Canada Pension Plan Investment Board Has $21.98 Million Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Canada Pension Plan Investment Board decreased its position in shares of Lululemon Athletica Inc. (NASDAQ:LULUFree Report) by 44.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,000 shares of the apparel retailer’s stock after selling 45,400 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Lululemon Athletica were worth $21,980,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of LULU. Aptus Capital Advisors LLC boosted its holdings in Lululemon Athletica by 50.9% in the third quarter. Aptus Capital Advisors LLC now owns 833 shares of the apparel retailer’s stock worth $321,000 after acquiring an additional 281 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of Lululemon Athletica by 1.7% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 125,133 shares of the apparel retailer’s stock worth $48,253,000 after purchasing an additional 2,084 shares in the last quarter. HighTower Advisors LLC grew its position in Lululemon Athletica by 2.5% in the 3rd quarter. HighTower Advisors LLC now owns 66,458 shares of the apparel retailer’s stock valued at $25,722,000 after purchasing an additional 1,630 shares during the period. Pathstone Family Office LLC raised its holdings in Lululemon Athletica by 14.6% during the third quarter. Pathstone Family Office LLC now owns 9,907 shares of the apparel retailer’s stock worth $3,820,000 after buying an additional 1,265 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in shares of Lululemon Athletica by 7.7% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 6,399 shares of the apparel retailer’s stock valued at $2,467,000 after buying an additional 458 shares in the last quarter. 91.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on LULU shares. BNP Paribas lowered Lululemon Athletica from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $430.00 to $415.00 in a report on Friday. Telsey Advisory Group increased their price target on Lululemon Athletica from $450.00 to $520.00 and gave the company an “outperform” rating in a research report on Friday, December 8th. HSBC downgraded shares of Lululemon Athletica from a “buy” rating to a “hold” rating and set a $500.00 price objective on the stock. in a report on Monday, January 22nd. Stifel Nicolaus increased their target price on shares of Lululemon Athletica from $529.00 to $596.00 and gave the company a “buy” rating in a report on Thursday, December 14th. Finally, Truist Financial boosted their price target on shares of Lululemon Athletica from $555.00 to $561.00 and gave the stock a “buy” rating in a report on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $500.55.

Read Our Latest Stock Report on Lululemon Athletica

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 705 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $500.00, for a total value of $352,500.00. Following the completion of the transaction, the insider now owns 3,996 shares of the company’s stock, valued at approximately $1,998,000. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Lululemon Athletica news, insider Nicole Neuburger sold 705 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $500.00, for a total value of $352,500.00. Following the completion of the sale, the insider now owns 3,996 shares of the company’s stock, valued at $1,998,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Meghan Frank sold 1,553 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $500.00, for a total transaction of $776,500.00. Following the completion of the sale, the chief financial officer now owns 8,381 shares of the company’s stock, valued at $4,190,500. The disclosure for this sale can be found here. Insiders have sold a total of 42,658 shares of company stock valued at $21,183,956 in the last 90 days. Corporate insiders own 0.54% of the company’s stock.

Lululemon Athletica Stock Performance

Shares of LULU opened at $470.24 on Monday. The stock has a market capitalization of $59.34 billion, a price-to-earnings ratio of 59.83, a price-to-earnings-growth ratio of 1.64 and a beta of 1.33. Lululemon Athletica Inc. has a 52-week low of $286.58 and a 52-week high of $516.39. The stock’s 50-day simple moving average is $485.11 and its 200 day simple moving average is $426.33.

Lululemon Athletica (NASDAQ:LULUGet Free Report) last posted its earnings results on Thursday, December 7th. The apparel retailer reported $2.53 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.25. Lululemon Athletica had a net margin of 10.89% and a return on equity of 44.81%. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the prior year, the firm posted $2.00 EPS. Lululemon Athletica’s revenue was up 18.5% on a year-over-year basis. On average, research analysts forecast that Lululemon Athletica Inc. will post 12.47 earnings per share for the current fiscal year.

Lululemon Athletica announced that its Board of Directors has authorized a stock buyback plan on Thursday, December 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the apparel retailer to reacquire up to 1.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Lululemon Athletica Profile

(Free Report)

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 operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities.

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Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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