Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 40.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 281,782 shares of the apparel retailer’s stock after purchasing an additional 80,459 shares during the quarter. Assenagon Asset Management S.A. owned about 0.23% of Lululemon Athletica worth $76,462,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Value Star Asset Management Hong Kong Ltd boosted its holdings in shares of Lululemon Athletica by 19,890.3% in the second quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer’s stock valued at $1,390,074,000 after acquiring an additional 4,630,466 shares in the last quarter. International Assets Investment Management LLC boosted its stake 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 valued at $243,055,000 after purchasing an additional 894,531 shares in the last quarter. Marshall Wace LLP increased its position in shares of Lululemon Athletica by 359.4% during the 2nd quarter. Marshall Wace LLP now owns 204,500 shares of the apparel retailer’s stock valued at $61,084,000 after purchasing an additional 283,344 shares during the period. Swedbank AB raised its stake 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 worth $99,744,000 after buying an additional 221,112 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Lululemon Athletica by 38.2% in the second quarter. Dimensional Fund Advisors LP now owns 737,872 shares of the apparel retailer’s stock valued at $220,423,000 after buying an additional 203,882 shares during the period. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Performance

Shares of Lululemon Athletica stock traded up $3.65 during midday trading on Thursday, reaching $296.79. 501,994 shares of the company’s stock traded hands, compared to its average volume of 2,107,680. The company has a market cap of $37.10 billion, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 1.99 and a beta of 1.25. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $516.39. The company’s 50 day simple moving average is $268.39 and its 200 day simple moving average is $294.69.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.22. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.41 billion. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company earned $2.68 earnings per share. As a group, equities research analysts predict that Lululemon Athletica Inc. will post 14.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LULU. Bank of America lowered their target price on Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Lululemon Athletica from $291.00 to $292.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Evercore ISI restated an “outperform” rating and issued a $300.00 price target on shares of Lululemon Athletica in a research report on Monday, August 26th. Morgan Stanley cut 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. Finally, Wells Fargo & Company cut their target price on Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $354.55.

Insiders Place Their Bets

In other news, CEO Calvin Mcdonald purchased 4,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were 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 in the company, valued at $23,379,720. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Calvin Mcdonald bought 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were purchased at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the acquisition, the chief executive officer now directly owns 89,922 shares of the company’s stock, valued at $23,379,720. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Nicole Neuburger sold 486 shares of the company’s 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 sale, the insider now owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Lululemon Athletica Company 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.