Impax Asset Management Group plc Has $7.30 Million Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Impax Asset Management Group plc lowered its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 32.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 19,092 shares of the apparel retailer’s stock after selling 9,073 shares during the period. Impax Asset Management Group plc’s holdings in Lululemon Athletica were worth $7,301,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Maverick Capital Ltd. bought a new position in shares of Lululemon Athletica in the third quarter valued at approximately $93,476,000. The Manufacturers Life Insurance Company raised its position in Lululemon Athletica by 136.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock valued at $143,624,000 after buying an additional 305,302 shares during the last quarter. Southpoint Capital Advisors LP purchased a new stake in Lululemon Athletica in the 3rd quarter valued at $81,405,000. River Road Asset Management LLC bought a new position in Lululemon Athletica during the 3rd quarter valued at $79,503,000. Finally, Swedbank AB boosted its holdings in Lululemon Athletica by 151.0% during the 3rd quarter. Swedbank AB now owns 367,584 shares of the apparel retailer’s stock worth $99,744,000 after acquiring an additional 221,112 shares during the last quarter. 85.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Celeste Burgoyne sold 24,870 shares of Lululemon Athletica stock in a transaction on 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 completion of the sale, the insider now owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the transaction, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

Lululemon Athletica Stock Performance

Shares of NASDAQ LULU opened at $368.22 on Tuesday. The stock has a fifty day moving average of $387.92 and a 200-day moving average of $326.75. The stock has a market cap of $44.84 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $480.94.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share 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 business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the firm earned $2.53 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, sell-side analysts predict that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Jefferies Financial Group reiterated an “underperform” rating and issued a $220.00 target price on shares of Lululemon Athletica in a report on Monday, December 2nd. Citigroup increased their price objective on shares of Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. Raymond James reaffirmed an “outperform” rating and set a $430.00 price target (up from $400.00) on shares of Lululemon Athletica in a research report on Wednesday, January 15th. Finally, Robert W. Baird lifted their price target on Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $399.14.

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.