MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Buys 90,543 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 26,708.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,882 shares of the apparel retailer’s stock after buying an additional 90,543 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH owned approximately 0.07% of Lululemon Athletica worth $34,903,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC raised its stake in Lululemon Athletica by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock valued at $669,036,000 after acquiring an additional 44,294 shares during the period. Legal & General Group Plc lifted its stake in shares of Lululemon Athletica by 3.7% during the 2nd 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 boosted its holdings in shares of Lululemon Athletica by 74,856.2% during the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock worth $243,055,000 after buying an additional 894,531 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Lululemon Athletica by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 702,294 shares of the apparel retailer’s stock valued at $190,567,000 after buying an additional 19,808 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. raised its holdings in Lululemon Athletica by 43.5% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 611,814 shares of the apparel retailer’s stock valued at $166,016,000 after acquiring an additional 185,440 shares during the period. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Stock Up 1.3 %

NASDAQ LULU opened at $387.85 on Friday. The company has a market cap of $47.23 billion, a price-to-earnings ratio of 28.00, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $491.30. The business’s fifty day moving average is $365.84 and its 200 day moving average is $306.17.

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

Insiders Place Their Bets

In other Lululemon Athletica news, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction dated Monday, December 9th. The stock was 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 of the company’s stock, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction dated 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 trade represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. BMO Capital Markets boosted their price objective on Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $220.00 price objective on shares of Lululemon Athletica in a report on Monday, December 2nd. KeyCorp boosted their target price on shares of Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a research report on Thursday. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. Finally, UBS Group lifted their price objective on shares of Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, Lululemon Athletica has an average rating of “Moderate Buy” and a consensus price target of $391.00.

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.