Ontario Teachers Pension Plan Board Has $1.31 Million Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Ontario Teachers Pension Plan Board trimmed its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 41.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,822 shares of the apparel retailer's stock after selling 3,355 shares during the period. Ontario Teachers Pension Plan Board's holdings in Lululemon Athletica were worth $1,308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LULU. Shepherd Financial Partners LLC purchased a new stake in shares of Lululemon Athletica during the third quarter worth $953,000. XTX Topco Ltd grew its stake in shares of Lululemon Athletica by 281.4% in the second quarter. XTX Topco Ltd now owns 8,894 shares of the apparel retailer's stock worth $2,657,000 after acquiring an additional 6,562 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of Lululemon Athletica by 31.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 15,425 shares of the apparel retailer's stock worth $4,607,000 after buying an additional 3,721 shares during the period. Gateway Investment Advisers LLC lifted its position in shares of Lululemon Athletica by 9.7% during the 2nd quarter. Gateway Investment Advisers LLC now owns 34,709 shares of the apparel retailer's stock worth $10,368,000 after purchasing an additional 3,077 shares during the last quarter. Finally, Rheos Capital Works Inc. raised its position in shares of Lululemon Athletica by 19.2% during the 3rd quarter. Rheos Capital Works Inc. now owns 15,500 shares of the apparel retailer's stock worth $4,206,000 after acquiring an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

Insiders Place Their Bets

In other news, insider Nicole Neuburger sold 486 shares of the company's stock in a transaction dated 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 owns 6,198 shares of the company's stock, valued at approximately $1,670,918.82. This represents a 7.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Calvin Mcdonald purchased 4,000 shares of the business's stock in a transaction that occurred on 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 directly owns 89,922 shares in the company, valued at $23,379,720. The trade was a 4.66 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.48% of the company's stock.

Lululemon Athletica Price Performance

Shares of LULU traded up $2.68 during mid-day trading on Thursday, hitting $310.99. The company's stock had a trading volume of 350,900 shares, compared to its average volume of 2,084,314. The stock has a market capitalization of $38.18 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 2.20 and a beta of 1.24. The firm has a 50-day moving average price of $289.73 and a 200 day moving average price of $288.92. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $516.39.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, beating analysts' consensus estimates of $2.93 by $0.22. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter last year, the firm posted $2.68 earnings per share. The company's quarterly revenue was up 9.1% compared to the same quarter last year. As a group, equities analysts anticipate that Lululemon Athletica Inc. will post 14.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LULU has been the subject of several recent analyst reports. Telsey Advisory Group reduced their price objective on shares of Lululemon Athletica from $470.00 to $360.00 and set an "outperform" rating for the company in a research report on Monday, August 26th. 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 report on Friday, August 23rd. Robert W. Baird raised their price target on Lululemon Athletica from $350.00 to $380.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. Stifel Nicolaus reduced their price objective 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. Finally, The Goldman Sachs Group lowered shares of Lululemon Athletica from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $463.00 to $286.00 in a research report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $357.13.

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.