SG Americas Securities LLC Has $10.27 Million Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

SG Americas Securities LLC grew its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 94.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,129 shares of the apparel retailer’s stock after purchasing an additional 13,209 shares during the quarter. SG Americas Securities LLC’s holdings in Lululemon Athletica were worth $10,268,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Edgewood Management LLC bought a new position in shares of Lululemon Athletica in the fourth quarter worth about $824,128,000. D1 Capital Partners L.P. acquired a new position in Lululemon Athletica during the 1st quarter worth $279,637,000. Renaissance Technologies LLC bought a new position in Lululemon Athletica in the 1st quarter valued at $278,751,000. Alyeska Investment Group L.P. acquired a new stake in shares of Lululemon Athletica in the 1st quarter valued at $180,458,000. Finally, Two Sigma Investments LP acquired a new position in shares of Lululemon Athletica during the first quarter valued at $146,557,000. 91.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Lululemon Athletica

In related news, insider Michelle Sun Choe sold 27,981 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $401.00, for a total transaction of $11,220,381.00. Following the sale, the insider now owns 3,892 shares of the company’s stock, valued at $1,560,692. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.54% of the company’s stock.

Lululemon Athletica Trading Up 0.3 %

Shares of NASDAQ LULU opened at $389.93 on Friday. The business’s 50 day moving average is $382.43 and its 200-day moving average is $363.65. The firm has a market cap of $49.55 billion, a P/E ratio of 49.36, a price-to-earnings-growth ratio of 1.72 and a beta of 1.39. Lululemon Athletica Inc. has a 1-year low of $277.50 and a 1-year high of $406.94.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, August 31st. The apparel retailer reported $2.68 earnings per share for the quarter, topping analysts’ consensus estimates of $2.54 by $0.14. Lululemon Athletica had a return on equity of 44.47% and a net margin of 11.40%. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the firm earned $2.20 earnings per share. The company’s revenue was up 17.8% on a year-over-year basis. Analysts forecast that Lululemon Athletica Inc. will post 12.16 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Lululemon Athletica from $487.00 to $489.00 and gave the company an “overweight” rating in a research report on Friday, September 1st. KeyCorp lifted their target price on shares of Lululemon Athletica from $425.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, September 1st. Wedbush raised their price target on Lululemon Athletica from $415.00 to $420.00 and gave the stock a “buy” rating in a research report on Friday, September 1st. BMO Capital Markets increased their target price on Lululemon Athletica from $355.00 to $376.00 and gave the company a “market perform” rating in a research note on Friday, September 1st. Finally, Oppenheimer lifted their price target on shares of Lululemon Athletica from $400.00 to $450.00 and gave the stock an “outperform” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Lululemon Athletica currently has an average rating of “Moderate Buy” and a consensus target price of $438.62.

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 operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities.