Van ECK Associates Corp Has $16.66 Million Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Van ECK Associates Corp boosted its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 5.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 43,569 shares of the apparel retailer's stock after acquiring an additional 2,073 shares during the period. Van ECK Associates Corp's holdings in Lululemon Athletica were worth $16,661,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Shepherd Financial Partners LLC acquired a new position in shares of Lululemon Athletica in the 3rd quarter valued at $953,000. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of Lululemon Athletica by 198.8% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer's stock valued at $1,844,000 after buying an additional 4,564 shares during the period. Rockefeller Capital Management L.P. grew its holdings in shares of Lululemon Athletica by 50.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer's stock valued at $28,070,000 after buying an additional 34,704 shares during the period. Rakuten Securities Inc. grew its holdings in shares of Lululemon Athletica by 876.8% in the 3rd quarter. Rakuten Securities Inc. now owns 2,022 shares of the apparel retailer's stock valued at $549,000 after buying an additional 1,815 shares during the period. Finally, Coronation Fund Managers Ltd. acquired a new position in shares of Lululemon Athletica in the 3rd quarter valued at $1,251,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on LULU shares. TD Securities boosted their price objective on shares of Lululemon Athletica from $382.00 to $383.00 and gave the company a "buy" rating in a research report on Tuesday, December 3rd. Raymond James reaffirmed an "outperform" rating and issued a $430.00 price objective (up from $400.00) on shares of Lululemon Athletica in a research report on Wednesday, January 15th. Piper Sandler boosted their price objective on shares of Lululemon Athletica from $260.00 to $340.00 and gave the company a "neutral" rating in a research report on Friday, December 6th. BMO Capital Markets boosted their price objective on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a "market perform" rating in a research report on Friday, December 6th. Finally, Robert W. Baird boosted their price objective on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $399.14.

Insider Transactions at Lululemon Athletica

In other news, insider Nicole Neuburger sold 2,022 shares of the firm's stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the transaction, the insider now owns 6,198 shares of the company's stock, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the firm's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction 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. The trade was a 66.68 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

Lululemon Athletica Stock Performance

LULU traded down $4.92 on Wednesday, reaching $367.52. The company had a trading volume of 1,421,889 shares, compared to its average volume of 1,625,595. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $480.94. The stock has a market cap of $44.76 billion, a P/E ratio of 26.54, a P/E/G ratio of 2.23 and a beta of 1.19. The company's fifty day moving average is $390.12 and its 200 day moving average is $323.12.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the prior year, the business posted $2.53 EPS. The business's revenue was up 9.1% compared to the same quarter last year. On average, sell-side analysts expect that Lululemon Athletica Inc. will post 14.36 EPS 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.