Impax Asset Management Group plc Sells 9,073 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Impax Asset Management Group plc decreased its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 32.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 19,092 shares of the apparel retailer’s stock after selling 9,073 shares during the period. Impax Asset Management Group plc’s holdings in Lululemon Athletica were worth $7,301,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of LULU. Maverick Capital Ltd. acquired a new stake in Lululemon Athletica in the third quarter valued at about $93,476,000. The Manufacturers Life Insurance Company boosted its stake 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 valued at $143,624,000 after purchasing an additional 305,302 shares in the last quarter. Southpoint Capital Advisors LP bought a new stake in shares of Lululemon Athletica during the 3rd quarter valued at approximately $81,405,000. River Road Asset Management LLC bought a new stake in shares of Lululemon Athletica during the 3rd quarter valued at approximately $79,503,000. Finally, Swedbank AB lifted its stake in Lululemon Athletica by 151.0% in the 3rd quarter. Swedbank AB now owns 367,584 shares of the apparel retailer’s stock valued at $99,744,000 after purchasing an additional 221,112 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on LULU shares. Oppenheimer boosted their target price on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Jefferies Financial Group reissued an “underperform” rating and set a $220.00 price objective on shares of Lululemon Athletica in a report on Monday, December 2nd. Citigroup upped their target price on Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. KeyCorp lifted their price target on Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $399.14.

Lululemon Athletica Price Performance

Shares of NASDAQ:LULU opened at $368.22 on Tuesday. The business’s 50-day moving average is $387.92 and its 200-day moving average is $326.75. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $480.94. The company has a market capitalization of $44.84 billion, a price-to-earnings ratio of 26.59, a P/E/G ratio of 2.22 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results 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 analyst estimates of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.53 earnings per share. Analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Insider Buying and Selling

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $405.54, for a total value of $10,085,779.80. Following the completion of the sale, the insider now owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the transaction, the insider now directly owns 6,198 shares in the company, valued at $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.

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.