Mizuho Markets Americas LLC Purchases New Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Mizuho Markets Americas LLC acquired a new position in Lululemon Athletica Inc. (NASDAQ:LULU) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 18,156 shares of the apparel retailer’s stock, valued at approximately $4,927,000.

A number of other institutional investors have also recently bought and sold shares of the business. Larson Financial Group LLC boosted its holdings in shares of Lululemon Athletica by 78.2% in the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after buying an additional 43 shares during the last quarter. Paladin Wealth LLC bought a new stake in Lululemon Athletica in the third quarter worth about $29,000. Versant Capital Management Inc raised its position in Lululemon Athletica by 61.5% in the second quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 40 shares during the period. JFS Wealth Advisors LLC boosted its stake in Lululemon Athletica by 127.5% in the third quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 65 shares during the last quarter. Finally, Ridgewood Investments LLC bought a new position in shares of Lululemon Athletica during the 2nd quarter valued at approximately $33,000. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU opened at $320.01 on Friday. The firm has a market capitalization of $39.29 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 2.33 and a beta of 1.24. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $516.39. The firm has a fifty day moving average of $286.35 and a 200 day moving average of $289.90.

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

Insiders Place Their Bets

In related news, insider Nicole Neuburger sold 486 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total transaction of $131,020.74. Following the transaction, the insider now owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. This trade represents a 7.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Calvin Mcdonald purchased 4,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was acquired at an average cost of $260.00 per share, with a total value of $1,040,000.00. Following the completion of the purchase, the chief executive officer now directly owns 89,922 shares of the company’s stock, valued at $23,379,720. The trade was a 4.66 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Telsey Advisory Group lowered their price target on shares of Lululemon Athletica from $470.00 to $360.00 and set an “outperform” rating on the stock in a report on Monday, August 26th. UBS Group dropped their price target on Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. Stifel Nicolaus decreased their price objective on Lululemon Athletica from $416.00 to $370.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. TD Securities upped their price objective on shares of Lululemon Athletica from $375.00 to $382.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Truist Financial increased their target price on shares of Lululemon Athletica from $310.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $357.13.

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.