Lululemon Athletica Inc. (NASDAQ:LULU) Stock Holdings Boosted by Ieq Capital LLC

Ieq Capital LLC lifted its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 61.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,139 shares of the apparel retailer's stock after buying an additional 6,529 shares during the quarter. Ieq Capital LLC's holdings in Lululemon Athletica were worth $6,554,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Citigroup boosted their target price on shares of Lululemon Athletica from $270.00 to $380.00 and gave the company a "neutral" rating in a report on Friday, December 6th. KeyCorp boosted their target price on shares of Lululemon Athletica from $400.00 to $420.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Barclays boosted their target price on shares of Lululemon Athletica from $378.00 to $411.00 and gave the company an "equal weight" rating in a report on Thursday, January 16th. Wells Fargo & Company boosted their target price on shares of Lululemon Athletica from $350.00 to $375.00 and gave the company an "equal weight" rating in a report on Wednesday, January 15th. Finally, UBS Group boosted their target price on shares of Lululemon Athletica from $315.00 to $360.00 and gave the company a "neutral" rating in a report on Friday, December 6th. One equities 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $399.14.

Lululemon Athletica Stock Down 1.9 %

Shares of NASDAQ LULU traded down $6.85 during trading on Friday, reaching $358.97. 1,400,060 shares of the stock were exchanged, compared to its average volume of 1,493,499. The company has a market capitalization of $43.72 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19. The business's 50-day moving average price is $388.35 and its 200 day moving average price is $324.60. 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 released 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. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the firm earned $2.53 earnings per share. The firm's revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, sell-side analysts expect that Lululemon Athletica Inc. will post 14.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the business's stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the sale, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. The trade was 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 available at this link. Also, insider Celeste Burgoyne sold 24,870 shares of the business's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the sale, the insider now owns 12,429 shares of the company's stock, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.

About Lululemon Athletica

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.