IFM Investors Pty Ltd Has $6.53 Million Stake in lululemon athletica inc. (NASDAQ:LULU)

IFM Investors Pty Ltd raised its stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 10.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,059 shares of the apparel retailer's stock after purchasing an additional 2,299 shares during the period. IFM Investors Pty Ltd's holdings in lululemon athletica were worth $6,528,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its stake in lululemon athletica by 95.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer's stock valued at $1,854,160,000 after buying an additional 2,371,079 shares during the last quarter. Mawer Investment Management Ltd. acquired a new position in lululemon athletica in the 4th quarter valued at $523,520,000. Diamond Hill Capital Management Inc. acquired a new stake in shares of lululemon athletica in the fourth quarter valued at about $370,062,000. Alliancebernstein L.P. grew its position in shares of lululemon athletica by 14.9% in the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock valued at $1,681,682,000 after purchasing an additional 571,657 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of lululemon athletica by 37,062.1% in the first quarter. GAMMA Investing LLC now owns 563,006 shares of the apparel retailer's stock valued at $159,364,000 after purchasing an additional 561,491 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

Insider Buying and Selling

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the business's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $235.69, for a total value of $6,375,178.81. Following the transaction, the chief executive officer owned 110,564 shares of the company's stock, valued at approximately $26,058,829.16. The trade was a 19.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.54% of the company's stock.

lululemon athletica Stock Up 0.6%

NASDAQ:LULU traded up $1.41 on Friday, reaching $247.71. The stock had a trading volume of 1,646,311 shares, compared to its average volume of 2,327,668. The company has a market capitalization of $29.69 billion, a P/E ratio of 16.78, a price-to-earnings-growth ratio of 2.10 and a beta of 1.17. lululemon athletica inc. has a 1-year low of $219.97 and a 1-year high of $423.32. The stock has a fifty day moving average price of $277.60 and a 200-day moving average price of $321.86.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. TD Securities raised their price target on lululemon athletica from $370.00 to $373.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Argus lowered lululemon athletica from a "buy" rating to a "hold" rating in a report on Tuesday, April 1st. BMO Capital Markets lowered their price objective on shares of lululemon athletica from $302.00 to $250.00 and set a "market perform" rating on the stock in a research note on Friday, June 6th. Piper Sandler raised their price objective on shares of lululemon athletica from $280.00 to $315.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 3rd. Finally, Barclays decreased their price target on shares of lululemon athletica from $276.00 to $270.00 and set an "equal weight" rating on the stock in a research report on Monday, June 9th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $340.26.

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.