Swedbank AB Sells 156,044 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Swedbank AB decreased its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 42.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 211,540 shares of the apparel retailer's stock after selling 156,044 shares during the period. Swedbank AB owned approximately 0.17% of Lululemon Athletica worth $80,895,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC raised its holdings in Lululemon Athletica by 74,856.2% during the third quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer's stock worth $243,055,000 after purchasing an additional 894,531 shares in the last quarter. Maverick Capital Ltd. bought a new stake in shares of Lululemon Athletica in the 3rd quarter worth $93,476,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Lululemon Athletica by 136.3% in the third quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer's stock valued at $143,624,000 after buying an additional 305,302 shares during the period. Southpoint Capital Advisors LP bought a new position in Lululemon Athletica during the third quarter valued at about $81,405,000. Finally, River Road Asset Management LLC acquired a new position in Lululemon Athletica during the third quarter worth about $79,503,000. Institutional investors own 85.20% of the company's stock.

Insider Transactions at Lululemon Athletica

In related news, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $405.54, for a total value of $10,085,779.80. Following the transaction, the insider now directly owns 12,429 shares of the company's stock, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Nicole Neuburger sold 2,022 shares of the firm's stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the sale, the insider now directly owns 6,198 shares in the company, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

LULU has been the topic of several research reports. Piper Sandler upped their price target on Lululemon Athletica from $260.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, December 6th. Morgan Stanley upped their target price on Lululemon Athletica from $414.00 to $420.00 and gave the company an "overweight" rating in a report on Wednesday, January 15th. Wells Fargo & Company upped their price objective on shares of Lululemon Athletica from $350.00 to $375.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 15th. Robert W. Baird raised their price objective on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Finally, Needham & Company LLC raised Lululemon Athletica from a "hold" rating to a "buy" rating and set a $475.00 target price for the company in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $395.67.

Lululemon Athletica Trading Up 2.7 %

Shares of Lululemon Athletica stock traded up $11.03 on Thursday, reaching $422.19. 571,300 shares of the company were exchanged, compared to its average volume of 1,636,892. The company has a market capitalization of $51.41 billion, a price-to-earnings ratio of 30.46, a PEG ratio of 2.50 and a beta of 1.18. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $480.94. The company has a 50-day moving average of $374.67 and a 200 day moving average of $310.08.

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 for the quarter, topping the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the previous year, the business earned $2.53 EPS. Lululemon Athletica's revenue for the quarter was up 9.1% compared to the same quarter last year. Analysts predict that Lululemon Athletica Inc. will post 14.34 earnings per share for the current year.

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.