Caisse DE Depot ET Placement DU Quebec Increases Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Caisse DE Depot ET Placement DU Quebec boosted its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 60.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 546,162 shares of the apparel retailer’s stock after purchasing an additional 205,757 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Lululemon Athletica were worth $148,201,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in LULU. Swedbank AB acquired a new position in shares of Lululemon Athletica during the 1st quarter valued at about $19,103,000. Cetera Investment Advisers grew its stake in shares of Lululemon Athletica by 101.3% in the 1st quarter. Cetera Investment Advisers now owns 30,367 shares of the apparel retailer’s stock valued at $11,863,000 after buying an additional 15,279 shares during the period. Cetera Advisors LLC increased its holdings in shares of Lululemon Athletica by 148.6% during the 1st quarter. Cetera Advisors LLC now owns 8,217 shares of the apparel retailer’s stock worth $3,210,000 after buying an additional 4,912 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its position in shares of Lululemon Athletica by 125.7% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 22,574 shares of the apparel retailer’s stock valued at $8,818,000 after buying an additional 12,574 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its holdings in Lululemon Athletica by 52.5% in the first quarter. DekaBank Deutsche Girozentrale now owns 48,680 shares of the apparel retailer’s stock valued at $18,820,000 after acquiring an additional 16,755 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insiders Place Their Bets

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of Lululemon Athletica 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Calvin Mcdonald acquired 4,000 shares of Lululemon Athletica stock in a transaction on Tuesday, September 3rd. The shares were bought at an average cost of $260.00 per share, with a total value of $1,040,000.00. Following the completion of the purchase, 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 disclosure for this purchase can be found here. 0.48% of the stock is owned by corporate insiders.

Lululemon Athletica Price Performance

Shares of NASDAQ LULU opened at $320.66 on Friday. The business has a 50-day moving average of $297.19 and a two-hundred day moving average of $287.88. The company has a market capitalization of $39.37 billion, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 2.32 and a beta of 1.24. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $516.39.

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

Analysts Set New Price Targets

Several research firms have issued reports on LULU. KeyCorp cut their target price on Lululemon Athletica from $415.00 to $350.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Sanford C. Bernstein reduced their price objective on shares of Lululemon Athletica from $345.00 to $325.00 and set a “market perform” rating on the stock in a report on Friday, August 30th. Wedbush lowered their target price on shares of Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating for the company in a research note on Wednesday, August 28th. Wells Fargo & Company reduced their price target on shares of Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating on the stock in a research note on Friday, August 23rd. Finally, Piper Sandler increased their price objective on shares of Lululemon Athletica from $250.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $356.03.

Lululemon Athletica Company 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.