AustralianSuper Pty Ltd Takes Position in lululemon athletica inc. $LULU

AustralianSuper Pty Ltd acquired a new stake in shares of lululemon athletica inc. (NASDAQ:LULU) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 27,270 shares of the apparel retailer’s stock, valued at approximately $5,667,000.

Several other hedge funds have also recently made changes to their positions in LULU. Brighton Jones LLC purchased a new position in shares of lululemon athletica during the fourth quarter valued at approximately $429,000. NewEdge Advisors LLC raised its holdings in shares of lululemon athletica by 5.1% during the first quarter. NewEdge Advisors LLC now owns 3,848 shares of the apparel retailer’s stock valued at $1,089,000 after purchasing an additional 186 shares during the last quarter. Glenview Trust co raised its holdings in shares of lululemon athletica by 39.9% during the second quarter. Glenview Trust co now owns 996 shares of the apparel retailer’s stock valued at $237,000 after purchasing an additional 284 shares during the last quarter. Diversify Advisory Services LLC purchased a new position in shares of lululemon athletica during the second quarter valued at approximately $508,000. Finally, Raymond James Financial Inc. raised its holdings in shares of lululemon athletica by 10.7% during the second quarter. Raymond James Financial Inc. now owns 112,632 shares of the apparel retailer’s stock valued at $26,759,000 after purchasing an additional 10,891 shares during the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Telsey Advisory Group cut their target price on shares of lululemon athletica from $215.00 to $175.00 and set a “market perform” rating for the company in a research report on Wednesday, March 18th. Wells Fargo & Company cut their target price on shares of lululemon athletica from $175.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 18th. BNP Paribas Exane cut their target price on shares of lululemon athletica from $206.00 to $170.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. Barclays cut their target price on shares of lululemon athletica from $203.00 to $161.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 18th. Finally, Robert W. Baird cut their target price on shares of lululemon athletica from $190.00 to $170.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, twenty-eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $203.80.

Insiders Place Their Bets

In other news, Director Charles V. Bergh purchased 6,090 shares of the company’s stock in a transaction on Friday, March 20th. The stock was acquired at an average cost of $164.20 per share, for a total transaction of $999,978.00. Following the completion of the transaction, the director directly owned 6,090 shares in the company, valued at $999,978. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Nicole Neuburger sold 622 shares of the company’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $161.00, for a total transaction of $100,142.00. Following the completion of the transaction, the insider owned 19,156 shares of the company’s stock, valued at approximately $3,084,116. The trade was a 3.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.54% of the company’s stock.

lululemon athletica Price Performance

LULU opened at $119.14 on Friday. The firm has a market cap of $14.38 billion, a P/E ratio of 8.96, a PEG ratio of 3.72 and a beta of 0.90. lululemon athletica inc. has a 1-year low of $119.06 and a 1-year high of $340.25. The company has a 50 day simple moving average of $152.48 and a two-hundred day simple moving average of $174.54.

lululemon athletica (NASDAQ:LULU) last posted its quarterly earnings results on Tuesday, March 17th. The apparel retailer reported $5.01 earnings per share for the quarter, topping analysts’ consensus estimates of $4.78 by $0.23. The business had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.59 billion. lululemon athletica had a net margin of 14.22% and a return on equity of 34.82%. The company’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the business posted $6.14 earnings per share. Equities analysts anticipate that lululemon athletica inc. will post 12.3 earnings per share for the current year.

About lululemon athletica

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.