Federated Hermes Inc. Purchases 99,664 Shares of lululemon athletica inc. $LULU

Federated Hermes Inc. raised its position in shares of lululemon athletica inc. (NASDAQ:LULU) by 1,874.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 104,980 shares of the apparel retailer’s stock after purchasing an additional 99,664 shares during the period. Federated Hermes Inc. owned about 0.09% of lululemon athletica worth $24,941,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Flaharty Asset Management LLC purchased a new position in shares of lululemon athletica during the first quarter valued at $29,000. Zions Bancorporation National Association UT bought a new position in lululemon athletica during the 1st quarter worth about $31,000. Blue Trust Inc. increased its position in lululemon athletica by 96.8% during the 2nd quarter. Blue Trust Inc. now owns 124 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 61 shares during the period. Trust Co. of Toledo NA OH purchased a new position in lululemon athletica during the 2nd quarter valued at about $30,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of lululemon athletica by 464.0% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 141 shares of the apparel retailer’s stock valued at $34,000 after purchasing an additional 116 shares in the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

lululemon athletica Stock Down 0.4%

LULU opened at $182.28 on Wednesday. lululemon athletica inc. has a 52-week low of $159.25 and a 52-week high of $423.32. The company has a market cap of $21.62 billion, a P/E ratio of 12.39, a price-to-earnings-growth ratio of 11.44 and a beta of 1.01. The firm’s 50-day moving average price is $173.52 and its 200-day moving average price is $203.72.

Insider Transactions at lululemon athletica

In other lululemon athletica news, insider Nicole Neuburger sold 615 shares of the firm’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $178.00, for a total value of $109,470.00. Following the completion of the transaction, the insider owned 8,993 shares of the company’s stock, valued at approximately $1,600,754. This trade represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

LULU has been the topic of several research reports. BTIG Research reissued a “buy” rating and set a $303.00 price objective on shares of lululemon athletica in a report on Tuesday, November 25th. William Blair downgraded lululemon athletica from an “outperform” rating to a “market perform” rating in a report on Friday, September 5th. Evercore ISI reissued an “in-line” rating and issued a $180.00 price target (down from $265.00) on shares of lululemon athletica in a research report on Friday, September 5th. Telsey Advisory Group restated a “market perform” rating and set a $200.00 price objective on shares of lululemon athletica in a research note on Monday. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $205.00 target price (down previously from $324.00) on shares of lululemon athletica in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, twenty-nine have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $214.98.

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 offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.