Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Swiss National Bank

Swiss National Bank cut its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 0.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 338,100 shares of the apparel retailer's stock after selling 2,100 shares during the period. Swiss National Bank owned about 0.28% of Lululemon Athletica worth $91,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in LULU. Hillsdale Investment Management Inc. acquired a new position in Lululemon Athletica in the first quarter valued at approximately $461,000. O Shaughnessy Asset Management LLC boosted its holdings in Lululemon Athletica by 24.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 9,500 shares of the apparel retailer's stock worth $3,711,000 after buying an additional 1,871 shares in the last quarter. UniSuper Management Pty Ltd grew its position in Lululemon Athletica by 239.3% during the first quarter. UniSuper Management Pty Ltd now owns 3,515 shares of the apparel retailer's stock valued at $1,373,000 after buying an additional 2,479 shares during the period. Bessemer Group Inc. increased its holdings in Lululemon Athletica by 296.5% in the first quarter. Bessemer Group Inc. now owns 10,182 shares of the apparel retailer's stock valued at $3,977,000 after buying an additional 7,614 shares in the last quarter. Finally, Lake Street Advisors Group LLC raised its position in shares of Lululemon Athletica by 115.6% in the first quarter. Lake Street Advisors Group LLC now owns 1,354 shares of the apparel retailer's stock worth $529,000 after acquiring an additional 726 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 Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction dated Thursday, September 26th. The stock was 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 directly owns 6,198 shares of the company's stock, valued at $1,670,918.82. The trade was a 7.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Calvin Mcdonald acquired 4,000 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the acquisition, the chief executive officer now directly 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. 0.48% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LULU. Bank of America cut their price target on Lululemon Athletica from $440.00 to $355.00 and set a "buy" rating for the company in a research note on Friday, August 30th. Citigroup dropped their price target on shares of Lululemon Athletica from $300.00 to $270.00 and set a "neutral" rating on the stock in a research note on Thursday, August 22nd. Telsey Advisory Group cut their price target on shares of Lululemon Athletica from $470.00 to $360.00 and set an "outperform" rating for the company in a report on Monday, August 26th. Evercore ISI reiterated an "outperform" rating and issued a $300.00 target price on shares of Lululemon Athletica in a research report on Monday, August 26th. Finally, Stifel Nicolaus cut their target price on shares of Lululemon Athletica from $416.00 to $370.00 and set a "buy" rating for the company in a research note on Thursday, August 22nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, Lululemon Athletica presently has a consensus rating of "Moderate Buy" and a consensus price target of $357.13.

Lululemon Athletica Stock Down 2.4 %

LULU stock traded down $7.32 during mid-day trading on Tuesday, hitting $302.21. 1,316,356 shares of the company were exchanged, compared to its average volume of 2,091,195. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $516.39. The firm 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 business has a fifty day simple moving average of $287.57 and a 200-day simple moving average of $289.16.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.22. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter last year, the firm earned $2.68 EPS. The firm's revenue for the quarter was up 9.1% on a year-over-year basis. Research analysts predict 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.