WIM INVESTMENT MANAGEMENT Ltd Makes New $4.91 Million Investment in Lululemon Athletica Inc. (NASDAQ:LULU)

WIM INVESTMENT MANAGEMENT Ltd acquired a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 18,080 shares of the apparel retailer's stock, valued at approximately $4,906,000. Lululemon Athletica makes up about 2.1% of WIM INVESTMENT MANAGEMENT Ltd's investment portfolio, making the stock its 8th biggest holding.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Larson Financial Group LLC lifted its holdings in shares of Lululemon Athletica by 78.2% during the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer's stock valued at $29,000 after purchasing an additional 43 shares in the last quarter. Paladin Wealth LLC bought a new position in Lululemon Athletica during the third quarter worth about $29,000. Versant Capital Management Inc grew its holdings in shares of Lululemon Athletica by 61.5% during the 2nd quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer's stock worth $31,000 after purchasing an additional 40 shares in the last quarter. JFS Wealth Advisors LLC raised its position in Lululemon Athletica by 127.5% during the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer's stock valued at $31,000 after purchasing an additional 65 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new stake in shares of Lululemon Athletica in the 2nd quarter valued at approximately $33,000. Institutional investors own 85.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LULU. KeyCorp lowered their target price on Lululemon Athletica from $415.00 to $350.00 and set an "overweight" rating for the company in a research report on Friday, August 30th. Piper Sandler increased their price objective on Lululemon Athletica from $250.00 to $260.00 and gave the company a "neutral" rating in a report on Friday, August 30th. Citigroup lowered their price target on shares of Lululemon Athletica from $300.00 to $270.00 and set a "neutral" rating on the stock in a report on Thursday, August 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Lululemon Athletica from $457.00 to $338.00 and set an "overweight" rating for the company in a report on Thursday, July 25th. Finally, Wells Fargo & Company cut their price target on shares of Lululemon Athletica from $350.00 to $285.00 and set an "equal weight" rating for the company in a research report on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $357.13.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, CEO Calvin Mcdonald acquired 4,000 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were bought at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the transaction, 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 purchase was disclosed in a document filed with the SEC, which is available at this link. Also, insider Nicole Neuburger sold 486 shares of Lululemon Athletica 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 approximately $1,670,918.82. This trade represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.48% of the company's stock.

Lululemon Athletica Price Performance

Shares of Lululemon Athletica stock traded down $10.25 during trading hours on Friday, reaching $320.01. The company's stock had a trading volume of 1,264,651 shares, compared to its average volume of 1,886,131. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $516.39. The firm has a 50 day moving average price of $286.35 and a 200-day moving average price of $289.90. The stock has a market cap of $39.29 billion, a P/E ratio of 24.73, a P/E/G ratio of 2.33 and a beta of 1.24.

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