Alberta Investment Management Corp Reduces Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Alberta Investment Management Corp reduced its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 43.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,850 shares of the apparel retailer's stock after selling 6,850 shares during the period. Alberta Investment Management Corp's holdings in Lululemon Athletica were worth $3,384,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its holdings in shares of 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. Maverick Capital Ltd. bought a new stake in Lululemon Athletica in the 3rd quarter worth approximately $93,476,000. The Manufacturers Life Insurance Company boosted its stake in Lululemon Athletica by 136.3% in the third quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer's stock worth $143,624,000 after buying an additional 305,302 shares in the last quarter. Southpoint Capital Advisors LP bought a new position in Lululemon Athletica during the third quarter valued at approximately $81,405,000. Finally, River Road Asset Management LLC bought a new position in Lululemon Athletica during the third quarter valued at approximately $79,503,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the transaction, the insider now directly owns 6,198 shares of the company's stock, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the company's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the completion of the transaction, the insider now owns 12,429 shares in the company, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.48% of the company's stock.

Wall Street Analyst Weigh In

LULU has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of Lululemon Athletica from $428.00 to $437.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Robert W. Baird boosted their price target on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Telsey Advisory Group raised their price objective on Lululemon Athletica from $430.00 to $445.00 and gave the company an "outperform" rating in a research note on Tuesday, January 14th. KeyCorp boosted their target price on Lululemon Athletica from $400.00 to $420.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Finally, Citigroup raised their price target on Lululemon Athletica from $270.00 to $380.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $399.14.

Lululemon Athletica Stock Performance

Shares of NASDAQ LULU traded down $6.85 during mid-day trading on Friday, hitting $358.97. 1,400,060 shares of the stock traded hands, compared to its average volume of 1,493,499. The company has a market cap of $43.72 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 2.22 and a beta of 1.19. The stock has a fifty day moving average price of $388.35 and a 200-day moving average price of $324.60. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $480.94.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating analysts' consensus estimates of $2.69 by $0.18. The firm had revenue of $2.40 billion for the quarter, compared to analysts' expectations of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company's quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.53 EPS. As a group, sell-side analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Lululemon Athletica 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.