Nordea Investment Management AB lifted its holdings in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 200.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 12,758 shares of the apparel retailer’s stock after acquiring an additional 8,515 shares during the quarter. Nordea Investment Management AB’s holdings in Lululemon Athletica were worth $1,552,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. AdvisorNet Financial Inc raised its stake in Lululemon Athletica by 70.8% during the fourth quarter. AdvisorNet Financial Inc now owns 205 shares of the apparel retailer’s stock worth $25,000 after buying an additional 85 shares during the last quarter. Semmax Financial Advisors Inc. bought a new position in Lululemon Athletica during the fourth quarter worth $25,000. Oregon Public Employees Retirement Fund raised its stake in Lululemon Athletica by 11,283.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,059,463 shares of the apparel retailer’s stock worth $33,000 after buying an additional 4,023,801 shares during the last quarter. PRW Wealth Management LLC bought a new position in Lululemon Athletica during the fourth quarter worth $34,000. Finally, Exane Derivatives raised its stake in Lululemon Athletica by 32,600.0% during the fourth quarter. Exane Derivatives now owns 327 shares of the apparel retailer’s stock worth $40,000 after buying an additional 326 shares during the last quarter. Institutional investors own 79.50% of the company’s stock.

A number of equities analysts recently weighed in on LULU shares. Cowen lifted their target price on shares of Lululemon Athletica from $190.00 to $192.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Wedbush downgraded shares of Lululemon Athletica from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $176.00 to $155.00 in a research note on Friday, March 22nd. Buckingham Research raised shares of Lululemon Athletica from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 9th. MKM Partners lifted their target price on shares of Lululemon Athletica from $179.00 to $189.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Finally, Argus lifted their target price on shares of Lululemon Athletica to $195.00 and gave the stock a “buy” rating in a research note on Friday, March 29th. Ten research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Lululemon Athletica presently has a consensus rating of “Buy” and an average target price of $167.91.

In other news, COO Stuart Haselden sold 49,319 shares of Lululemon Athletica stock in a transaction dated Friday, March 29th. The shares were sold at an average price of $164.62, for a total transaction of $8,118,893.78. Following the completion of the transaction, the chief operating officer now directly owns 24,685 shares in the company, valued at $4,063,644.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michelle Sun Choe sold 6,170 shares of Lululemon Athletica stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $170.92, for a total transaction of $1,054,576.40. Following the transaction, the insider now owns 11,294 shares of the company’s stock, valued at $1,930,370.48. The disclosure for this sale can be found here. Insiders have sold 2,587,272 shares of company stock valued at $378,855,992 over the last quarter. Corporate insiders own 0.32% of the company’s stock.

LULU opened at $167.46 on Thursday. Lululemon Athletica inc. has a 1-year low of $90.50 and a 1-year high of $172.90. The firm has a market capitalization of $21.94 billion, a price-to-earnings ratio of 43.61, a P/E/G ratio of 2.02 and a beta of 0.52.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Wednesday, March 27th. The apparel retailer reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.11. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Lululemon Athletica had a net margin of 14.71% and a return on equity of 35.49%. The business’s revenue was up 25.6% on a year-over-year basis. During the same period last year, the company earned $1.33 earnings per share. On average, equities research analysts predict that Lululemon Athletica inc. will post 4.62 EPS for the current year.

Lululemon Athletica declared that its Board of Directors has initiated a share repurchase plan on Wednesday, March 27th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the apparel retailer to repurchase up to 2.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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Lululemon Athletica Profile

lululemon athletica, Inc engages in the design, distribution, and retail of athletic apparel and accessories. It company operates through the following segments: Company-Operated Stores, Direct to Consumer, and Other. The Company-Operated Stores segment comprises of lululemon and ivivva brands; and specialize athletic wear for female youth.

Further Reading: Calculating net profit and net profit margin ratio

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Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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