Lululemon Athletica Inc. (NASDAQ:LULU) Stock Holdings Boosted by LGT Capital Partners LTD.

LGT Capital Partners LTD. grew its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 8.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 317,718 shares of the apparel retailer's stock after acquiring an additional 24,501 shares during the period. Lululemon Athletica comprises 3.0% of LGT Capital Partners LTD.'s portfolio, making the stock its 14th largest holding. LGT Capital Partners LTD. owned 0.26% of Lululemon Athletica worth $86,213,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its stake in shares of Lululemon Athletica by 78.2% during the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer's stock worth $29,000 after buying an additional 43 shares during the last quarter. Paladin Wealth LLC acquired a new position in Lululemon Athletica in the 3rd quarter valued at about $29,000. Versant Capital Management Inc lifted its holdings in Lululemon Athletica by 61.5% in the 2nd 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 in the last quarter. JFS Wealth Advisors LLC grew 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 worth $31,000 after buying an additional 65 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new position in shares of Lululemon Athletica in the second quarter valued at approximately $33,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on LULU. Guggenheim lowered their target price on shares of Lululemon Athletica from $525.00 to $350.00 and set a "buy" rating for the company in a research note on Friday, August 30th. TD Securities upped their target price on Lululemon Athletica from $375.00 to $382.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Raymond James decreased their price target on Lululemon Athletica from $350.00 to $325.00 and set an "outperform" rating on the stock in a research note on Monday, September 2nd. Stifel Nicolaus cut their price objective on shares of Lululemon Athletica from $416.00 to $370.00 and set a "buy" rating on the stock in a report on Thursday, August 22nd. Finally, Robert W. Baird boosted their target price on shares of Lululemon Athletica from $350.00 to $380.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Lululemon Athletica currently has an average rating of "Moderate Buy" and an average target price of $357.13.

Insiders Place Their Bets

In other Lululemon Athletica news, CEO Calvin Mcdonald acquired 4,000 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The shares were purchased at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the completion of the purchase, the chief executive officer now directly owns 89,922 shares in the company, valued at $23,379,720. The trade was a 4.66 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the completion of the transaction, the insider now owns 6,198 shares of the company's stock, valued at approximately $1,670,918.82. The trade was a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

Lululemon Athletica Price Performance

Shares of NASDAQ:LULU traded down $7.32 during midday trading on Tuesday, reaching $302.21. The company had a trading volume of 1,316,356 shares, compared to its average volume of 2,091,195. The stock has a market capitalization of $37.10 billion, a P/E ratio of 23.36, a PEG ratio of 2.33 and a beta of 1.24. The stock's fifty day moving average price is $287.57 and its 200-day moving average price is $289.16. 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 released its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share for the quarter, topping the consensus estimate of $2.93 by $0.22. The company had revenue of $2.40 billion during 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 company's revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.68 EPS. As a group, 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.