Axa S.A. Has $25.41 Million Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Axa S.A. trimmed its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 85,059 shares of the apparel retailer’s stock after selling 1,601 shares during the quarter. Axa S.A. owned 0.07% of Lululemon Athletica worth $25,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of LULU. Orion Portfolio Solutions LLC boosted its holdings in Lululemon Athletica by 11.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 4,564 shares of the apparel retailer’s stock worth $2,243,000 after acquiring an additional 480 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Lululemon Athletica by 15.8% during the fourth quarter. Parallel Advisors LLC now owns 2,538 shares of the apparel retailer’s stock valued at $1,298,000 after buying an additional 347 shares during the period. Stifel Financial Corp increased its position in shares of Lululemon Athletica by 21.0% during the fourth quarter. Stifel Financial Corp now owns 85,294 shares of the apparel retailer’s stock valued at $43,610,000 after buying an additional 14,798 shares during the period. Focus Financial Network Inc. ADV bought a new stake in shares of Lululemon Athletica during the fourth quarter valued at about $386,000. Finally, Fiduciary Trust Co increased its position in shares of Lululemon Athletica by 1.0% during the fourth quarter. Fiduciary Trust Co now owns 4,121 shares of the apparel retailer’s stock valued at $2,107,000 after buying an additional 42 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Stock Performance

NASDAQ:LULU opened at $268.82 on Friday. The firm has a market cap of $33.01 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 1.40 and a beta of 1.25. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $516.39. The business has a 50 day moving average price of $258.01 and a 200-day moving average price of $314.34.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.41 billion. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.68 earnings per share. Research analysts predict that Lululemon Athletica Inc. will post 14.03 EPS for the current year.

Lululemon Athletica declared that its Board of Directors has approved a share repurchase plan on Wednesday, June 5th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the apparel retailer to buy up to 2.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on LULU shares. Barclays decreased their price target on Lululemon Athletica from $263.00 to $261.00 and set an “equal weight” rating on the stock in a research report on Friday, August 30th. Jefferies Financial Group reissued an “underperform” rating and set a $220.00 price objective on shares of Lululemon Athletica in a report on Thursday, July 25th. TD Securities boosted 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. Morgan Stanley cut their price objective on Lululemon Athletica from $329.00 to $326.00 and set an “overweight” rating for the company in a report on Sunday, September 1st. Finally, Bank of America cut their price objective on Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating for the company in a report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat.com, Lululemon Athletica has an average rating of “Moderate Buy” and an average price target of $354.94.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, CEO Calvin Mcdonald bought 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was bought at an average price 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 directly owns 89,922 shares in the company, valued at $23,379,720. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.48% of the stock is owned by corporate insiders.

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.