Principal Financial Group Inc. raised its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 61.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 250,175 shares of the apparel retailer's stock after buying an additional 94,997 shares during the period. Principal Financial Group Inc. owned 0.21% of Lululemon Athletica worth $67,885,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in LULU. Geode Capital Management LLC boosted its holdings in shares of Lululemon Athletica by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer's stock worth $669,036,000 after acquiring an additional 44,294 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Lululemon Athletica by 4.9% during the second quarter. American Century Companies Inc. now owns 1,769,096 shares of the apparel retailer's stock worth $528,429,000 after purchasing an additional 82,731 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Lululemon Athletica by 3.7% in the second quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer's stock valued at $310,763,000 after buying an additional 37,239 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Lululemon Athletica by 74,856.2% in the third quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer's stock valued at $243,055,000 after buying an additional 894,531 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Lululemon Athletica by 38.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 737,872 shares of the apparel retailer's stock worth $220,423,000 after buying an additional 203,882 shares in the last quarter. 85.20% of the stock is owned by institutional investors.
Insider Activity at Lululemon Athletica
In related news, insider Celeste Burgoyne sold 24,870 shares of the company's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the sale, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Nicole Neuburger sold 486 shares of the business's stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction of $131,020.74. Following the transaction, the insider now owns 6,198 shares in the company, valued at $1,670,918.82. This trade represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.
Lululemon Athletica Stock Performance
LULU traded up $5.88 during trading on Friday, reaching $379.42. The stock had a trading volume of 3,154,056 shares, compared to its average volume of 2,120,364. The business has a 50-day moving average of $329.42 and a 200-day moving average of $294.08. The stock has a market cap of $46.21 billion, a PE ratio of 27.39, a PEG ratio of 2.84 and a beta of 1.23. 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 quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.40 billion for the quarter, compared to analysts' expectations of $2.36 billion. During the same quarter in the previous year, the company earned $2.53 earnings per share. The company's revenue for the quarter was up 9.1% compared to the same quarter last year. Equities research analysts forecast that Lululemon Athletica Inc. will post 14.17 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on LULU. Needham & Company LLC reaffirmed a "hold" rating on shares of Lululemon Athletica in a research note on Friday, December 6th. Guggenheim boosted their price objective on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Piper Sandler lifted their target price on Lululemon Athletica from $260.00 to $340.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. JPMorgan Chase & Co. raised their price target on Lululemon Athletica from $338.00 to $425.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Finally, BMO Capital Markets increased their price objective on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a "market perform" rating in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $377.63.
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About Lululemon Athletica
(
Free Report)
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.
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![Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NASDAQ&Symbol=LULU)
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