10,679 Shares in lululemon athletica inc. (NASDAQ:LULU) Acquired by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC acquired 10,679 shares of lululemon athletica, valued at approximately $3,023,000, during the first quarter, indicating growing institutional interest in the stock.
• Despite a mix of ratings from analysts, lululemon athletica has an average rating of "Moderate Buy" with a consensus target price of $329.91.
• CEO Calvin McDonald sold 27,049 shares of the company on June 27th, representing a 19.66% decrease in his ownership stake.

Natixis Advisors LLC purchased a new stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,679 shares of the apparel retailer's stock, valued at approximately $3,023,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in LULU. Price T Rowe Associates Inc. MD increased its position 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 worth $1,854,160,000 after buying an additional 2,371,079 shares during the period. GAMMA Investing LLC lifted its stake 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 buying an additional 561,491 shares during the period. Capital World Investors grew its position in lululemon athletica by 34.6% during the fourth 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 in the last quarter. Ameriprise Financial Inc. increased its stake in lululemon athletica by 128.2% during the fourth quarter. Ameriprise Financial Inc. now owns 706,300 shares of the apparel retailer's stock valued at $270,223,000 after acquiring an additional 396,732 shares during the period. Finally, Kovitz Investment Group Partners LLC raised its holdings in lululemon athletica by 9,067.0% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 298,752 shares of the apparel retailer's stock valued at $114,246,000 after acquiring an additional 295,493 shares in the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Morgan Stanley reissued an "equal weight" rating and set a $280.00 price objective (down previously from $346.00) on shares of lululemon athletica in a report on Monday, June 9th. BTIG Research decreased their price target on shares of lululemon athletica from $420.00 to $405.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. UBS Group dropped their price objective on shares of lululemon athletica from $330.00 to $290.00 and set a "neutral" rating for the company in a research note on Friday, June 6th. JPMorgan Chase & Co. lowered shares of lululemon athletica from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $303.00 to $224.00 in a research report on Tuesday, July 22nd. Finally, Bank of America dropped their price target on shares of lululemon athletica from $400.00 to $370.00 and set a "buy" rating for the company in a research report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $329.91.

lululemon athletica Stock Down 0.9%

LULU stock traded down $1.71 during trading on Friday, hitting $189.43. The company had a trading volume of 3,184,383 shares, compared to its average volume of 2,609,750. The firm has a 50-day moving average price of $238.95 and a 200-day moving average price of $294.91. lululemon athletica inc. has a 12 month low of $186.52 and a 12 month high of $423.32. The stock has a market cap of $22.70 billion, a price-to-earnings ratio of 12.83, a PEG ratio of 1.67 and a beta of 1.16.

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

Insiders Place Their Bets

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the company's stock in a transaction on 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 sale, the chief executive officer owned 110,564 shares in the company, valued at approximately $26,058,829.16. The trade was a 19.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.54% of the stock is owned by corporate insiders.

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.