Lululemon Athletica Inc. (NASDAQ:LULU) Shares Purchased by Impax Asset Management Group plc

Impax Asset Management Group plc boosted its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 10.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,165 shares of the apparel retailer’s stock after buying an additional 2,676 shares during the quarter. Impax Asset Management Group plc’s holdings in Lululemon Athletica were worth $7,643,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Nordea Investment Management AB lifted its position in shares of Lululemon Athletica by 4.0% during the 1st quarter. Nordea Investment Management AB now owns 8,261 shares of the apparel retailer’s stock worth $3,250,000 after buying an additional 321 shares during the last quarter. Commerce Bank lifted its position in Lululemon Athletica by 11.9% in the first quarter. Commerce Bank now owns 15,765 shares of the apparel retailer’s stock valued at $6,159,000 after acquiring an additional 1,674 shares during the last quarter. Mitchell Capital Management Co. boosted its stake in Lululemon Athletica by 4.6% in the first quarter. Mitchell Capital Management Co. now owns 4,288 shares of the apparel retailer’s stock valued at $1,675,000 after acquiring an additional 190 shares in the last quarter. Advisory Services Network LLC grew its holdings in shares of Lululemon Athletica by 50.2% during the first quarter. Advisory Services Network LLC now owns 8,444 shares of the apparel retailer’s stock worth $3,299,000 after purchasing an additional 2,822 shares during the last quarter. Finally, Capital City Trust Co. FL grew its holdings in shares of Lululemon Athletica by 3.8% during the first quarter. Capital City Trust Co. FL now owns 7,223 shares of the apparel retailer’s stock worth $2,822,000 after purchasing an additional 265 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LULU. Sanford C. Bernstein dropped their price target on Lululemon Athletica from $345.00 to $325.00 and set a “market perform” rating on the stock in a research note on Friday, August 30th. Wedbush reduced their price target on shares of Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating for the company in a research report on Wednesday, August 28th. Morgan Stanley lowered their price objective on shares of Lululemon Athletica from $326.00 to $314.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 1st. KeyCorp reduced their target price on shares of Lululemon Athletica from $415.00 to $350.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Finally, TD Cowen lowered their price target on Lululemon Athletica from $420.00 to $375.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $356.16.

Lululemon Athletica Stock Performance

LULU opened at $319.23 on Wednesday. The company has a market cap of $39.20 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 2.34 and a beta of 1.24. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $516.39. The business’s fifty day moving average is $276.41 and its two-hundred day moving average is $291.84.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, topping 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 business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period in the previous year, the firm earned $2.68 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, analysts predict that Lululemon Athletica Inc. will post 14.02 EPS for the current fiscal year.

Insider Activity

In related news, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction that occurred on 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 transaction, the insider now directly owns 6,198 shares in the company, valued at $1,670,918.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Calvin Mcdonald purchased 4,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was acquired at an average cost of $260.00 per share, for a total transaction of $1,040,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 89,922 shares in the company, valued at $23,379,720. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicole Neuburger sold 486 shares of the business’s 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 transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

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.