Hussman Strategic Advisors Inc. lifted its stake in shares of lululemon athletica inc. (NASDAQ:LULU – Free Report) by 66.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,000 shares of the apparel retailer’s stock after purchasing an additional 8,400 shares during the quarter. lululemon athletica comprises about 0.8% of Hussman Strategic Advisors Inc.’s investment portfolio, making the stock its 12th largest holding. Hussman Strategic Advisors Inc.’s holdings in lululemon athletica were worth $3,737,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Blue Trust Inc. lifted its stake in shares of lululemon athletica by 96.8% in the 2nd quarter. Blue Trust Inc. now owns 124 shares of the apparel retailer’s stock worth $29,000 after acquiring an additional 61 shares during the period. Trust Co. of Toledo NA OH acquired a new position in shares of lululemon athletica during the second quarter valued at approximately $30,000. Tradewinds Capital Management LLC raised its holdings in lululemon athletica by 18,400.0% during the third quarter. Tradewinds Capital Management LLC now owns 185 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 184 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in lululemon athletica by 464.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 141 shares of the apparel retailer’s stock worth $34,000 after purchasing an additional 116 shares during the period. Finally, Cromwell Holdings LLC boosted its stake in lululemon athletica by 89.9% during the 3rd quarter. Cromwell Holdings LLC now owns 207 shares of the apparel retailer’s stock valued at $37,000 after purchasing an additional 98 shares in the last quarter. Institutional investors own 85.20% of the company’s stock.
lululemon athletica Price Performance
lululemon athletica stock opened at $186.39 on Wednesday. The firm’s 50 day simple moving average is $196.85 and its 200-day simple moving average is $189.70. The company has a market cap of $21.86 billion, a P/E ratio of 12.92, a price-to-earnings-growth ratio of 11.91 and a beta of 1.01. lululemon athletica inc. has a fifty-two week low of $159.25 and a fifty-two week high of $423.32.
Insider Buying and Selling at lululemon athletica
In related news, insider Celeste Burgoyne sold 13,511 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $204.00, for a total transaction of $2,756,244.00. Following the transaction, the insider directly owned 5,318 shares of the company’s stock, valued at approximately $1,084,872. The trade was a 71.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.54% of the company’s stock.
Analyst Upgrades and Downgrades
LULU has been the topic of a number of research reports. Stifel Nicolaus reissued a “hold” rating and issued a $210.00 price objective on shares of lululemon athletica in a research note on Tuesday, December 30th. Piper Sandler boosted their price target on shares of lululemon athletica from $165.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. BNP Paribas Exane cut their price target on shares of lululemon athletica from $230.00 to $206.00 and set a “neutral” rating for the company in a report on Friday, January 23rd. Morgan Stanley lowered their price objective on shares of lululemon athletica from $223.00 to $185.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 30th. Finally, UBS Group set a $206.00 target price on shares of lululemon athletica in a research note on Wednesday, December 31st. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, thirty have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $227.57.
Get Our Latest Stock Report on LULU
lululemon athletica Company Profile
lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.
Products are developed in-house and produced through a network of third-party manufacturers.
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