Lululemon Athletica Inc. (NASDAQ:LULU) Stock Holdings Increased by Principal Financial Group Inc.

Principal Financial Group Inc. grew its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 61.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 250,175 shares of the apparel retailer’s stock after acquiring an additional 94,997 shares during the quarter. Principal Financial Group Inc. owned about 0.21% of Lululemon Athletica worth $67,885,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Shepherd Financial Partners LLC acquired a new stake in Lululemon Athletica in the third quarter worth about $953,000. XTX Topco Ltd lifted its stake in shares of Lululemon Athletica by 281.4% in the 2nd quarter. XTX Topco Ltd now owns 8,894 shares of the apparel retailer’s stock worth $2,657,000 after acquiring an additional 6,562 shares during the period. Rheos Capital Works Inc. lifted its stake in shares of Lululemon Athletica by 19.2% in the 3rd quarter. Rheos Capital Works Inc. now owns 15,500 shares of the apparel retailer’s stock worth $4,206,000 after acquiring an additional 2,500 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of Lululemon Athletica by 198.8% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer’s stock valued at $1,844,000 after acquiring an additional 4,564 shares in the last quarter. Finally, Caxton Associates LP increased its stake in shares of Lululemon Athletica by 6,702.7% during the second quarter. Caxton Associates LP now owns 60,000 shares of the apparel retailer’s stock valued at $17,922,000 after acquiring an additional 59,118 shares during the period. Institutional investors own 85.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on LULU. Guggenheim increased their price target on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Robert W. Baird raised their target price on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. boosted their price target on shares of Lululemon Athletica from $338.00 to $425.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Needham & Company LLC restated a “hold” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Finally, BMO Capital Markets lifted their price objective on shares of Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $377.63.

Lululemon Athletica Trading Up 1.6 %

NASDAQ:LULU opened at $379.42 on Friday. The firm has a market capitalization of $46.21 billion, a PE ratio of 27.39, a PEG ratio of 2.84 and a beta of 1.23. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $516.39. The firm’s fifty day simple moving average is $329.42 and its 200 day simple moving average is $294.08.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the business posted $2.53 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. As a group, analysts anticipate that Lululemon Athletica Inc. will post 14.17 EPS for the current fiscal year.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This represents a 7.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $405.54, for a total value of $10,085,779.80. Following the completion of the sale, the insider now owns 12,429 shares of the company’s stock, valued at $5,040,456.66. This represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

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.