WIM INVESTMENT MANAGEMENT Ltd Purchases New Shares in Lululemon Athletica Inc. (NASDAQ:LULU)

WIM INVESTMENT MANAGEMENT Ltd purchased a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the third quarter, HoldingsChannel reports. The fund purchased 18,080 shares of the apparel retailer’s stock, valued at approximately $4,906,000. Lululemon Athletica accounts for approximately 2.1% of WIM INVESTMENT MANAGEMENT Ltd’s portfolio, making the stock its 8th largest holding.

A number of other hedge funds also recently bought and sold shares of the business. Orion Portfolio Solutions LLC raised its stake in shares of Lululemon Athletica by 41.7% in the first quarter. Orion Portfolio Solutions LLC now owns 6,465 shares of the apparel retailer’s stock valued at $2,526,000 after acquiring an additional 1,901 shares during the period. Vanguard Group Inc. raised its stake in shares of Lululemon Athletica by 1.6% in the first quarter. Vanguard Group Inc. now owns 9,847,954 shares of the apparel retailer’s stock valued at $3,847,103,000 after acquiring an additional 154,985 shares during the period. Hillsdale Investment Management Inc. purchased a new stake in shares of Lululemon Athletica in the first quarter valued at $461,000. Trustmark National Bank Trust Department purchased a new stake in shares of Lululemon Athletica in the first quarter valued at $638,000. Finally, Alerus Financial NA purchased a new stake in shares of Lululemon Athletica in the first quarter valued at $1,809,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insiders Place Their Bets

In other news, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total transaction of $131,020.74. Following the transaction, the insider now owns 6,198 shares in the company, valued at $1,670,918.82. The trade was a 7.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Calvin Mcdonald purchased 4,000 shares of Lululemon Athletica stock in a transaction dated Tuesday, September 3rd. The shares were bought at an average price of $260.00 per share, for a total transaction of $1,040,000.00. Following the acquisition, the chief executive officer now owns 89,922 shares in the company, valued at approximately $23,379,720. This trade represents a 4.66 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.48% of the stock is currently owned by corporate insiders.

Lululemon Athletica Stock Performance

Lululemon Athletica stock opened at $320.01 on Friday. The company’s fifty day moving average price is $286.35 and its 200 day moving average price is $289.90. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $516.39. The stock has a market capitalization of $39.29 billion, a P/E ratio of 24.73, a P/E/G ratio of 2.33 and a beta of 1.24.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter last year, the company earned $2.68 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. Sell-side analysts predict that Lululemon Athletica Inc. will post 14.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating on the stock in a research note on Friday, August 23rd. Stifel Nicolaus dropped their target price on shares of Lululemon Athletica from $416.00 to $370.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. JPMorgan Chase & Co. dropped their target price on shares of Lululemon Athletica from $457.00 to $338.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Telsey Advisory Group lowered their price target on shares of Lululemon Athletica from $470.00 to $360.00 and set an “outperform” rating on the stock in a report on Monday, August 26th. Finally, UBS Group decreased their price objective on shares of Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating for the company in a research report on Tuesday, August 20th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $357.13.

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.