Bridgewater Associates LP Has $38 Million Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Bridgewater Associates LP raised its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 33.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 140,033 shares of the apparel retailer’s stock after buying an additional 35,357 shares during the period. Bridgewater Associates LP owned 0.11% of Lululemon Athletica worth $37,998,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LULU. Value Star Asset Management Hong Kong Ltd grew its stake in shares of Lululemon Athletica by 19,890.3% in the second quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer’s stock valued at $1,390,074,000 after buying an additional 4,630,466 shares in the last quarter. American Century Companies Inc. lifted its stake in Lululemon Athletica by 4.9% in the 2nd quarter. American Century Companies Inc. now owns 1,769,096 shares of the apparel retailer’s stock valued at $528,429,000 after purchasing an additional 82,731 shares during the last quarter. Legal & General Group Plc increased its position in 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 buying an additional 37,239 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Lululemon Athletica by 74,856.2% in 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 buying an additional 894,531 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Lululemon Athletica by 38.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 737,872 shares of the apparel retailer’s stock valued at $220,423,000 after acquiring an additional 203,882 shares during the period. 85.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on LULU. Raymond James decreased their price objective on shares of Lululemon Athletica from $350.00 to $325.00 and set an “outperform” rating on the stock in a report on Monday, September 2nd. Bank of America cut their price objective on shares of Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating for the company in a research report on Friday, August 30th. The Goldman Sachs Group downgraded Lululemon Athletica from a “buy” rating to a “neutral” rating and decreased their target price for the company from $463.00 to $286.00 in a research report on Friday, August 2nd. Sanford C. Bernstein dropped their price target on Lululemon Athletica from $345.00 to $325.00 and set a “market perform” rating for the company in a report on Friday, August 30th. Finally, Needham & Company LLC assumed coverage on Lululemon Athletica in a report on Friday, November 22nd. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $358.13.

Insider Transactions at Lululemon Athletica

In other news, 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 cost of $260.00 per share, for a total transaction of $1,040,000.00. Following the completion of 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicole Neuburger sold 486 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction of $131,020.74. Following the completion of the transaction, the insider now owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. This trade represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Down 2.4 %

Lululemon Athletica stock opened at $318.84 on Wednesday. The stock has a market cap of $39.15 billion, a PE ratio of 24.64, a P/E/G ratio of 2.38 and a beta of 1.24. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $516.39. The business’s 50-day moving average price is $294.07 and its two-hundred day moving average price is $287.62.

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

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.