Vision Financial Markets LLC acquired a new position in lululemon athletica inc. (NASDAQ:LULU – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,000 shares of the apparel retailer’s stock, valued at approximately $534,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC purchased a new stake in lululemon athletica in the 4th quarter worth approximately $429,000. NewEdge Advisors LLC increased its stake in lululemon athletica by 5.1% during the first quarter. NewEdge Advisors LLC now owns 3,848 shares of the apparel retailer’s stock worth $1,089,000 after acquiring an additional 186 shares during the last quarter. Callan Family Office LLC acquired a new position in shares of lululemon athletica in the 2nd quarter worth approximately $289,000. IFP Advisors Inc grew its position in lululemon athletica by 62.0% in the 2nd quarter. IFP Advisors Inc now owns 1,144 shares of the apparel retailer’s stock valued at $272,000 after acquiring an additional 438 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of lululemon athletica by 96.8% in the second quarter. Blue Trust Inc. now owns 124 shares of the apparel retailer’s stock valued at $29,000 after acquiring an additional 61 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.
lululemon athletica Stock Up 2.8%
Shares of lululemon athletica stock opened at $180.62 on Wednesday. lululemon athletica inc. has a 12-month low of $159.25 and a 12-month high of $403.21. The stock has a market capitalization of $21.19 billion, a P/E ratio of 12.52, a PEG ratio of 11.10 and a beta of 1.01. The stock has a 50 day moving average price of $196.77 and a two-hundred day moving average price of $186.22.
Insiders Place Their Bets
In other lululemon athletica news, insider Celeste Burgoyne sold 13,511 shares of the company’s stock in a transaction dated 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 transaction, the insider directly owned 5,318 shares in the company, 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 SEC, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on LULU shares. Citigroup raised their target price on lululemon athletica from $190.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. UBS Group set a $206.00 target price on shares of lululemon athletica in a report on Wednesday, December 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of lululemon athletica in a report on Friday, November 21st. Stifel Nicolaus reiterated a “hold” rating and issued a $210.00 target price on shares of lululemon athletica in a research note on Tuesday, December 30th. Finally, Zacks Research upgraded shares of lululemon athletica from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, thirty have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $227.05.
View Our Latest Analysis on lululemon athletica
About lululemon athletica
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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