Bank Julius Baer & Co. Ltd Zurich Grows Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 0.1% in the fourth quarter, Holdings Channel reports. The firm owned 55,863 shares of the apparel retailer’s stock after purchasing an additional 77 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Lululemon Athletica were worth $22,850,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC grew its position in shares of Lululemon Athletica by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock valued at $669,036,000 after purchasing an additional 44,294 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Lululemon Athletica by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 719,413 shares of the apparel retailer’s stock worth $275,111,000 after purchasing an additional 17,119 shares during the period. Montrusco Bolton Investments Inc. grew its position in shares of Lululemon Athletica by 43.5% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 611,814 shares of the apparel retailer’s stock worth $166,016,000 after buying an additional 185,440 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Lululemon Athletica by 60.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 546,162 shares of the apparel retailer’s stock worth $148,201,000 after buying an additional 205,757 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Lululemon Athletica by 136.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock worth $143,624,000 after buying an additional 305,302 shares during the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction 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 sale, the insider now owns 6,198 shares in the company, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the completion of the sale, the insider now owns 12,429 shares in the company, valued at $5,040,456.66. This represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wells Fargo & Company lifted their price target on Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 15th. Guggenheim lifted their price target on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft boosted their target price on Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Sanford C. Bernstein raised Lululemon Athletica from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $360.00 to $460.00 in a report on Tuesday, January 7th. Finally, Oppenheimer boosted their price target on Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $399.14.

Lululemon Athletica Trading Down 1.0 %

NASDAQ LULU opened at $344.36 on Friday. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $480.94. The stock has a market cap of $41.94 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 2.22 and a beta of 1.21. The company’s 50 day moving average is $382.97 and its two-hundred day moving average is $332.86.

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

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.