Nordea Investment Management AB Has $3.47 Million Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Nordea Investment Management AB boosted its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 3.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,034 shares of the apparel retailer’s stock after purchasing an additional 287 shares during the quarter. Nordea Investment Management AB’s holdings in Lululemon Athletica were worth $3,465,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Paladin Wealth LLC bought a new stake in shares of Lululemon Athletica in the third quarter valued at approximately $29,000. HHM Wealth Advisors LLC increased its position in shares of Lululemon Athletica by 66.7% in the second quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer’s stock worth $34,000 after purchasing an additional 46 shares during the period. JFS Wealth Advisors LLC lifted its position in Lululemon Athletica by 127.5% during the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 65 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Lululemon Athletica during the second quarter worth about $36,000. Finally, Armstrong Advisory Group Inc. grew its stake in Lululemon Athletica by 110.1% during the third quarter. Armstrong Advisory Group Inc. now owns 145 shares of the apparel retailer’s stock worth $39,000 after buying an additional 76 shares in the last quarter. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Trading Up 0.6 %

Shares of LULU opened at $395.47 on Friday. The firm’s fifty day simple moving average is $355.92 and its two-hundred day simple moving average is $301.86. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $491.30. The stock has a market capitalization of $48.16 billion, a P/E ratio of 28.55, a price-to-earnings-growth ratio of 2.78 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, beating the consensus estimate of $2.69 by $0.18. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.53 EPS. As a group, research analysts predict that Lululemon Athletica Inc. will post 14.17 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $405.54, for a total value of $10,085,779.80. Following the completion of the sale, the insider now directly owns 12,429 shares of the company’s stock, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LULU. TD Cowen upped their price target on shares of Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. JPMorgan Chase & Co. upped their target price on Lululemon Athletica from $425.00 to $428.00 and gave the stock an “overweight” rating in a research note on Wednesday. Stifel Nicolaus reiterated a “buy” rating and issued a $438.00 price target (up previously from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft upped their price objective on Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Finally, Guggenheim lifted their target price on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $382.73.

Lululemon Athletica 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.