Lululemon Athletica Inc. (NASDAQ:LULU) Position Increased by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 11.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,577 shares of the apparel retailer's stock after buying an additional 10,499 shares during the period. Victory Capital Management Inc. owned approximately 0.08% of Lululemon Athletica worth $28,106,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LULU. Value Star Asset Management Hong Kong Ltd grew its holdings in Lululemon Athletica by 19,890.3% in the 2nd 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 acquiring an additional 4,630,466 shares during the last quarter. International Assets Investment Management LLC raised 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 valued at $243,055,000 after purchasing an additional 894,531 shares during the last quarter. River Road Asset Management LLC purchased a new stake in Lululemon Athletica in the 3rd quarter worth approximately $79,503,000. Marshall Wace LLP increased its stake in shares of Lululemon Athletica by 359.4% during the second quarter. Marshall Wace LLP now owns 204,500 shares of the apparel retailer's stock valued at $61,084,000 after buying an additional 283,344 shares during the period. Finally, Swedbank AB raised its holdings in shares of Lululemon Athletica by 151.0% during the third quarter. Swedbank AB now owns 367,584 shares of the apparel retailer's stock valued at $99,744,000 after acquiring an additional 221,112 shares in the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Calvin Mcdonald purchased 4,000 shares of Lululemon Athletica stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average cost of $260.00 per share, with a total value of $1,040,000.00. Following the acquisition, the chief executive officer now directly owns 89,922 shares of the company's stock, valued at $23,379,720. The trade was a 4.66 % increase in their position. The disclosure for this purchase can be found here. 0.48% of the stock is currently owned by company insiders.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU traded down $10.48 on Monday, hitting $309.53. 1,869,476 shares of the company's stock were exchanged, compared to its average volume of 2,095,089. The company has a market capitalization of $38.00 billion, a PE ratio of 23.92, a P/E/G ratio of 2.33 and a beta of 1.24. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $516.39. The firm's 50-day moving average is $287.57 and its 200 day moving average is $289.16.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share 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 firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period last year, the firm posted $2.68 EPS. Lululemon Athletica's quarterly revenue was up 9.1% on a year-over-year basis. On average, analysts anticipate that Lululemon Athletica Inc. will post 14.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LULU has been the topic of a number of research analyst reports. Wedbush reduced their price objective on shares of Lululemon Athletica from $400.00 to $324.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 28th. Stifel Nicolaus dropped their price target on Lululemon Athletica from $416.00 to $370.00 and set a "buy" rating on the stock in a research report on Thursday, August 22nd. Truist Financial raised their price objective on Lululemon Athletica from $310.00 to $360.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Wells Fargo & Company dropped their price target on Lululemon Athletica from $350.00 to $285.00 and set an "equal weight" rating on the stock in a research report on Friday, August 23rd. Finally, Sanford C. Bernstein cut their target price on Lululemon Athletica from $345.00 to $325.00 and set a "market perform" rating on the stock in a research note on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, Lululemon Athletica presently has a consensus rating of "Moderate Buy" and a consensus target price of $357.13.

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.