Congress Park Capital LLC Has $925,000 Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Congress Park Capital LLC grew its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 64.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,410 shares of the apparel retailer’s stock after purchasing an additional 1,340 shares during the period. Congress Park Capital LLC’s holdings in Lululemon Athletica were worth $925,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in LULU. Value Star Asset Management Hong Kong Ltd raised its holdings 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 valued at $1,390,074,000 after purchasing an additional 4,630,466 shares during the period. Vanguard Group Inc. raised its holdings in shares of Lululemon Athletica by 32.3% during the fourth quarter. Vanguard Group Inc. now owns 9,692,969 shares of the apparel retailer’s stock valued at $4,955,918,000 after purchasing an additional 2,369,119 shares during the period. Marshall Wace LLP raised its holdings in shares of Lululemon Athletica by 359.4% during the second quarter. Marshall Wace LLP now owns 204,500 shares of the apparel retailer’s stock valued at $61,084,000 after purchasing an additional 283,344 shares during the period. Dimensional Fund Advisors LP raised its holdings 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 valued at $220,423,000 after purchasing an additional 203,882 shares during the period. Finally, M&G Plc acquired a new position in shares of Lululemon Athletica during the first quarter valued at about $72,455,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the sale, the insider now owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the sale, the insider now owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Calvin Mcdonald purchased 4,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was purchased at an average cost of $260.00 per share, for a total transaction of $1,040,000.00. Following the acquisition, the chief executive officer now owns 89,922 shares in the company, valued at approximately $23,379,720. The trade was a 0.00 % 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 Trading Up 1.4 %

Shares of NASDAQ:LULU traded up $3.82 during trading on Friday, reaching $277.40. The company had a trading volume of 384,406 shares, compared to its average volume of 2,112,369. The company has a fifty day moving average of $259.00 and a two-hundred day moving average of $300.87. The stock has a market capitalization of $34.06 billion, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 1.99 and a beta of 1.25. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, beating 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 company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter last year, the firm earned $2.68 EPS. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, equities research analysts predict that Lululemon Athletica Inc. will post 14.02 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. KeyCorp decreased their target price on shares of Lululemon Athletica from $415.00 to $350.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. The Goldman Sachs Group downgraded shares of Lululemon Athletica from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $463.00 to $286.00 in a research report on Friday, August 2nd. Guggenheim decreased their target price on shares of Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Sanford C. Bernstein decreased their target price on shares of Lululemon Athletica from $345.00 to $325.00 and set a “market perform” rating for the company in a research report on Friday, August 30th. Finally, Jefferies Financial Group reissued an “underperform” rating and set a $220.00 target price on shares of Lululemon Athletica in a research report on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $354.55.

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.