Tidal Investments LLC Has $3.10 Million Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Tidal Investments LLC grew its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 19.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,406 shares of the apparel retailer's stock after purchasing an additional 1,822 shares during the quarter. Tidal Investments LLC's holdings in Lululemon Athletica were worth $3,095,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Value Star Asset Management Hong Kong Ltd boosted its position in shares of Lululemon Athletica by 19,890.3% during the second quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer's stock worth $1,390,074,000 after buying an additional 4,630,466 shares during the period. International Assets Investment Management LLC boosted its position in Lululemon Athletica by 74,856.2% during the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer's stock worth $243,055,000 after acquiring an additional 894,531 shares during the period. Maverick Capital Ltd. bought a new position in shares of Lululemon Athletica in the third quarter worth $93,476,000. The Manufacturers Life Insurance Company increased its holdings in shares of Lululemon Athletica by 136.3% during 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 purchasing an additional 305,302 shares during the period. Finally, Southpoint Capital Advisors LP bought a new stake in shares of Lululemon Athletica during the third quarter valued at about $81,405,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lululemon Athletica

In related news, insider Nicole Neuburger sold 486 shares of the business's 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 sale, the insider now owns 6,198 shares of the company's stock, valued at $1,670,918.82. The trade was a 7.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the company's stock in a transaction 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 completion of the sale, the insider now owns 12,429 shares in the company, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.48% of the company's stock.

Lululemon Athletica Stock Performance

Shares of LULU traded up $2.30 during mid-day trading on Friday, hitting $391.63. The company's stock had a trading volume of 1,442,506 shares, compared to its average volume of 2,122,186. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $516.39. The stock's 50-day moving average is $318.81 and its two-hundred day moving average is $291.44. The firm has a market capitalization of $48.08 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 2.84 and a beta of 1.23.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.18. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business's quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the business posted $2.53 EPS. Analysts expect that Lululemon Athletica Inc. will post 14.17 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Needham & Company LLC restated a "hold" rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Citigroup boosted their target price on Lululemon Athletica from $270.00 to $380.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. Oppenheimer decreased their price target on Lululemon Athletica from $445.00 to $380.00 and set an "outperform" rating for the company in a research note on Wednesday, November 27th. BMO Capital Markets boosted their price objective on Lululemon Athletica from $265.00 to $302.00 and gave the stock a "market perform" rating in a research note on Friday, December 6th. Finally, Telsey Advisory Group raised their target price on Lululemon Athletica from $360.00 to $430.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $377.63.

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.