Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by Impax Asset Management Group plc

Impax Asset Management Group plc raised its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 10.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,165 shares of the apparel retailer's stock after purchasing an additional 2,676 shares during the period. Impax Asset Management Group plc's holdings in Lululemon Athletica were worth $7,643,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in LULU. ING Groep NV grew its position in Lululemon Athletica by 56.5% during the 3rd quarter. ING Groep NV now owns 23,594 shares of the apparel retailer's stock valued at $6,402,000 after purchasing an additional 8,521 shares during the last quarter. Metis Global Partners LLC grew its holdings in shares of Lululemon Athletica by 8.7% during the third quarter. Metis Global Partners LLC now owns 6,083 shares of the apparel retailer's stock valued at $1,651,000 after buying an additional 488 shares during the last quarter. Plato Investment Management Ltd bought a new stake in shares of Lululemon Athletica during the third quarter valued at approximately $1,051,000. ICICI Prudential Asset Management Co Ltd raised its holdings in Lululemon Athletica by 15.8% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 1,535 shares of the apparel retailer's stock worth $417,000 after acquiring an additional 209 shares during the last quarter. Finally, RPG Investment Advisory LLC bought a new position in Lululemon Athletica in the 3rd quarter valued at approximately $7,599,000. 85.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Lululemon Athletica

In related news, insider Nicole Neuburger sold 486 shares of the business's stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total transaction of $131,020.74. Following the transaction, the insider now directly owns 6,198 shares in the company, valued at $1,670,918.82. The trade was a 7.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Calvin Mcdonald purchased 4,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was acquired at an average cost of $260.00 per share, with a total value 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 position. The disclosure for this purchase can be found here. Insiders own 0.48% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on LULU. Evercore ISI restated an "outperform" rating and set a $300.00 target price on shares of Lululemon Athletica in a research note on Monday, August 26th. Wedbush dropped their target price on shares of Lululemon Athletica from $400.00 to $324.00 and set an "outperform" rating on the stock in a report on Wednesday, August 28th. UBS Group decreased their target price on shares of Lululemon Athletica from $385.00 to $315.00 and set a "neutral" rating for the company in a research note on Tuesday, August 20th. Piper Sandler raised their price target on Lululemon Athletica from $250.00 to $260.00 and gave the stock a "neutral" rating in a research note on Friday, August 30th. Finally, Raymond James lowered their target price on Lululemon Athletica from $350.00 to $325.00 and set an "outperform" rating on the stock in a report on Monday, September 2nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $357.13.

Lululemon Athletica Stock Down 3.1 %

NASDAQ:LULU traded down $10.25 during midday trading on Friday, hitting $320.01. The stock had a trading volume of 1,264,651 shares, compared to its average volume of 2,095,999. The stock has a 50-day moving average of $286.35 and a 200 day moving average of $290.39. The company has a market capitalization of $39.29 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 2.39 and a beta of 1.24. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $516.39.

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

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.