8,091 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Acquired by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,091 shares of the apparel retailer's stock, valued at approximately $2,195,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC raised its holdings in shares of Lululemon Athletica by 78.2% during the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer's stock valued at $29,000 after purchasing an additional 43 shares during the last quarter. Paladin Wealth LLC purchased a new position in shares of Lululemon Athletica during the third quarter valued at approximately $29,000. Versant Capital Management Inc raised its holdings in shares of Lululemon Athletica by 61.5% during the second quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer's stock valued at $31,000 after purchasing an additional 40 shares during the last quarter. JFS Wealth Advisors LLC raised its holdings in shares of Lululemon Athletica by 127.5% during the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer's stock valued at $31,000 after purchasing an additional 65 shares during the last quarter. Finally, Ridgewood Investments LLC purchased a new position in shares of Lululemon Athletica during the second quarter valued at approximately $33,000. Institutional investors own 85.20% of the company's stock.

Insider Buying and Selling at Lululemon Athletica

In other news, CEO Calvin Mcdonald purchased 4,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were acquired 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 of the company's stock, valued at approximately $23,379,720. This represents a 4.66 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nicole Neuburger sold 486 shares of the firm's stock in a transaction dated 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 in the company, valued at $1,670,918.82. This represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.48% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Wedbush decreased their price objective on shares of Lululemon Athletica from $400.00 to $324.00 and set an "outperform" rating for the company in a report on Wednesday, August 28th. Needham & Company LLC assumed coverage on shares of Lululemon Athletica in a report on Friday. They set a "hold" rating for the company. TD Securities upped their target price 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. Telsey Advisory Group reduced their target price on shares of Lululemon Athletica from $470.00 to $360.00 and set an "outperform" rating for the company in a report on Monday, August 26th. Finally, Evercore ISI reaffirmed an "outperform" rating and set a $300.00 target price on shares of Lululemon Athletica in a report on Monday, August 26th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $357.13.

Lululemon Athletica Stock Up 0.6 %

LULU stock traded up $1.97 during trading on Friday, hitting $317.11. The company had a trading volume of 1,871,618 shares, compared to its average volume of 2,088,529. The firm has a market capitalization of $38.93 billion, a P/E ratio of 24.51, a PEG ratio of 2.20 and a beta of 1.24. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $516.39. The company has a 50 day simple moving average of $291.83 and a 200-day simple moving average of $288.87.

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