Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by Impax Asset Management Group plc

Impax Asset Management Group plc lifted its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 10.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 28,165 shares of the apparel retailer’s stock after purchasing an additional 2,676 shares during the quarter. Impax Asset Management Group plc’s holdings in Lululemon Athletica were worth $7,643,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Shepherd Financial Partners LLC acquired a new stake in shares of Lululemon Athletica during the third quarter worth $953,000. XTX Topco Ltd lifted its position in Lululemon Athletica by 281.4% during the second quarter. XTX Topco Ltd now owns 8,894 shares of the apparel retailer’s stock valued at $2,657,000 after purchasing an additional 6,562 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in Lululemon Athletica by 31.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 15,425 shares of the apparel retailer’s stock valued at $4,607,000 after purchasing an additional 3,721 shares during the period. Gateway Investment Advisers LLC lifted its position in Lululemon Athletica by 9.7% during the second quarter. Gateway Investment Advisers LLC now owns 34,709 shares of the apparel retailer’s stock valued at $10,368,000 after purchasing an additional 3,077 shares during the period. Finally, Rheos Capital Works Inc. lifted its position in Lululemon Athletica by 19.2% during the third quarter. Rheos Capital Works Inc. now owns 15,500 shares of the apparel retailer’s stock valued at $4,206,000 after purchasing an additional 2,500 shares during the period. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Lululemon Athletica

In related news, CEO Calvin Mcdonald acquired 4,000 shares of the firm’s stock in a transaction dated 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 acquisition, 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction that occurred 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 completion of the sale, the insider now owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This trade represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Lululemon Athletica Price Performance

Shares of LULU stock opened at $320.01 on Friday. The company has a market capitalization of $39.29 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 2.39 and a beta of 1.24. The firm’s 50-day moving average is $285.03 and its two-hundred day moving average is $290.70. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $516.39.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on LULU shares. Sanford C. Bernstein decreased their target price on shares of Lululemon Athletica from $345.00 to $325.00 and set a “market perform” rating for the company in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Lululemon Athletica from $291.00 to $292.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. decreased their target price on shares of Lululemon Athletica from $457.00 to $338.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. KeyCorp cut their price objective on shares of Lululemon Athletica from $415.00 to $350.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Finally, TD Securities lifted their price objective on shares of Lululemon Athletica from $375.00 to $382.00 and gave the company a “buy” rating in a report on Friday, August 30th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, Lululemon Athletica has a consensus rating of “Moderate Buy” and an average price target of $357.13.

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.