Daiwa Securities Group Inc. Boosts Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Daiwa Securities Group Inc. increased its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 5.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,949 shares of the apparel retailer’s stock after buying an additional 1,293 shares during the period. Daiwa Securities Group Inc.’s holdings in Lululemon Athletica were worth $7,313,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC lifted its position in shares of Lululemon Athletica by 78.2% in the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after buying an additional 43 shares in the last quarter. Paladin Wealth LLC purchased a new stake in shares of Lululemon Athletica in the third quarter worth about $29,000. Versant Capital Management Inc increased its stake in Lululemon Athletica by 61.5% during the second quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 40 shares during the last quarter. JFS Wealth Advisors LLC increased its stake in Lululemon Athletica by 127.5% during the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 65 shares during the last quarter. Finally, Ridgewood Investments LLC bought a new stake in Lululemon Athletica during the second quarter worth approximately $33,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LULU has been the topic of several analyst reports. Wedbush reduced their price objective on Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 28th. Sanford C. Bernstein reduced their price objective on Lululemon Athletica from $345.00 to $325.00 and set a “market perform” rating on the stock in a research note on Friday, August 30th. Truist Financial upped their target price on Lululemon Athletica from $310.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group cut Lululemon Athletica from a “buy” rating to a “neutral” rating and cut their target price for the company from $463.00 to $286.00 in a research note on Friday, August 2nd. Finally, Guggenheim cut their target price 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 investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and an average target price of $357.13.

Lululemon Athletica Trading Up 3.0 %

Shares of LULU opened at $326.72 on Tuesday. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $516.39. The stock has a fifty day moving average price of $293.06 and a 200-day moving average price of $287.86. The firm has a market cap of $40.11 billion, a PE ratio of 25.25, a P/E/G ratio of 2.31 and a beta of 1.24.

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

Insider Activity at Lululemon Athletica

In other news, CEO Calvin Mcdonald bought 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were purchased at an average cost of $260.00 per share, with a total value of $1,040,000.00. Following the transaction, the chief executive officer now directly owns 89,922 shares in the company, valued at approximately $23,379,720. The trade was a 4.66 % increase in their ownership of the stock. The transaction was disclosed in a 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 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 transaction, the insider now directly owns 6,198 shares in the company, valued at approximately $1,670,918.82. The trade was a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.

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.