Cerity Partners LLC Increases Position in lululemon athletica inc. $LULU

Cerity Partners LLC boosted its position in lululemon athletica inc. (NASDAQ:LULU) by 59.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,206 shares of the apparel retailer’s stock after acquiring an additional 18,656 shares during the quarter. Cerity Partners LLC’s holdings in lululemon athletica were worth $11,928,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its position in shares of lululemon athletica by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,010,908 shares of the apparel retailer’s stock valued at $1,418,389,000 after purchasing an additional 162,295 shares during the last quarter. Alliancebernstein L.P. boosted its stake in lululemon athletica by 9.0% in the first quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer’s stock worth $1,356,507,000 after buying an additional 394,706 shares in the last quarter. Geode Capital Management LLC grew its position in lululemon athletica by 16.2% during the second quarter. Geode Capital Management LLC now owns 2,960,387 shares of the apparel retailer’s stock valued at $700,502,000 after acquiring an additional 413,062 shares during the last quarter. Invesco Ltd. grew its position in lululemon athletica by 23.3% during the second quarter. Invesco Ltd. now owns 1,710,425 shares of the apparel retailer’s stock valued at $406,363,000 after acquiring an additional 322,816 shares during the last quarter. Finally, Flossbach Von Storch SE raised its stake in shares of lululemon athletica by 17.0% during the second quarter. Flossbach Von Storch SE now owns 1,640,217 shares of the apparel retailer’s stock worth $389,683,000 after acquiring an additional 238,332 shares in the last quarter. Institutional investors own 85.20% of the company’s stock.

lululemon athletica Price Performance

LULU opened at $187.62 on Thursday. lululemon athletica inc. has a one year low of $159.25 and a one year high of $423.32. The business has a 50 day simple moving average of $173.72 and a two-hundred day simple moving average of $203.61. The firm has a market capitalization of $22.25 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 11.39 and a beta of 1.01.

Insider Activity at lululemon athletica

In related news, insider Nicole Neuburger sold 615 shares of lululemon athletica 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 $1,600,754. The trade was a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Barclays cut their price objective on shares of lululemon athletica from $209.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, September 5th. Needham & Company LLC reissued a “hold” rating on shares of lululemon athletica in a research note on Friday, November 21st. Telsey Advisory Group restated a “market perform” rating and set a $200.00 price target on shares of lululemon athletica in a research report on Monday. JPMorgan Chase & Co. decreased their price objective on lululemon athletica from $224.00 to $191.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. Finally, Rothschild & Co Redburn lowered their target price on lululemon athletica from $230.00 to $160.00 and set a “sell” rating for the company in a research note on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, thirty have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, lululemon athletica presently has a consensus rating of “Hold” and a consensus target price of $214.98.

lululemon athletica 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.