GSA Capital Partners LLP Takes $1.39 Million Position in Lululemon Athletica Inc. (NASDAQ:LULU)

GSA Capital Partners LLP purchased a new position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,116 shares of the apparel retailer's stock, valued at approximately $1,388,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Lululemon Athletica by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 9,847,954 shares of the apparel retailer's stock valued at $3,847,103,000 after buying an additional 154,985 shares in the last quarter. Value Star Asset Management Hong Kong Ltd boosted its stake 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 in the last quarter. American Century Companies Inc. boosted its stake in Lululemon Athletica by 4.9% in the 2nd quarter. American Century Companies Inc. now owns 1,769,096 shares of the apparel retailer's stock worth $528,429,000 after purchasing an additional 82,731 shares in the last quarter. Legal & General Group Plc boosted its stake in Lululemon Athletica by 3.7% in the 2nd quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer's stock worth $310,763,000 after purchasing an additional 37,239 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake 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 in the last quarter. 85.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. TD Securities raised their price target on shares of Lululemon Athletica from $375.00 to $382.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. UBS Group cut their target price 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. Bank of America cut their target price 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. JPMorgan Chase & Co. cut their price target on shares of Lululemon Athletica from $457.00 to $338.00 and set an "overweight" rating for the company in a report on Thursday, July 25th. Finally, Stifel Nicolaus cut their price target 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. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have assigned a buy rating to the company's stock. According to MarketBeat.com, Lululemon Athletica currently has a consensus rating of "Moderate Buy" and an average price target of $357.13.

Insider Activity

In related news, CEO Calvin Mcdonald acquired 4,000 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the transaction, the chief executive officer now owns 89,922 shares in the company, valued at $23,379,720. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Lululemon Athletica news, 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 value of $131,020.74. Following the sale, the insider now directly owns 6,198 shares of the company's stock, valued at approximately $1,670,918.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Calvin Mcdonald purchased 4,000 shares of the firm's stock in a transaction on Tuesday, September 3rd. The stock was acquired at an average cost of $260.00 per share, for a total transaction 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 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.48% of the company's stock.

Lululemon Athletica Stock Up 1.3 %

LULU traded up $4.18 on Thursday, reaching $332.48. The company's stock had a trading volume of 598,033 shares, compared to its average volume of 2,095,133. The stock has a 50 day moving average of $283.50 and a two-hundred day moving average of $290.42. The company has a market capitalization of $40.82 billion, a price-to-earnings ratio of 25.37, a P/E/G ratio of 2.33 and a beta of 1.24. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $516.39.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share 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 business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the prior year, the company earned $2.68 earnings per share. The company's revenue was up 9.1% compared to the same quarter last year. As a group, analysts anticipate that Lululemon Athletica Inc. will post 14.02 earnings per share for the current fiscal year.

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.