Healthcare of Ontario Pension Plan Trust Fund Has $45.42 Million Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Healthcare of Ontario Pension Plan Trust Fund boosted its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 94.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 167,366 shares of the apparel retailer’s stock after acquiring an additional 81,277 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Lululemon Athletica were worth $45,415,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of LULU. Value Star Asset Management Hong Kong Ltd grew its position in Lululemon Athletica by 19,890.3% in the 2nd quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer’s stock worth $1,390,074,000 after purchasing an additional 4,630,466 shares during the last quarter. International Assets Investment Management LLC grew its position in Lululemon Athletica by 74,856.2% in the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock worth $243,055,000 after purchasing an additional 894,531 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Lululemon Athletica by 136.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock worth $143,624,000 after purchasing an additional 305,302 shares during the last quarter. River Road Asset Management LLC acquired a new stake in Lululemon Athletica in the 3rd quarter worth $79,503,000. Finally, Marshall Wace LLP grew its position in Lululemon Athletica by 359.4% in the 2nd quarter. Marshall Wace LLP now owns 204,500 shares of the apparel retailer’s stock worth $61,084,000 after purchasing an additional 283,344 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Lululemon Athletica Stock Up 0.2 %

Shares of LULU stock opened at $319.52 on Thursday. The firm has a fifty day moving average of $295.06 and a 200-day moving average of $287.84. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $516.39. The company has a market capitalization of $39.23 billion, a price-to-earnings ratio of 24.69, a P/E/G ratio of 2.38 and a beta of 1.24.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $2.41 billion. During the same quarter in the prior year, the company posted $2.68 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. On average, equities analysts expect that Lululemon Athletica Inc. will post 14.02 EPS for the current year.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, CEO Calvin Mcdonald purchased 4,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were acquired at an average cost of $260.00 per share, with a total value of $1,040,000.00. Following the completion of the transaction, the chief executive officer now owns 89,922 shares in the company, valued at $23,379,720. The trade was a 4.66 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nicole Neuburger sold 486 shares of the firm’s stock in a transaction dated 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 directly owns 6,198 shares in the company, valued at approximately $1,670,918.82. This represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. The Goldman Sachs Group lowered shares of Lululemon Athletica from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $463.00 to $286.00 in a research report on Friday, August 2nd. UBS Group reduced their price objective on shares of Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating for the company in a report on Tuesday, August 20th. Stifel Nicolaus reduced their price objective on shares of Lululemon Athletica from $416.00 to $370.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Citigroup reduced their price objective on shares of Lululemon Athletica from $300.00 to $270.00 and set a “neutral” rating for the company in a report on Thursday, August 22nd. Finally, Bank of America reduced their price objective on shares of Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating for the company in a report on Friday, August 30th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $356.03.

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.