Touchstone Capital Inc. Invests $4.08 Million in Lululemon Athletica Inc. (NASDAQ:LULU)

Touchstone Capital Inc. acquired a new stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 15,052 shares of the apparel retailer's stock, valued at approximately $4,084,000. Lululemon Athletica makes up 6.2% of Touchstone Capital Inc.'s portfolio, making the stock its 6th biggest holding.

Several other hedge funds also recently modified their holdings of the stock. XTX Topco Ltd grew its position in Lululemon Athletica by 281.4% in the 2nd quarter. XTX Topco Ltd now owns 8,894 shares of the apparel retailer's stock valued at $2,657,000 after purchasing an additional 6,562 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in Lululemon Athletica by 31.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,425 shares of the apparel retailer's stock valued at $4,607,000 after purchasing an additional 3,721 shares during the period. Brookstone Capital Management grew its position in Lululemon Athletica by 202.8% in the 1st quarter. Brookstone Capital Management now owns 1,714 shares of the apparel retailer's stock valued at $670,000 after purchasing an additional 1,148 shares during the period. Gateway Investment Advisers LLC grew its position in Lululemon Athletica by 9.7% in the 2nd quarter. Gateway Investment Advisers LLC now owns 34,709 shares of the apparel retailer's stock valued at $10,368,000 after purchasing an additional 3,077 shares during the period. Finally, Nordea Investment Management AB grew its position in Lululemon Athletica by 4.0% in the 1st quarter. Nordea Investment Management AB now owns 8,261 shares of the apparel retailer's stock valued at $3,250,000 after purchasing an additional 321 shares during the period. Institutional investors own 85.20% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on LULU. Wedbush reduced their price target on shares of Lululemon Athletica from $400.00 to $324.00 and set an "outperform" rating for the company in a research report on Wednesday, August 28th. Jefferies Financial Group reissued an "underperform" rating and issued a $220.00 price target on shares of Lululemon Athletica in a research report on Thursday, July 25th. TD Cowen reduced their price target on shares of Lululemon Athletica from $420.00 to $375.00 and set a "buy" rating for the company in a research report on Tuesday, August 27th. Evercore ISI reaffirmed an "outperform" rating and set a $300.00 price objective on shares of Lululemon Athletica in a report on Monday, August 26th. Finally, Citigroup cut their price objective 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 research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $354.55.

Lululemon Athletica Stock Up 2.3 %

Lululemon Athletica stock traded up $6.73 during midday trading on Wednesday, reaching $294.21. The stock had a trading volume of 2,342,780 shares, compared to its average volume of 2,118,278. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $516.39. The firm's 50-day moving average price is $261.93 and its 200 day moving average price is $297.41. The firm has a market capitalization of $36.78 billion, a PE ratio of 23.05, a P/E/G ratio of 1.99 and a beta of 1.25.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.93 by $0.22. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The business had revenue of $2.40 billion for the quarter, compared to analysts' expectations of $2.41 billion. During the same period in the previous year, the business posted $2.68 EPS. The firm's quarterly revenue was up 9.1% compared to the same quarter last year. Equities research analysts expect that Lululemon Athletica Inc. will post 14.02 EPS for the current year.

Insider Transactions at Lululemon Athletica

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

Lululemon Athletica Company 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.