Titleist Asset Management LLC purchased a new stake in shares of lululemon athletica inc. (NASDAQ:LULU – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,072 shares of the apparel retailer’s stock, valued at approximately $255,000.
Several other large investors have also added to or reduced their stakes in LULU. N.E.W. Advisory Services LLC purchased a new stake in shares of lululemon athletica in the first quarter worth $25,000. Flaharty Asset Management LLC purchased a new position in shares of lululemon athletica during the 1st quarter valued at $29,000. Zions Bancorporation National Association UT bought a new position in lululemon athletica in the 1st quarter worth $31,000. Blue Trust Inc. boosted its holdings in 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 buying an additional 61 shares during the period. Finally, Trust Co. of Toledo NA OH purchased a new stake in lululemon athletica in the 2nd quarter worth $30,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.
lululemon athletica Price Performance
NASDAQ LULU opened at $168.18 on Monday. The stock has a market capitalization of $19.94 billion, a PE ratio of 11.43, a P/E/G ratio of 10.64 and a beta of 1.07. The business has a 50 day simple moving average of $171.01 and a two-hundred day simple moving average of $214.65. lululemon athletica inc. has a 1-year low of $159.25 and a 1-year high of $423.32.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on LULU shares. HSBC downgraded lululemon athletica from a “buy” rating to a “hold” rating and set a $175.00 price objective on the stock. in a research report on Thursday, September 11th. The Goldman Sachs Group decreased their target price on lululemon athletica from $200.00 to $180.00 and set a “neutral” rating on the stock in a research note on Monday, November 17th. Truist Financial cut lululemon athletica from a “buy” rating to a “hold” rating and set a $170.00 price target on the stock. in a report on Friday, September 5th. Wells Fargo & Company cut their price objective on shares of lululemon athletica from $205.00 to $160.00 and set an “equal weight” rating for the company in a report on Friday, September 5th. Finally, Citigroup set a $190.00 price objective on shares of lululemon athletica and gave the company a “neutral” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirty have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, lululemon athletica has a consensus rating of “Hold” and a consensus price target of $227.68.
Check Out Our Latest Stock Report on lululemon athletica
Insider Buying and Selling
In other lululemon athletica news, insider Nicole Neuburger sold 615 shares of the stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $178.00, for a total transaction of $109,470.00. Following the completion of the transaction, the insider owned 8,993 shares in the company, valued at $1,600,754. This trade represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is owned by company insiders.
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.
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