D.A. Davidson & CO. lessened its holdings in lululemon athletica inc. (NASDAQ:LULU – Free Report) by 25.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 933 shares of the apparel retailer’s stock after selling 324 shares during the quarter. D.A. Davidson & CO.’s holdings in lululemon athletica were worth $222,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of LULU. T. Rowe Price Investment Management Inc. increased its holdings in lululemon athletica by 151.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 770,336 shares of the apparel retailer’s stock worth $218,052,000 after buying an additional 464,186 shares during the period. Nuveen LLC purchased a new stake in lululemon athletica in the 1st quarter worth approximately $123,894,000. Alliancebernstein L.P. boosted its position in lululemon athletica by 9.0% in the 1st quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer’s stock worth $1,356,507,000 after purchasing an additional 394,706 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in lululemon athletica by 3.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,010,908 shares of the apparel retailer’s stock worth $1,418,389,000 after purchasing an additional 162,295 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its position in lululemon athletica by 16.6% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 1,128,607 shares of the apparel retailer’s stock worth $319,463,000 after purchasing an additional 160,897 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.
lululemon athletica Stock Up 1.5%
NASDAQ LULU opened at $170.54 on Friday. lululemon athletica inc. has a 52 week low of $159.25 and a 52 week high of $423.32. The business’s fifty day simple moving average is $177.29 and its 200-day simple moving average is $225.60. The firm has a market cap of $20.22 billion, a PE ratio of 11.59, a P/E/G ratio of 10.64 and a beta of 1.07.
Analysts Set New Price Targets
Several research firms have commented on LULU. Jefferies Financial Group restated an “underperform” rating on shares of lululemon athletica in a research report on Monday. Hsbc Global Res lowered lululemon athletica from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 11th. Oppenheimer reiterated a “market perform” rating and set a $500.00 target price on shares of lululemon athletica in a research report on Friday, September 5th. Zacks Research lowered lululemon athletica from a “hold” rating to a “strong sell” rating in a research report on Monday, September 8th. Finally, Piper Sandler decreased their target price on lululemon athletica from $200.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twenty-nine have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $228.42.
Get Our Latest Stock Report on LULU
Insider Activity at lululemon athletica
In other news, insider Nicole Neuburger sold 615 shares of lululemon athletica stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $178.00, for a total transaction of $109,470.00. Following the transaction, the insider owned 8,993 shares in the company, valued at $1,600,754. The trade was a 6.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is currently owned by corporate insiders.
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.
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