3,878 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Bought by Plato Investment Management Ltd

Plato Investment Management Ltd bought a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,878 shares of the apparel retailer’s stock, valued at approximately $1,051,000.

Other hedge funds have also recently made changes to their positions in the company. Larson Financial Group LLC raised its position in shares of Lululemon Athletica by 78.2% in the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after acquiring an additional 43 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Lululemon Athletica by 61.5% in the 2nd quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 40 shares in the last quarter. Paladin Wealth LLC bought a new position in shares of Lululemon Athletica in the 3rd quarter worth about $29,000. Ridgewood Investments LLC bought a new position in shares of Lululemon Athletica in the 2nd quarter worth about $33,000. Finally, Dnca Finance bought a new position in shares of Lululemon Athletica in the 2nd quarter worth about $34,000. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Trading Up 0.6 %

NASDAQ:LULU opened at $330.26 on Friday. The stock has a market capitalization of $40.55 billion, a PE ratio of 25.52, a price-to-earnings-growth ratio of 2.39 and a beta of 1.24. The firm’s 50 day moving average is $283.50 and its 200 day moving average is $290.42. 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 results on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, topping analysts’ consensus estimates of $2.93 by $0.22. The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. Lululemon Athletica’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.68 EPS. Research analysts predict that Lululemon Athletica Inc. will post 14.02 earnings per share for the current year.

Insider Activity

In related news, insider Nicole Neuburger sold 486 shares of the company’s stock in a transaction 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 directly owns 6,198 shares in the company, valued at approximately $1,670,918.82. The trade was a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Calvin Mcdonald bought 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was 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 of the company’s stock, 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.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Morgan Stanley lowered their price objective on Lululemon Athletica from $326.00 to $314.00 and set an “overweight” rating for the company in a research report on Tuesday, October 1st. Evercore ISI restated an “outperform” rating and issued a $300.00 target price on shares of Lululemon Athletica in a research note on Monday, August 26th. Bank of America reduced their target price on Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Wedbush reduced their target price on Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating for the company in a research note on Wednesday, August 28th. Finally, Piper Sandler raised their target price on Lululemon Athletica from $250.00 to $260.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $357.13.

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.