Strengthening Families & Communities LLC bought a new position in shares of lululemon athletica inc. (NASDAQ:LULU – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,264 shares of the apparel retailer’s stock, valued at approximately $1,115,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in lululemon athletica in the 2nd quarter valued at about $17,747,000. K.J. Harrison & Partners Inc grew its stake in shares of lululemon athletica by 100.1% in the 2nd quarter. K.J. Harrison & Partners Inc now owns 6,002 shares of the apparel retailer’s stock valued at $1,426,000 after purchasing an additional 3,002 shares during the last quarter. Hussman Strategic Advisors Inc. increased its holdings in shares of lululemon athletica by 66.7% in the third quarter. Hussman Strategic Advisors Inc. now owns 21,000 shares of the apparel retailer’s stock valued at $3,737,000 after purchasing an additional 8,400 shares during the period. U S Global Investors Inc. acquired a new position in shares of lululemon athletica in the second quarter valued at approximately $760,000. Finally, Alpha Wealth Funds LLC purchased a new stake in shares of lululemon athletica during the second quarter worth approximately $470,000. 85.20% of the stock is owned by institutional investors and hedge funds.
lululemon athletica Price Performance
NASDAQ:LULU opened at $179.08 on Tuesday. The firm has a market cap of $21.01 billion, a PE ratio of 12.41, a P/E/G ratio of 10.78 and a beta of 1.01. The firm has a 50 day simple moving average of $197.61 and a 200-day simple moving average of $188.27. lululemon athletica inc. has a 1-year low of $159.25 and a 1-year high of $417.91.
Insider Activity
In related news, insider Celeste Burgoyne sold 13,511 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $204.00, for a total transaction of $2,756,244.00. Following the completion of the sale, the insider owned 5,318 shares of the company’s stock, valued at approximately $1,084,872. This represents a 71.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.54% of the company’s stock.
Analyst Ratings Changes
Several research firms have recently commented on LULU. Weiss Ratings restated a “sell (d+)” rating on shares of lululemon athletica in a research note on Thursday, January 22nd. Evercore ISI raised their price objective on shares of lululemon athletica from $180.00 to $215.00 in a research report on Friday, December 12th. UBS Group set a $206.00 price objective on lululemon athletica in a report on Wednesday, December 31st. Telsey Advisory Group reiterated a “market perform” rating and set a $215.00 target price on shares of lululemon athletica in a research report on Monday, January 26th. Finally, Robert W. Baird raised their price target on lululemon athletica from $195.00 to $210.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirty have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $227.05.
Check Out 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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