Geode Capital Management LLC Raises Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Geode Capital Management LLC lifted its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 1.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 2,474,828 shares of the apparel retailer's stock after acquiring an additional 44,294 shares during the period. Geode Capital Management LLC owned approximately 2.02% of Lululemon Athletica worth $669,036,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of LULU. Rockline Wealth Management LLC grew its stake in Lululemon Athletica by 1.3% during the 2nd quarter. Rockline Wealth Management LLC now owns 3,314 shares of the apparel retailer's stock valued at $990,000 after purchasing an additional 43 shares during the last quarter. Larson Financial Group LLC increased its holdings in Lululemon Athletica by 78.2% in 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 period. HHM Wealth Advisors LLC increased its holdings in Lululemon Athletica by 66.7% in the 2nd quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer's stock worth $34,000 after buying an additional 46 shares during the period. WD Rutherford LLC raised its position in Lululemon Athletica by 0.8% during the 2nd quarter. WD Rutherford LLC now owns 6,421 shares of the apparel retailer's stock worth $1,918,000 after buying an additional 52 shares during the last quarter. Finally, Beacon Capital Management LLC lifted its stake in Lululemon Athletica by 27.3% during the 2nd quarter. Beacon Capital Management LLC now owns 247 shares of the apparel retailer's stock valued at $74,000 after acquiring an additional 53 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of the company's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $405.54, for a total value of $10,085,779.80. Following the transaction, the insider now owns 12,429 shares of the company's stock, valued at $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Nicole Neuburger sold 486 shares of Lululemon Athletica 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 sale, the insider now owns 6,198 shares of the company's stock, valued at approximately $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. 0.48% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

LULU has been the topic of a number of research reports. Evercore ISI increased their price objective on shares of Lululemon Athletica from $300.00 to $355.00 and gave the stock an "outperform" rating in a research note on Monday, December 2nd. Citigroup lifted their price objective on Lululemon Athletica from $270.00 to $380.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. Sanford C. Bernstein decreased their price objective on Lululemon Athletica from $345.00 to $325.00 and set a "market perform" rating for the company in a report on Friday, August 30th. TD Cowen raised their target price on Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. Finally, Jefferies Financial Group reissued an "underperform" rating and issued a $220.00 price target on shares of Lululemon Athletica in a report on Monday, December 2nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $377.63.

Lululemon Athletica Stock Performance

Shares of NASDAQ LULU traded down $10.42 during trading on Thursday, hitting $389.33. 1,568,120 shares of the company were exchanged, compared to its average volume of 2,125,005. The company has a fifty day moving average price of $313.85 and a 200-day moving average price of $290.16. The firm has a market capitalization of $47.80 billion, a PE ratio of 28.48, a P/E/G ratio of 2.87 and a beta of 1.23. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $516.39.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping analysts' consensus estimates of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the firm earned $2.53 earnings per share. Lululemon Athletica's quarterly revenue was up 9.1% compared to the same quarter last year. Research analysts anticipate that Lululemon Athletica Inc. will post 14.19 earnings per share for the current fiscal 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.