. The company has a market cap of $38.45 billion, a P/E ratio of 24.20, a P/E/G ratio of 2.31 and a beta of 1.24.

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

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.