Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by KG&L Capital Management LLC

KG&L Capital Management LLC lifted its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 13.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,213 shares of the apparel retailer’s stock after purchasing an additional 255 shares during the period. KG&L Capital Management LLC’s holdings in Lululemon Athletica were worth $600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in LULU. Nvwm LLC raised its position in shares of Lululemon Athletica by 11.3% in the third quarter. Nvwm LLC now owns 3,333 shares of the apparel retailer’s stock worth $904,000 after acquiring an additional 339 shares during the period. Coronation Fund Managers Ltd. acquired a new position in Lululemon Athletica in the 3rd quarter worth about $1,251,000. Fort Pitt Capital Group LLC raised its holdings in Lululemon Athletica by 22.1% in the 3rd quarter. Fort Pitt Capital Group LLC now owns 291,403 shares of the apparel retailer’s stock worth $79,072,000 after purchasing an additional 52,673 shares during the period. Confluence Wealth Services Inc. acquired a new stake in Lululemon Athletica in the third quarter valued at approximately $211,000. Finally, Harbor Capital Advisors Inc. increased its position in shares of Lululemon Athletica by 6.0% in the third quarter. Harbor Capital Advisors Inc. now owns 4,284 shares of the apparel retailer’s stock valued at $1,162,000 after buying an additional 242 shares in the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Stock Performance

Lululemon Athletica stock opened at $321.17 on Monday. The company’s 50 day simple moving average is $274.52 and its 200-day simple moving average is $292.28. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $516.39. The company has a market capitalization of $39.43 billion, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 2.17 and a beta of 1.24.

Lululemon Athletica (NASDAQ:LULU) last announced its 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 return on equity of 42.59% and a net margin of 16.34%. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the previous year, the company earned $2.68 earnings per share. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities analysts expect that Lululemon Athletica Inc. will post 14.02 earnings per share for the current year.

Wall Street Analyst Weigh In

LULU has been the topic of a number of recent analyst reports. Robert W. Baird decreased their target price on Lululemon Athletica from $470.00 to $350.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. 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 research report on Thursday, August 22nd. The Goldman Sachs Group downgraded shares of Lululemon Athletica from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $463.00 to $286.00 in a research report on Friday, August 2nd. Evercore ISI reaffirmed an “outperform” rating and issued a $300.00 price target on shares of Lululemon Athletica in a research note on Monday, August 26th. Finally, Barclays cut their price objective on Lululemon Athletica from $263.00 to $261.00 and set an “equal weight” rating for the company in a research note on Friday, August 30th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $354.55.

Insider Buying and Selling at Lululemon Athletica

In other news, insider Nicole Neuburger sold 486 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction of $131,020.74. Following the sale, the insider now owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Calvin Mcdonald bought 4,000 shares of Lululemon Athletica stock in a transaction that occurred on Tuesday, September 3rd. The shares were purchased at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 89,922 shares in the company, valued at $23,379,720. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nicole Neuburger sold 486 shares of the business’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 transaction of $131,020.74. Following the transaction, the insider now owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate insiders.

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.