Capital International Sarl Has $4.19 Million Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Capital International Sarl raised its holdings in Lululemon Athletica Inc. (NASDAQ:LULUGet Rating) by 24.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,484 shares of the apparel retailer’s stock after buying an additional 2,281 shares during the period. Capital International Sarl’s holdings in Lululemon Athletica were worth $4,194,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Lloyd Advisory Services LLC. acquired a new position in shares of Lululemon Athletica during the 1st quarter worth about $29,000. Cornerstone Advisory LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter worth about $30,000. DeDora Capital Inc. acquired a new position in shares of Lululemon Athletica during the 1st quarter worth about $30,000. Manchester Capital Management LLC acquired a new position in shares of Lululemon Athletica during the 1st quarter worth about $30,000. Finally, Destiny Wealth Partners LLC increased its stake in shares of Lululemon Athletica by 641.7% during the 1st quarter. Destiny Wealth Partners LLC now owns 89 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 77 shares during the last quarter. 81.11% of the stock is currently owned by institutional investors and hedge funds.

Lululemon Athletica Price Performance

Shares of NASDAQ:LULU opened at $342.92 on Thursday. Lululemon Athletica Inc. has a one year low of $251.51 and a one year high of $485.83. The firm has a 50 day simple moving average of $310.52 and a 200 day simple moving average of $315.32. The company has a market cap of $43.72 billion, a price-to-earnings ratio of 40.15, a PEG ratio of 1.77 and a beta of 1.29.

Lululemon Athletica (NASDAQ:LULUGet Rating) last announced its quarterly earnings results on Thursday, September 1st. The apparel retailer reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.34. Lululemon Athletica had a net margin of 15.60% and a return on equity of 40.95%. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the prior year, the company posted $1.65 EPS. The company’s revenue was up 28.8% on a year-over-year basis. As a group, analysts expect that Lululemon Athletica Inc. will post 9.87 EPS for the current year.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, Director Kathryn Henry sold 189 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $351.80, for a total value of $66,490.20. Following the completion of the transaction, the director now directly owns 4,102 shares in the company, valued at approximately $1,443,083.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Lululemon Athletica from $382.00 to $396.00 and gave the stock an “overweight” rating in a research note on Friday, September 2nd. Credit Suisse Group lowered their price objective on shares of Lululemon Athletica from $450.00 to $410.00 and set an “outperform” rating on the stock in a research note on Friday, June 3rd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Lululemon Athletica from $427.00 to $434.00 and gave the company a “buy” rating in a research note on Friday, September 2nd. B. Riley decreased their price target on shares of Lululemon Athletica from $440.00 to $377.00 and set a “buy” rating on the stock in a research note on Friday, June 3rd. Finally, Morgan Stanley upped their price target on shares of Lululemon Athletica from $315.00 to $343.00 and gave the company an “overweight” rating in a research note on Friday, September 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $405.48.

Lululemon Athletica Company Profile

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lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women and men. It operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits.

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Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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