ICICI Prudential Asset Management Co Ltd Buys 209 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

ICICI Prudential Asset Management Co Ltd grew its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 15.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,535 shares of the apparel retailer’s stock after purchasing an additional 209 shares during the quarter. ICICI Prudential Asset Management Co Ltd’s holdings in Lululemon Athletica were worth $417,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Larson Financial Group LLC increased its stake 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 valued at $29,000 after acquiring an additional 43 shares in the last quarter. Paladin Wealth LLC bought a new stake in Lululemon Athletica in the third quarter valued at $29,000. Versant Capital Management Inc raised its holdings in shares of Lululemon Athletica by 61.5% during the second quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 40 shares during the period. JFS Wealth Advisors LLC raised its holdings in shares of Lululemon Athletica by 127.5% during the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 65 shares during the period. Finally, Ridgewood Investments LLC bought a new position in shares of Lululemon Athletica during the 2nd quarter worth about $33,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Lululemon Athletica news, CEO Calvin Mcdonald acquired 4,000 shares of the business’s stock in a transaction dated 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 acquisition, the chief executive officer now owns 89,922 shares of the company’s stock, valued at $23,379,720. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Nicole Neuburger sold 486 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was 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. This represents a 0.00 % decrease in their position. 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 firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were purchased at an average cost of $260.00 per share, for a total transaction of $1,040,000.00. Following the completion of the acquisition, the chief executive officer now owns 89,922 shares in the company, valued at $23,379,720. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LULU. JPMorgan Chase & Co. decreased their target price on Lululemon Athletica from $457.00 to $338.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Evercore ISI reaffirmed an “outperform” rating and set a $300.00 target price on shares of Lululemon Athletica in a research report on Monday, August 26th. UBS Group reduced their price target on shares of Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating for the company in a research report on Tuesday, August 20th. Raymond James dropped their price objective on shares of Lululemon Athletica from $350.00 to $325.00 and set an “outperform” rating on the stock in a research note on Monday, September 2nd. Finally, KeyCorp cut their price target on Lululemon Athletica from $415.00 to $350.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, Lululemon Athletica has a consensus rating of “Moderate Buy” and a consensus price target of $357.13.

Lululemon Athletica Stock Up 2.3 %

LULU opened at $328.30 on Thursday. The firm has a 50-day moving average price of $282.04 and a 200-day moving average price of $290.16. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $516.39. The company has a market capitalization of $40.31 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 2.33 and a beta of 1.24.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the business earned $2.68 EPS. Lululemon Athletica’s revenue was up 9.1% compared to the same quarter last year. On average, sell-side analysts expect that Lululemon Athletica Inc. will post 14.02 earnings per share for the current fiscal year.

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.