XTX Topco Ltd Acquires 6,562 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

XTX Topco Ltd lifted its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 281.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,894 shares of the apparel retailer’s stock after buying an additional 6,562 shares during the quarter. XTX Topco Ltd’s holdings in Lululemon Athletica were worth $2,657,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Seven Eight Capital LP purchased a new position in Lululemon Athletica during the 2nd quarter valued at about $3,546,000. Gardner Lewis Asset Management L P boosted its stake in Lululemon Athletica by 13.6% during the second quarter. Gardner Lewis Asset Management L P now owns 11,637 shares of the apparel retailer’s stock valued at $3,476,000 after buying an additional 1,395 shares during the period. Beck Bode LLC grew its position in Lululemon Athletica by 49.8% during the second quarter. Beck Bode LLC now owns 39,144 shares of the apparel retailer’s stock worth $11,692,000 after buying an additional 13,007 shares in the last quarter. Amalgamated Bank raised its holdings in shares of Lululemon Athletica by 1.5% in the 2nd quarter. Amalgamated Bank now owns 25,040 shares of the apparel retailer’s stock valued at $7,479,000 after acquiring an additional 367 shares in the last quarter. Finally, Tredje AP fonden boosted its position in shares of Lululemon Athletica by 255.2% during the 2nd quarter. Tredje AP fonden now owns 34,379 shares of the apparel retailer’s stock valued at $10,269,000 after acquiring an additional 24,700 shares during the last quarter. 85.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LULU has been the subject of a number of research reports. Oppenheimer reissued an “outperform” rating and issued a $445.00 price target on shares of Lululemon Athletica in a research note on Thursday, June 6th. KeyCorp dropped their price target on Lululemon Athletica from $415.00 to $350.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. The Goldman Sachs Group lowered Lululemon Athletica from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $463.00 to $286.00 in a research report on Friday, August 2nd. Robert W. Baird cut their target price on Lululemon Athletica from $470.00 to $350.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Finally, Truist Financial reissued a “buy” rating and set a $310.00 price target on shares of Lululemon Athletica in a research note on Wednesday, August 28th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $354.94.

Insider Activity at Lululemon Athletica

In related news, CEO Calvin Mcdonald acquired 4,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were purchased at an average cost of $260.00 per share, with a total value of $1,040,000.00. Following the transaction, the chief executive officer now directly owns 89,922 shares in the company, valued at $23,379,720. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.48% of the stock is owned by company insiders.

Lululemon Athletica Price Performance

NASDAQ LULU opened at $270.20 on Thursday. The stock has a market capitalization of $33.78 billion, a price-to-earnings ratio of 21.67, a PEG ratio of 1.38 and a beta of 1.25. The business’s fifty day moving average price is $260.65 and its 200-day moving average price is $320.96. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $516.39.

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 business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.68 earnings per share. Equities research analysts anticipate that Lululemon Athletica Inc. will post 14.03 EPS for the current year.

Lululemon Athletica announced that its Board of Directors has initiated a share buyback program on Wednesday, June 5th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the apparel retailer to buy up to 2.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.

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.