M&G Plc Purchases 12,369 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

M&G Plc increased its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 6.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 203,940 shares of the apparel retailer’s stock after acquiring an additional 12,369 shares during the quarter. M&G Plc owned about 0.17% of Lululemon Athletica worth $55,268,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of LULU. Value Star Asset Management Hong Kong Ltd grew its position in Lululemon Athletica by 19,890.3% during the 2nd quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer’s stock worth $1,390,074,000 after purchasing an additional 4,630,466 shares during the last quarter. International Assets Investment Management LLC grew its position in Lululemon Athletica by 74,856.2% during the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock worth $243,055,000 after purchasing an additional 894,531 shares during the last quarter. River Road Asset Management LLC purchased a new stake in Lululemon Athletica during the 3rd quarter worth approximately $79,503,000. Marshall Wace LLP grew its position in Lululemon Athletica by 359.4% during the 2nd quarter. Marshall Wace LLP now owns 204,500 shares of the apparel retailer’s stock worth $61,084,000 after purchasing an additional 283,344 shares during the last quarter. Finally, Swedbank AB boosted its holdings in shares of 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 acquiring an additional 221,112 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Performance

NASDAQ LULU opened at $313.14 on Thursday. The firm has a 50 day simple moving average of $277.50 and a 200-day simple moving average of $291.99. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $516.39. The firm has a market cap of $38.45 billion, a price-to-earnings ratio of 24.20, a PEG ratio of 2.31 and a beta of 1.24.

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 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 during the quarter, compared to analyst estimates of $2.41 billion. During the same quarter last year, the firm posted $2.68 earnings per share. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities analysts predict that Lululemon Athletica Inc. will post 14.02 EPS for the current fiscal year.

Insider Activity at Lululemon Athletica

In other news, CEO Calvin Mcdonald bought 4,000 shares of Lululemon Athletica stock in a transaction that occurred on Tuesday, September 3rd. The shares were purchased at an average price of $260.00 per share, with a total value 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. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the firm’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 sale, the insider now owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Calvin Mcdonald acquired 4,000 shares of the business’s 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 acquisition, the chief executive officer now owns 89,922 shares of the company’s stock, valued at $23,379,720. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.48% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on LULU shares. TD Cowen dropped their price objective on shares of Lululemon Athletica from $420.00 to $375.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. Barclays dropped 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 report on Friday, August 30th. Guggenheim dropped their price objective on shares of Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Morgan Stanley dropped their price objective on shares of Lululemon Athletica from $326.00 to $314.00 and set an “overweight” rating on the stock in a report on Tuesday, October 1st. Finally, The Goldman Sachs Group downgraded shares of Lululemon Athletica from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $463.00 to $286.00 in a report on Friday, August 2nd. Two 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $357.13.

About Lululemon Athletica

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.