Rakuten Securities Inc. Purchases 1,815 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Rakuten Securities Inc. boosted its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 876.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,022 shares of the apparel retailer's stock after buying an additional 1,815 shares during the quarter. Rakuten Securities Inc.'s holdings in Lululemon Athletica were worth $549,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in Lululemon Athletica by 198.8% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer's stock valued at $1,844,000 after buying an additional 4,564 shares during the last quarter. North Growth Management Ltd. acquired a new stake in shares of Lululemon Athletica in the 3rd quarter valued at $271,000. WealthPlan Investment Management LLC lifted its holdings in Lululemon Athletica by 55.6% during the 3rd quarter. WealthPlan Investment Management LLC now owns 5,089 shares of the apparel retailer's stock worth $1,381,000 after buying an additional 1,818 shares during the period. GSA Capital Partners LLP bought a new position in shares of Lululemon Athletica in the 3rd quarter worth about $1,388,000. Finally, Apollon Wealth Management LLC increased its holdings in Lululemon Athletica by 29.1% during the 3rd quarter. Apollon Wealth Management LLC now owns 2,561 shares of the apparel retailer's stock worth $695,000 after purchasing an additional 577 shares in the last quarter. Institutional investors own 85.20% of the company's stock.

Insider Activity

In other news, CEO Calvin Mcdonald acquired 4,000 shares of Lululemon Athletica stock in a transaction dated Tuesday, September 3rd. The shares were purchased at an average cost of $260.00 per share, for a total transaction of $1,040,000.00. Following the transaction, the chief executive officer now owns 89,922 shares of the company's stock, valued at $23,379,720. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Lululemon Athletica news, CEO Calvin Mcdonald acquired 4,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were acquired at an average cost of $260.00 per share, for a total transaction of $1,040,000.00. Following the completion of the transaction, the chief executive officer now directly owns 89,922 shares of the company's stock, valued at approximately $23,379,720. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Nicole Neuburger sold 486 shares of the company's 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 transaction, the insider now directly owns 6,198 shares in the company, valued at approximately $1,670,918.82. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.48% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on LULU shares. Guggenheim reduced their target price on Lululemon Athletica from $525.00 to $350.00 and set a "buy" rating on the stock in a research note on Friday, August 30th. UBS Group reduced their target price on shares of Lululemon Athletica from $385.00 to $315.00 and set a "neutral" rating on the stock in a report on Tuesday, August 20th. TD Securities upped their price target on shares of Lululemon Athletica from $375.00 to $382.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. KeyCorp cut their price target on shares of Lululemon Athletica from $415.00 to $350.00 and set an "overweight" rating on the stock in a research note on Friday, August 30th. Finally, Citigroup lowered their price target on shares of Lululemon Athletica from $300.00 to $270.00 and set a "neutral" rating on the stock in a report on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $357.13.

Lululemon Athletica Stock Performance

LULU stock traded up $2.21 during trading on Tuesday, reaching $320.67. 835,591 shares of the company were exchanged, compared to its average volume of 2,101,115. The stock's 50 day moving average price is $280.78 and its 200 day moving average price is $290.46. The company has a market cap of $39.37 billion, a P/E ratio of 24.61, a PEG ratio of 2.24 and a beta of 1.24. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $516.39.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $2.41 billion. During the same period in the prior year, the firm earned $2.68 earnings per share. The firm's revenue was up 9.1% compared to the same quarter last year. As a group, equities research analysts forecast that Lululemon Athletica Inc. will post 14.02 EPS 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.