Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by APG Asset Management N.V.

APG Asset Management N.V. reduced its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,552 shares of the apparel retailer’s stock after selling 516 shares during the quarter. APG Asset Management N.V.’s holdings in Lululemon Athletica were worth $15,204,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of LULU. AQR Capital Management LLC increased its stake in Lululemon Athletica by 92.7% during the 2nd quarter. AQR Capital Management LLC now owns 106,730 shares of the apparel retailer’s stock worth $31,823,000 after buying an additional 51,355 shares during the period. Caxton Associates LP grew its stake in shares of Lululemon Athletica by 6,702.7% in the second quarter. Caxton Associates LP now owns 60,000 shares of the apparel retailer’s stock worth $17,922,000 after acquiring an additional 59,118 shares in the last quarter. Fred Alger Management LLC increased its position in shares of Lululemon Athletica by 2,895.4% during the second quarter. Fred Alger Management LLC now owns 27,078 shares of the apparel retailer’s stock worth $8,088,000 after acquiring an additional 26,174 shares during the period. Bwcp LP acquired a new stake in shares of Lululemon Athletica in the second quarter valued at $18,025,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Lululemon Athletica by 59.7% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 22,005 shares of the apparel retailer’s stock valued at $6,573,000 after purchasing an additional 8,229 shares during the period. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Lululemon Athletica news, CEO Calvin Mcdonald bought 4,000 shares of Lululemon Athletica stock in a transaction on Tuesday, September 3rd. The stock was bought 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 owns 89,922 shares in the company, valued at $23,379,720. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.48% of the stock is currently owned by corporate insiders.

Lululemon Athletica Stock Performance

LULU stock opened at $280.01 on Friday. The stock has a market capitalization of $34.38 billion, a PE ratio of 22.45, a price-to-earnings-growth ratio of 1.40 and a beta of 1.25. The company has a fifty day moving average of $257.68 and a 200-day moving average of $311.72. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 42.59% and a net margin of 16.34%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.68 EPS. Equities analysts forecast that Lululemon Athletica Inc. will post 14.03 earnings per share for the current fiscal year.

Lululemon Athletica declared that its Board of Directors has authorized a stock repurchase program on Wednesday, June 5th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the apparel retailer to repurchase up to 2.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on LULU shares. Robert W. Baird reduced their price target 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. Bank of America decreased their price target on shares of Lululemon Athletica from $440.00 to $355.00 and set a “buy” rating for the company in a research note on Friday, August 30th. The Goldman Sachs Group downgraded shares of Lululemon Athletica from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $463.00 to $286.00 in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Lululemon Athletica from $291.00 to $292.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Finally, Citigroup dropped their target price on Lululemon Athletica from $300.00 to $270.00 and set a “neutral” rating on the stock in a report on Thursday, August 22nd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $354.94.

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.