Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC trimmed its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 18.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,069 shares of the apparel retailer’s stock after selling 477 shares during the period. Penserra Capital Management LLC’s holdings in Lululemon Athletica were worth $560,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LULU. Larson Financial Group LLC grew its position in shares of Lululemon Athletica by 78.2% during the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 43 shares during the last quarter. Versant Capital Management Inc boosted its stake in Lululemon Athletica by 61.5% in the second quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 40 shares during the period. Paladin Wealth LLC bought a new position in shares of Lululemon Athletica during the third quarter valued at approximately $29,000. Ridgewood Investments LLC acquired a new stake in shares of Lululemon Athletica during the 2nd quarter worth approximately $33,000. Finally, Dnca Finance bought a new stake in shares of Lululemon Athletica in the 2nd quarter worth approximately $34,000. 85.20% of the stock is currently owned by institutional investors.

Lululemon Athletica Stock Up 0.2 %

LULU opened at $319.52 on Thursday. The firm has a market capitalization of $39.23 billion, a P/E ratio of 24.69, a PEG ratio of 2.38 and a beta of 1.24. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $516.39. The stock has a fifty day moving average of $295.06 and a 200-day moving average of $287.84.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.22. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the previous year, the business posted $2.68 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, analysts expect that Lululemon Athletica Inc. will post 14.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Piper Sandler upped their price objective on Lululemon Athletica from $250.00 to $260.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. UBS Group dropped their price objective on shares of Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating on the stock in a report on Tuesday, August 20th. Citigroup cut their price objective on shares of Lululemon Athletica from $300.00 to $270.00 and set a “neutral” rating on the stock in a research report on Thursday, August 22nd. Raymond James dropped their price target on shares of Lululemon Athletica from $350.00 to $325.00 and set an “outperform” rating on the stock in a research note on Monday, September 2nd. Finally, Oppenheimer cut their price target on Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $356.03.

Insider Buying and Selling at Lululemon Athletica

In other news, insider Nicole Neuburger sold 486 shares of the firm’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 directly owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This trade represents a 7.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Calvin Mcdonald purchased 4,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average cost of $260.00 per share, with a total value of $1,040,000.00. Following the purchase, 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.

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.