Boston Trust Walden Corp Grows Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Boston Trust Walden Corp grew its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 360.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 131,276 shares of the apparel retailer’s stock after purchasing an additional 102,736 shares during the period. Boston Trust Walden Corp owned approximately 0.11% of Lululemon Athletica worth $35,622,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in LULU. XTX Topco Ltd boosted its holdings in Lululemon Athletica by 281.4% during the second quarter. XTX Topco Ltd now owns 8,894 shares of the apparel retailer’s stock worth $2,657,000 after buying an additional 6,562 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Lululemon Athletica by 31.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,425 shares of the apparel retailer’s stock worth $4,607,000 after acquiring an additional 3,721 shares during the period. Brookstone Capital Management raised its holdings in Lululemon Athletica by 202.8% during the first quarter. Brookstone Capital Management now owns 1,714 shares of the apparel retailer’s stock worth $670,000 after purchasing an additional 1,148 shares during the last quarter. Gateway Investment Advisers LLC boosted its position in Lululemon Athletica by 9.7% during the second quarter. Gateway Investment Advisers LLC now owns 34,709 shares of the apparel retailer’s stock worth $10,368,000 after purchasing an additional 3,077 shares in the last quarter. Finally, Rheos Capital Works Inc. grew its holdings in Lululemon Athletica by 19.2% in the third quarter. Rheos Capital Works Inc. now owns 15,500 shares of the apparel retailer’s stock valued at $4,206,000 after purchasing an additional 2,500 shares during the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LULU has been the subject of several research reports. Citigroup cut their price target on Lululemon Athletica from $300.00 to $270.00 and set a “neutral” rating for the company in a research note on Thursday, August 22nd. Morgan Stanley lowered their price target on shares of Lululemon Athletica from $326.00 to $314.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 1st. Wells Fargo & Company cut their price objective on Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating for the company in a research report on Friday, August 23rd. TD Securities increased their target price on Lululemon Athletica from $375.00 to $382.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, KeyCorp cut their price target on Lululemon Athletica from $415.00 to $350.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $354.55.

Insider Buying and Selling

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the completion of the sale, the insider now owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the completion of the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at $1,670,918.82. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Calvin Mcdonald acquired 4,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were acquired 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 trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.48% of the stock is currently owned by corporate insiders.

Lululemon Athletica Stock Up 1.7 %

LULU opened at $304.15 on Friday. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $516.39. The company has a 50 day moving average of $270.16 and a two-hundred day moving average of $293.87. The company has a market cap of $38.02 billion, a P/E ratio of 24.39, a P/E/G ratio of 2.17 and a beta of 1.25.

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

Lululemon Athletica Company 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.