Bank of Nova Scotia Purchases 27,270 Shares of lululemon athletica inc. $LULU

Bank of Nova Scotia boosted its holdings in shares of lululemon athletica inc. (NASDAQ:LULU) by 167.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 43,543 shares of the apparel retailer’s stock after acquiring an additional 27,270 shares during the quarter. Bank of Nova Scotia’s holdings in lululemon athletica were worth $10,345,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in LULU. Norges Bank bought a new position in shares of lululemon athletica during the 2nd quarter valued at $217,344,000. T. Rowe Price Investment Management Inc. increased its position in lululemon athletica by 151.6% during the first 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 last quarter. Nuveen LLC bought a new position in lululemon athletica during the first quarter valued at about $123,894,000. Geode Capital Management LLC lifted its position in shares of lululemon athletica by 16.2% in the second quarter. Geode Capital Management LLC now owns 2,960,387 shares of the apparel retailer’s stock worth $700,502,000 after buying an additional 413,062 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of lululemon athletica by 9.0% during the 1st quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer’s stock worth $1,356,507,000 after acquiring an additional 394,706 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Nicole Neuburger sold 615 shares of the business’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 sale, the insider owned 8,993 shares in the company, valued at approximately $1,600,754. The trade was a 6.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on LULU. KeyCorp lowered shares of lululemon athletica from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, September 9th. HSBC lowered lululemon athletica from a “buy” rating to a “hold” rating and set a $175.00 price objective on the stock. in a research note on Thursday, September 11th. Jefferies Financial Group restated an “underperform” rating on shares of lululemon athletica in a research note on Monday, October 27th. Rothschild & Co Redburn lowered their target price on lululemon athletica from $230.00 to $160.00 and set a “sell” rating on the stock in a report on Friday, September 12th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $205.00 price target (down from $324.00) on shares of lululemon athletica in a report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, thirty have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $214.98.

lululemon athletica Stock Performance

Shares of lululemon athletica stock opened at $187.62 on Thursday. The firm has a market cap of $22.25 billion, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 11.39 and a beta of 1.01. The firm’s 50-day simple moving average is $173.72 and its 200-day simple moving average is $203.61. lululemon athletica inc. has a twelve month low of $159.25 and a twelve month high of $423.32.

About lululemon athletica

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.