Rheos Capital Works Inc. Has $4.21 Million Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Rheos Capital Works Inc. increased its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 19.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,500 shares of the apparel retailer's stock after purchasing an additional 2,500 shares during the quarter. Rheos Capital Works Inc.'s holdings in Lululemon Athletica were worth $4,206,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Integrated Advisors Network LLC grew its position in Lululemon Athletica by 12.6% in the fourth quarter. Integrated Advisors Network LLC now owns 679 shares of the apparel retailer's stock valued at $347,000 after acquiring an additional 76 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in Lululemon Athletica in the fourth quarter valued at approximately $26,000. Fisher Asset Management LLC grew its position in Lululemon Athletica by 6.1% in the fourth quarter. Fisher Asset Management LLC now owns 6,296 shares of the apparel retailer's stock valued at $3,220,000 after acquiring an additional 361 shares in the last quarter. Mather Group LLC. acquired a new stake in Lululemon Athletica in the first quarter valued at approximately $48,000. Finally, Montecito Bank & Trust grew its position in Lululemon Athletica by 145.2% in the first quarter. Montecito Bank & Trust now owns 1,189 shares of the apparel retailer's stock valued at $464,000 after acquiring an additional 704 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

Lululemon Athletica Price Performance

Shares of LULU traded down $10.50 during trading hours on Thursday, reaching $283.71. 2,669,977 shares of the company's stock traded hands, compared to its average volume of 2,121,028. The firm has a market capitalization of $35.46 billion, a price-to-earnings ratio of 22.75, a P/E/G ratio of 1.99 and a beta of 1.25. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $516.39. The business's fifty day simple moving average is $263.98 and its two-hundred day simple moving average is $297.29.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its 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. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.41 billion. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. Lululemon Athletica's revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.68 earnings per share. On average, equities research analysts expect that Lululemon Athletica Inc. will post 14.02 EPS for the current year.

Insider Buying and Selling

In related 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 transaction of $131,020.74. Following 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Calvin Mcdonald purchased 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the transaction, the chief executive officer now directly owns 89,922 shares of the company's stock, valued at $23,379,720. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Nicole Neuburger sold 486 shares of the stock in a transaction 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 completion of the transaction, the insider now owns 6,198 shares of the company's stock, valued at $1,670,918.82. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on LULU. 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. Truist Financial reiterated a "buy" rating and set a $310.00 target price on shares of Lululemon Athletica in a research note on Wednesday, August 28th. Stifel Nicolaus reduced their target price on Lululemon Athletica from $416.00 to $370.00 and set a "buy" rating for the company in a research note on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft increased their target price on Lululemon Athletica from $291.00 to $292.00 and gave the company a "neutral" rating in a research note on Friday, August 30th. Finally, Wells Fargo & Company reduced their target price on Lululemon Athletica from $350.00 to $285.00 and set an "equal weight" rating for the company in a research note on Friday, August 23rd. 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 company's stock. Based on data from MarketBeat.com, Lululemon Athletica has a consensus rating of "Moderate Buy" and an average target price of $354.55.

About Lululemon Athletica

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.