Swedbank AB Has $80.90 Million Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Swedbank AB lowered its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 42.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 211,540 shares of the apparel retailer’s stock after selling 156,044 shares during the period. Swedbank AB’s holdings in Lululemon Athletica were worth $80,895,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in Lululemon Athletica by 74,856.2% in the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock valued at $243,055,000 after purchasing an additional 894,531 shares during the period. Maverick Capital Ltd. bought a new stake in shares of Lululemon Athletica in the third quarter valued at approximately $93,476,000. The Manufacturers Life Insurance Company grew its position in Lululemon Athletica by 136.3% during the third quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock worth $143,624,000 after buying an additional 305,302 shares in the last quarter. Southpoint Capital Advisors LP bought a new position in Lululemon Athletica during the 3rd quarter worth $81,405,000. Finally, River Road Asset Management LLC acquired a new position in Lululemon Athletica in the 3rd quarter valued at $79,503,000. Institutional investors own 85.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Raymond James restated an “outperform” rating and issued a $430.00 price target (up previously from $400.00) on shares of Lululemon Athletica in a research report on Wednesday, January 15th. Truist Financial boosted their target price on shares of Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Citigroup increased their price target on shares of Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Jefferies Financial Group restated an “underperform” rating and set a $220.00 price objective on shares of Lululemon Athletica in a research report on Monday, December 2nd. Finally, Telsey Advisory Group raised their target price on Lululemon Athletica from $430.00 to $445.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and an average target price of $395.67.

Lululemon Athletica Stock Up 0.4 %

NASDAQ LULU opened at $411.16 on Thursday. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $491.30. The business has a 50 day moving average price of $372.62 and a 200-day moving average price of $309.37. The company has a market cap of $50.07 billion, a price-to-earnings ratio of 29.69, a P/E/G ratio of 2.50 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.18. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.53 earnings per share. On average, equities research analysts anticipate that Lululemon Athletica Inc. will post 14.34 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the sale, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. This represents a 24.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the transaction, the insider now directly owns 12,429 shares in the company, valued at $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

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.