Lululemon Athletica Inc. (NASDAQ:LULU) Shares Purchased by E Fund Management Hong Kong Co. Ltd.

E Fund Management Hong Kong Co. Ltd. boosted its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 32,300.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 324 shares of the apparel retailer’s stock after acquiring an additional 323 shares during the period. E Fund Management Hong Kong Co. Ltd.’s holdings in Lululemon Athletica were worth $88,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Financial Advocates Investment Management increased its position in Lululemon Athletica by 97.9% in the 3rd quarter. Financial Advocates Investment Management now owns 2,960 shares of the apparel retailer’s stock valued at $803,000 after acquiring an additional 1,464 shares during the period. JFS Wealth Advisors LLC increased its position in Lululemon Athletica by 127.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 65 shares during the period. SteelPeak Wealth LLC increased its position in Lululemon Athletica by 173.8% during the 3rd quarter. SteelPeak Wealth LLC now owns 6,144 shares of the apparel retailer’s stock worth $1,667,000 after purchasing an additional 3,900 shares during the period. Pinnacle Associates Ltd. increased its position in Lululemon Athletica by 178.1% during the 3rd quarter. Pinnacle Associates Ltd. now owns 3,223 shares of the apparel retailer’s stock worth $875,000 after purchasing an additional 2,064 shares during the period. Finally, First Trust Direct Indexing L.P. increased its position in Lululemon Athletica by 13.1% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,111 shares of the apparel retailer’s stock worth $573,000 after purchasing an additional 245 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Transactions at Lululemon Athletica

In other news, CEO Calvin Mcdonald acquired 4,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was acquired 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 directly owns 89,922 shares in the company, valued at approximately $23,379,720. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Calvin Mcdonald purchased 4,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased 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 in the company, valued at approximately $23,379,720. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicole Neuburger sold 486 shares of the 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 sale, the insider now owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on LULU. Bank of America dropped their target price on Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Citigroup dropped their target price on Lululemon Athletica from $300.00 to $270.00 and set a “neutral” rating on the stock in a research report on Thursday, August 22nd. Barclays decreased their price target on Lululemon Athletica from $263.00 to $261.00 and set an “equal weight” rating on the stock in a research note on Friday, August 30th. Piper Sandler boosted their price target on Lululemon Athletica from $250.00 to $260.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Finally, Guggenheim decreased their price target on Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating on the stock 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $354.55.

Lululemon Athletica Stock Down 0.3 %

Shares of Lululemon Athletica stock opened at $303.85 on Thursday. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $516.39. The firm has a market cap of $37.31 billion, a PE ratio of 23.48, a P/E/G ratio of 2.17 and a beta of 1.25. The business’s fifty day moving average is $272.78 and its two-hundred day moving average is $293.03.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data 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 business had revenue of $2.40 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.68 EPS. Equities research analysts anticipate that Lululemon Athletica Inc. will post 14.02 EPS for the current year.

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.