lululemon athletica inc. (NASDAQ:LULU) Shares Acquired by Deutsche Bank AG

Key Points

• Deutsche Bank AG raised its ownership stake in lululemon athletica by 2.4%, now holding approximately 510,057 shares worth $144.37 million.
• Notable hedge funds such as Price T Rowe Associates and GAMMA Investing LLC have significantly increased their investments in lululemon, with Price T Rowe increasing its stake by 95.7% and GAMMA by an astonishing 37,062.1%.
• Analysts have set mixed price targets for lululemon, with some reducing their forecasts while others maintain a positive outlook, leading to a consensus rating of "Moderate Buy" with an average target price of $329.91.

Deutsche Bank AG grew its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 2.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 510,057 shares of the apparel retailer's stock after purchasing an additional 11,862 shares during the quarter. Deutsche Bank AG owned about 0.42% of lululemon athletica worth $144,377,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its stake in lululemon athletica by 95.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer's stock worth $1,854,160,000 after buying an additional 2,371,079 shares during the last quarter. GAMMA Investing LLC grew its stake in lululemon athletica by 37,062.1% during the 1st quarter. GAMMA Investing LLC now owns 563,006 shares of the apparel retailer's stock worth $159,364,000 after buying an additional 561,491 shares during the last quarter. Capital World Investors grew its stake in lululemon athletica by 34.6% during the 4th quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock worth $827,338,000 after buying an additional 556,406 shares during the last quarter. Ameriprise Financial Inc. grew its stake in lululemon athletica by 128.2% during the 4th quarter. Ameriprise Financial Inc. now owns 706,300 shares of the apparel retailer's stock worth $270,223,000 after buying an additional 396,732 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC grew its stake in lululemon athletica by 9,067.0% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 298,752 shares of the apparel retailer's stock worth $114,246,000 after buying an additional 295,493 shares during the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Calvin Mcdonald sold 27,049 shares of the company's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the completion of the transaction, the chief executive officer owned 110,564 shares in the company, valued at $26,058,829.16. This represents a 19.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LULU. Robert W. Baird dropped their target price on lululemon athletica from $340.00 to $260.00 and set an "outperform" rating on the stock in a research note on Monday. The Goldman Sachs Group dropped their price objective on shares of lululemon athletica from $363.00 to $302.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company dropped their price objective on shares of lululemon athletica from $270.00 to $225.00 and set an "equal weight" rating on the stock in a report on Monday, August 4th. CICC Research reissued a "market perform" rating and set a $280.49 price objective on shares of lululemon athletica in a report on Monday, June 9th. Finally, Morgan Stanley reissued an "equal weight" rating and set a $280.00 price objective (down from $346.00) on shares of lululemon athletica in a report on Monday, June 9th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $327.15.

lululemon athletica Stock Up 3.5%

Shares of LULU stock traded up $6.49 during mid-day trading on Tuesday, hitting $192.93. 3,335,157 shares of the stock were exchanged, compared to its average volume of 2,614,271. The firm has a fifty day moving average of $233.74 and a 200 day moving average of $290.87. lululemon athletica inc. has a 52-week low of $185.95 and a 52-week high of $423.32. The company has a market cap of $23.12 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 1.61 and a beta of 1.16.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.60. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the company posted $2.54 EPS. The company's revenue for the quarter was up 7.3% on a year-over-year basis. Equities analysts predict that lululemon athletica inc. will post 14.36 EPS for the current year.

About lululemon athletica

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.