Erste Asset Management GmbH Purchases New Shares in Lululemon Athletica Inc. (NASDAQ:LULU)

Erste Asset Management GmbH acquired a new position in Lululemon Athletica Inc. (NASDAQ:LULU) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,523 shares of the apparel retailer’s stock, valued at approximately $5,745,000.

Several other large investors also recently made changes to their positions in LULU. Value Star Asset Management Hong Kong Ltd lifted its position in Lululemon Athletica by 19,890.3% during the 2nd quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer’s stock worth $1,390,074,000 after buying an additional 4,630,466 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Lululemon Athletica by 4.9% in the second quarter. American Century Companies Inc. now owns 1,769,096 shares of the apparel retailer’s stock worth $528,429,000 after acquiring an additional 82,731 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Lululemon Athletica by 3.7% during the second quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer’s stock worth $310,763,000 after purchasing an additional 37,239 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Lululemon Athletica by 74,856.2% during the third 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 last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Lululemon Athletica by 38.2% in the second quarter. Dimensional Fund Advisors LP now owns 737,872 shares of the apparel retailer’s stock valued at $220,423,000 after purchasing an additional 203,882 shares in the last quarter. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Trading Up 4.3 %

LULU stock opened at $334.40 on Tuesday. The stock has a 50-day moving average price of $297.19 and a two-hundred day moving average price of $287.01. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $516.39. The stock has a market cap of $41.06 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 2.33 and a beta of 1.24.

Insider Transactions at Lululemon Athletica

In other news, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the sale, the insider now directly owns 6,198 shares in the company, valued at $1,670,918.82. This trade represents a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.48% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on LULU shares. TD Securities upped their price objective on Lululemon Athletica from $375.00 to $382.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Wedbush cut their price target on Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 28th. Oppenheimer lowered their price objective on Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. Robert W. Baird upped their target price on shares of Lululemon Athletica from $350.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, Barclays reduced their target price on shares of Lululemon Athletica from $263.00 to $261.00 and set an “equal weight” rating on the stock in a research note on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, Lululemon Athletica presently has an average rating of “Moderate Buy” and an average target price of $357.81.

About Lululemon Athletica

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.