Livforsakringsbolaget Skandia Omsesidigt Has $909,000 Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 49.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,349 shares of the apparel retailer’s stock after buying an additional 1,102 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Lululemon Athletica were worth $909,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC increased its holdings in shares of Lululemon Athletica by 129.5% in the fourth quarter. V Square Quantitative Management LLC now owns 1,767 shares of the apparel retailer’s stock valued at $903,000 after purchasing an additional 997 shares in the last quarter. Raleigh Capital Management Inc. increased its stake in shares of Lululemon Athletica by 741.5% in the 4th quarter. Raleigh Capital Management Inc. now owns 690 shares of the apparel retailer’s stock valued at $353,000 after buying an additional 608 shares during the period. Cim LLC bought a new stake in shares of Lululemon Athletica during the fourth quarter worth $424,000. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Lululemon Athletica during the fourth quarter valued at $5,113,000. Finally, Virtu Financial LLC bought a new position in Lululemon Athletica in the fourth quarter valued at about $1,077,000. Institutional investors own 85.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on LULU shares. Robert W. Baird cut their target price on shares of Lululemon Athletica from $470.00 to $350.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Bank of America reduced their price objective on shares of Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. TD Cowen dropped their target price on shares of Lululemon Athletica from $420.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Truist Financial restated a “buy” rating and issued a $310.00 price target on shares of Lululemon Athletica in a research report on Wednesday, August 28th. Finally, Guggenheim dropped their price objective on Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating for the company in a report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $354.55.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the company’s stock in a transaction on 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 directly 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total transaction of $131,020.74. Following the transaction, the insider now owns 6,198 shares of the company’s stock, valued at $1,670,918.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Calvin Mcdonald acquired 4,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was acquired at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the purchase, the chief executive officer now directly owns 89,922 shares of the company’s stock, valued at approximately $23,379,720. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.48% of the stock is owned by company insiders.

Lululemon Athletica Trading Up 1.7 %

Lululemon Athletica stock opened at $278.25 on Friday. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $516.39. The company has a fifty day simple moving average of $259.85 and a 200 day simple moving average of $299.50. The company has a market cap of $34.16 billion, a P/E ratio of 21.50, a price-to-earnings-growth ratio of 1.99 and a beta of 1.25.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the previous year, the business earned $2.68 earnings per share. Lululemon Athletica’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities research analysts forecast 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.