Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 94.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 167,366 shares of the apparel retailer’s stock after acquiring an additional 81,277 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned about 0.14% of Lululemon Athletica worth $45,415,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of LULU. Advisors Asset Management Inc. lifted its position in shares of Lululemon Athletica by 6.9% during the 1st quarter. Advisors Asset Management Inc. now owns 1,433 shares of the apparel retailer’s stock valued at $560,000 after acquiring an additional 92 shares during the period. Tidal Investments LLC raised its position in shares of Lululemon Athletica by 655.9% during the 1st quarter. Tidal Investments LLC now owns 8,194 shares of the apparel retailer’s stock worth $3,201,000 after purchasing an additional 7,110 shares during the last quarter. LBP AM SA acquired a new position in shares of Lululemon Athletica during the 1st quarter worth approximately $727,000. Citizens Financial Group Inc. RI raised its position in shares of Lululemon Athletica by 12.4% during the 1st quarter. Citizens Financial Group Inc. RI now owns 763 shares of the apparel retailer’s stock worth $298,000 after purchasing an additional 84 shares during the last quarter. Finally, Swedbank AB acquired a new position in shares of Lululemon Athletica during the 1st quarter worth approximately $19,103,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Nicole Neuburger sold 486 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This represents a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Calvin Mcdonald purchased 4,000 shares of Lululemon Athletica stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the transaction, the chief executive officer now owns 89,922 shares in the company, valued at $23,379,720. This represents a 4.66 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.48% of the company’s stock.

Analysts Set New Price Targets

LULU has been the subject of several research reports. Needham & Company LLC initiated coverage on Lululemon Athletica in a research report on Friday, November 22nd. They set a “hold” rating for the company. Piper Sandler lifted their price objective on Lululemon Athletica from $250.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Wells Fargo & Company cut their price objective on Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating for the company in a research report on Friday, August 23rd. Truist Financial lifted their price objective on Lululemon Athletica from $310.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Stifel Nicolaus cut their price target on Lululemon Athletica from $416.00 to $370.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, Lululemon Athletica has a consensus rating of “Moderate Buy” and an average target price of $356.03.

Lululemon Athletica Trading Up 0.2 %

Shares of Lululemon Athletica stock opened at $319.52 on Thursday. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $516.39. The stock has a market cap of $39.23 billion, a price-to-earnings ratio of 24.69, a price-to-earnings-growth ratio of 2.38 and a beta of 1.24. The company has a fifty day moving average price of $295.06 and a 200 day moving average price of $287.84.

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

Lululemon Athletica 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.