Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 153.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 967 shares of the apparel retailer’s stock after acquiring an additional 585 shares during the period. GAMMA Investing LLC’s holdings in Lululemon Athletica were worth $262,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Profund Advisors LLC lifted its position in Lululemon Athletica by 54.3% in the fourth quarter. Profund Advisors LLC now owns 11,851 shares of the apparel retailer’s stock valued at $6,059,000 after buying an additional 4,169 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new position in shares of Lululemon Athletica during the 4th quarter worth approximately $4,991,000. United Advisor Group LLC acquired a new stake in Lululemon Athletica in the 4th quarter valued at approximately $515,000. Peloton Wealth Strategists raised its position in Lululemon Athletica by 16.7% in the fourth quarter. Peloton Wealth Strategists now owns 4,795 shares of the apparel retailer’s stock valued at $2,452,000 after purchasing an additional 685 shares during the period. Finally, V Square Quantitative Management LLC lifted its stake in Lululemon Athletica by 129.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,767 shares of the apparel retailer’s stock worth $903,000 after purchasing an additional 997 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Trading Down 0.2 %

Shares of LULU opened at $273.58 on Friday. The company’s 50 day simple moving average is $258.51 and its 200-day simple moving average is $301.06. The firm has a market cap of $34.20 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 1.40 and a beta of 1.25. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The company 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 business posted $2.68 earnings per share. Lululemon Athletica’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, equities research analysts forecast that Lululemon Athletica Inc. will post 14.03 EPS for the current fiscal year.

Analysts Set New Price Targets

LULU has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Lululemon Athletica from $291.00 to $292.00 and gave the company a “neutral” rating in a report on Friday, August 30th. TD Cowen lowered their price objective on shares of Lululemon Athletica from $420.00 to $375.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. Telsey Advisory Group cut their target price on shares of Lululemon Athletica from $470.00 to $360.00 and set an “outperform” rating on the stock in a research note on Monday, August 26th. Morgan Stanley cut their price objective on Lululemon Athletica from $326.00 to $314.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 1st. Finally, Citigroup decreased their target price on Lululemon Athletica from $300.00 to $270.00 and set a “neutral” rating for the company in a report on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and a consensus price target of $354.55.

Insider Buying and Selling at Lululemon Athletica

In related news, CEO Calvin Mcdonald bought 4,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were bought at an average cost of $260.00 per share, for a total transaction of $1,040,000.00. Following the purchase, the chief executive officer now owns 89,922 shares of the company’s stock, 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 SEC, which is accessible through the SEC website. In related news, insider Nicole Neuburger sold 486 shares of the stock in a transaction dated 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 $1,670,918.82. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Calvin Mcdonald acquired 4,000 shares of Lululemon Athletica stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the transaction, the chief executive officer now owns 89,922 shares of the company’s stock, valued at $23,379,720. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.48% of the stock is owned by company 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.