Ieq Capital LLC Acquires 6,529 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Ieq Capital LLC lifted its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 61.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,139 shares of the apparel retailer’s stock after purchasing an additional 6,529 shares during the quarter. Ieq Capital LLC’s holdings in Lululemon Athletica were worth $6,554,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in Lululemon Athletica by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock worth $669,036,000 after buying an additional 44,294 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Lululemon Athletica by 74,856.2% in the third quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock valued at $243,055,000 after acquiring an additional 894,531 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Lululemon Athletica by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 702,294 shares of the apparel retailer’s stock worth $190,567,000 after acquiring an additional 19,808 shares in the last quarter. Montrusco Bolton Investments Inc. boosted its position in Lululemon Athletica by 43.5% during the third quarter. Montrusco Bolton Investments Inc. now owns 611,814 shares of the apparel retailer’s stock valued at $166,016,000 after purchasing an additional 185,440 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in Lululemon Athletica by 60.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 546,162 shares of the apparel retailer’s stock valued at $148,201,000 after purchasing an additional 205,757 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group reiterated an “underperform” rating and set a $220.00 price objective on shares of Lululemon Athletica in a research note on Monday, December 2nd. UBS Group upped their price target on shares of Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Guggenheim lifted their price objective on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Sanford C. Bernstein upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $360.00 to $460.00 in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $438.00 target price (up from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $399.14.

Lululemon Athletica Price Performance

Shares of NASDAQ:LULU opened at $365.82 on Friday. The company has a market capitalization of $44.55 billion, a P/E ratio of 26.41, a P/E/G ratio of 2.26 and a beta of 1.19. The business’s 50 day simple moving average is $389.00 and its 200 day simple moving average is $323.73. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.18. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. Lululemon Athletica’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.53 EPS. On average, sell-side analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $405.54, for a total value of $10,085,779.80. Following the sale, the insider now owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

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.