Impax Asset Management Group plc Has $5.70 Million Position in lululemon athletica inc. (NASDAQ:LULU)

Impax Asset Management Group plc boosted its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 5.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,126 shares of the apparel retailer's stock after purchasing an additional 1,034 shares during the quarter. Impax Asset Management Group plc's holdings in lululemon athletica were worth $5,697,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of LULU. Price T Rowe Associates Inc. MD grew its stake in lululemon athletica by 95.7% during the fourth 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 period. Mawer Investment Management Ltd. acquired a new position in shares of lululemon athletica during the 4th quarter valued at $523,520,000. Diamond Hill Capital Management Inc. purchased a new stake in lululemon athletica during the 4th quarter worth $370,062,000. Alliancebernstein L.P. raised its position in 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 period. Finally, GAMMA Investing LLC lifted its stake in shares of lululemon athletica by 37,062.1% during the first quarter. GAMMA Investing LLC now owns 563,006 shares of the apparel retailer's stock worth $159,364,000 after purchasing an additional 561,491 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company's stock.

Insiders Place Their Bets

In other news, CEO Calvin Mcdonald sold 27,049 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the sale, the chief executive officer owned 110,564 shares of the company's stock, valued at $26,058,829.16. This trade represents a 19.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.54% of the company's stock.

lululemon athletica Price Performance

Shares of lululemon athletica stock traded down $10.11 during trading on Monday, hitting $237.57. 3,307,828 shares of the company were exchanged, compared to its average volume of 2,331,625. The firm has a market capitalization of $28.47 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 2.10 and a beta of 1.17. The firm's fifty day moving average price is $277.60 and its 200 day moving average price is $321.50. lululemon athletica inc. has a 1-year low of $219.97 and a 1-year high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.60. The firm had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.36 billion. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The business's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.54 earnings per share. As a group, equities research analysts anticipate that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on LULU shares. BMO Capital Markets cut 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 report on Friday, June 6th. Stifel Nicolaus lowered their target price on shares of lululemon athletica from $353.00 to $324.00 and set a "buy" rating for the company in a research note on Friday, June 6th. UBS Group dropped their price target on lululemon athletica from $330.00 to $290.00 and set a "neutral" rating on the stock in a research report on Friday, June 6th. Robert W. Baird cut their price objective on shares of lululemon athletica from $350.00 to $340.00 and set an "outperform" rating on the stock in a research report on Friday, June 6th. Finally, Morgan Stanley reissued an "equal weight" rating and issued a $280.00 price target (down previously from $346.00) on shares of lululemon athletica in a research note on Monday, June 9th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $340.26.

lululemon athletica 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.