Asset Management One Co. Ltd. Buys 973 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Asset Management One Co. Ltd. raised its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 2.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 45,209 shares of the apparel retailer’s stock after purchasing an additional 973 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Lululemon Athletica were worth $12,267,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Nordea Investment Management AB raised its holdings in Lululemon Athletica by 4.0% in the 1st quarter. Nordea Investment Management AB now owns 8,261 shares of the apparel retailer’s stock valued at $3,250,000 after acquiring an additional 321 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of Lululemon Athletica by 50.2% during the 1st quarter. Advisory Services Network LLC now owns 8,444 shares of the apparel retailer’s stock valued at $3,299,000 after acquiring an additional 2,822 shares in the last quarter. SG Americas Securities LLC increased its stake in Lululemon Athletica by 35.7% in the first quarter. SG Americas Securities LLC now owns 166,604 shares of the apparel retailer’s stock valued at $65,084,000 after acquiring an additional 43,807 shares during the period. Hilltop National Bank bought a new position in Lululemon Athletica during the first quarter worth about $888,000. Finally, Forsta AP Fonden boosted its holdings in Lululemon Athletica by 10.9% during the first quarter. Forsta AP Fonden now owns 24,400 shares of the apparel retailer’s stock valued at $9,532,000 after purchasing an additional 2,400 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Buying and Selling at Lululemon Athletica

In other news, CEO Calvin Mcdonald purchased 4,000 shares of Lululemon Athletica stock in a transaction dated Tuesday, September 3rd. The shares were bought at an average cost of $260.00 per share, with a total value of $1,040,000.00. Following the completion of the transaction, the chief executive officer now directly owns 89,922 shares in the company, valued at $23,379,720. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Lululemon Athletica news, CEO Calvin Mcdonald purchased 4,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were bought at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the completion of the transaction, the chief executive officer now directly owns 89,922 shares in the company, valued at $23,379,720. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $131,020.74. Following the completion of the transaction, the insider now owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Down 1.9 %

NASDAQ:LULU opened at $313.14 on Thursday. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $516.39. The stock’s fifty day simple moving average is $277.50 and its 200-day simple moving average is $291.99. The firm has a market capitalization of $38.45 billion, a P/E ratio of 24.20, a P/E/G ratio of 2.31 and a beta of 1.24.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (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 analysts’ expectations of $2.41 billion. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.68 earnings per share. As a group, equities research analysts expect that Lululemon Athletica Inc. will post 14.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

LULU has been the subject of a number of recent research reports. Wedbush dropped their target price on Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating for the company in a report on Wednesday, August 28th. Truist Financial lifted their price objective on Lululemon Athletica from $310.00 to $360.00 and gave the company a “buy” rating in a report on Tuesday. Piper Sandler upped their target price on shares of Lululemon Athletica from $250.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Citigroup cut their price target on shares of Lululemon Athletica from $300.00 to $270.00 and set a “neutral” rating for the company in a report on Thursday, August 22nd. Finally, Barclays decreased their price objective on shares of Lululemon Athletica from $263.00 to $261.00 and set an “equal weight” rating on the stock in a research note on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $357.13.

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.