Lululemon Athletica Inc. (NASDAQ:LULU) Stake Decreased by Handelsbanken Fonder AB

Handelsbanken Fonder AB lessened its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 12.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 60,184 shares of the apparel retailer's stock after selling 8,767 shares during the quarter. Handelsbanken Fonder AB's holdings in Lululemon Athletica were worth $23,015,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Geode Capital Management LLC grew its holdings in Lululemon Athletica by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer's stock valued at $669,036,000 after buying an additional 44,294 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Lululemon Athletica by 74,856.2% during the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer's stock valued at $243,055,000 after buying an additional 894,531 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Lululemon Athletica by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 702,294 shares of the apparel retailer's stock valued at $190,567,000 after buying an additional 19,808 shares during the last quarter. Montrusco Bolton Investments Inc. grew its holdings in Lululemon Athletica by 43.5% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 611,814 shares of the apparel retailer's stock valued at $166,016,000 after buying an additional 185,440 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in Lululemon Athletica by 60.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 546,162 shares of the apparel retailer's stock valued at $148,201,000 after buying an additional 205,757 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

Lululemon Athletica Stock Down 1.9 %

Shares of Lululemon Athletica stock traded down $6.85 during trading hours on Friday, hitting $358.97. 1,400,060 shares of the company's stock traded hands, compared to its average volume of 1,614,250. The stock has a 50 day simple moving average of $389.00 and a 200-day simple moving average of $323.73. The company has a market cap of $43.72 billion, a PE ratio of 25.92, a PEG ratio of 2.23 and a beta of 1.19. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month 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 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.18. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company's revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $2.53 earnings per share. As a group, equities research analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Insider Buying and Selling

In related news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction dated Thursday, December 26th. The stock was 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 in the company, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $405.54, for a total value of $10,085,779.80. Following the completion of the transaction, the insider now owns 12,429 shares of the company's stock, valued at $5,040,456.66. This trade represents a 66.68 % 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.

Analysts Set New Price Targets

Several research firms have recently issued reports on LULU. UBS Group raised their price objective on Lululemon Athletica from $315.00 to $360.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. TD Cowen raised their price objective on Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. Stifel Nicolaus restated a "buy" rating and set a $438.00 price objective (up previously from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. Truist Financial increased their target price on Lululemon Athletica from $420.00 to $460.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Lululemon Athletica from $292.00 to $396.00 and gave the stock a "hold" rating in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $399.14.

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.