18,156 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Bought by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC bought a new stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,156 shares of the apparel retailer's stock, valued at approximately $4,927,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Orion Portfolio Solutions LLC increased its holdings in shares of Lululemon Athletica by 41.7% during the first quarter. Orion Portfolio Solutions LLC now owns 6,465 shares of the apparel retailer's stock worth $2,526,000 after purchasing an additional 1,901 shares during the period. Vanguard Group Inc. raised its holdings in Lululemon Athletica by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 9,847,954 shares of the apparel retailer's stock valued at $3,847,103,000 after acquiring an additional 154,985 shares in the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of Lululemon Athletica during the 1st quarter valued at $461,000. Trustmark National Bank Trust Department acquired a new stake in shares of Lululemon Athletica during the 1st quarter worth $638,000. Finally, Alerus Financial NA bought a new position in shares of Lululemon Athletica in the first quarter worth $1,809,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LULU shares. Wells Fargo & Company decreased their target price on shares of Lululemon Athletica from $350.00 to $285.00 and set an "equal weight" rating on the stock in a report on Friday, August 23rd. Sanford C. Bernstein lowered their price objective on shares of Lululemon Athletica from $345.00 to $325.00 and set a "market perform" rating for the company in a research report on Friday, August 30th. Telsey Advisory Group cut their target price on Lululemon Athletica from $470.00 to $360.00 and set an "outperform" rating for the company in a research note on Monday, August 26th. Stifel Nicolaus decreased their price target on Lululemon Athletica from $416.00 to $370.00 and set a "buy" rating on the stock in a research note on Thursday, August 22nd. Finally, The Goldman Sachs Group downgraded Lululemon Athletica from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $463.00 to $286.00 in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, Lululemon Athletica currently has an average rating of "Moderate Buy" and an average price target of $357.13.

Insider Buying and Selling

In related news, insider Nicole Neuburger sold 486 shares of the stock in a transaction on Thursday, September 26th. The stock was 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 $1,670,918.82. This trade represents a 7.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Calvin Mcdonald purchased 4,000 shares of the firm's stock in a transaction on Tuesday, September 3rd. The shares were acquired at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the purchase, the chief executive officer now directly owns 89,922 shares in the company, valued at $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 insiders.

Lululemon Athletica Stock Down 3.1 %

Lululemon Athletica stock traded down $10.25 during trading hours on Friday, reaching $320.01. 1,264,651 shares of the company's stock were exchanged, compared to its average volume of 1,886,131. The firm has a market capitalization of $39.29 billion, a PE ratio of 24.73, a PEG ratio of 2.33 and a beta of 1.24. The firm's 50 day simple moving average is $286.35 and its 200 day simple moving average is $289.90. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $516.39.

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