Vanguard Group Inc. lifted its holdings in lululemon athletica inc. (NASDAQ:LULU – Free Report) by 3.9% during the third quarter, Holdings Channel reports. The institutional investor owned 13,782,917 shares of the apparel retailer’s stock after purchasing an additional 521,915 shares during the quarter. Vanguard Group Inc. owned about 0.12% of lululemon athletica worth $2,452,394,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. K.J. Harrison & Partners Inc raised its position in shares of lululemon athletica by 100.1% in the second quarter. K.J. Harrison & Partners Inc now owns 6,002 shares of the apparel retailer’s stock valued at $1,426,000 after buying an additional 3,002 shares during the last quarter. Hussman Strategic Advisors Inc. raised its holdings in lululemon athletica by 66.7% in the 3rd quarter. Hussman Strategic Advisors Inc. now owns 21,000 shares of the apparel retailer’s stock valued at $3,737,000 after acquiring an additional 8,400 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of lululemon athletica by 2,598.9% during the 3rd quarter. Pacer Advisors Inc. now owns 475,957 shares of the apparel retailer’s stock worth $84,687,000 after purchasing an additional 458,322 shares during the period. Pacific Heights Asset Management LLC lifted its stake in shares of lululemon athletica by 44.4% during the 3rd quarter. Pacific Heights Asset Management LLC now owns 65,000 shares of the apparel retailer’s stock worth $11,565,000 after purchasing an additional 20,000 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in shares of lululemon athletica during the second quarter worth $3,276,000. Institutional investors and hedge funds own 85.20% of the company’s stock.
lululemon athletica Stock Up 0.4%
LULU opened at $182.88 on Friday. lululemon athletica inc. has a 52-week low of $159.25 and a 52-week high of $372.66. The company has a 50 day moving average of $195.67 and a two-hundred day moving average of $185.10. The company has a market cap of $21.45 billion, a P/E ratio of 12.67, a P/E/G ratio of 11.47 and a beta of 1.01.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the company. Telsey Advisory Group reiterated a “market perform” rating and issued a $215.00 target price on shares of lululemon athletica in a research note on Monday, January 26th. Citigroup upped their price objective on shares of lululemon athletica from $190.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Needham & Company LLC reissued a “hold” rating on shares of lululemon athletica in a research report on Friday, November 21st. Robert W. Baird boosted their target price on shares of lululemon athletica from $195.00 to $210.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Finally, Evercore increased their price target on shares of lululemon athletica from $180.00 to $215.00 in a research note on Friday, December 12th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirty have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $227.05.
View Our Latest Stock Report on lululemon athletica
Insider Buying and Selling at lululemon athletica
In other news, insider Celeste Burgoyne sold 13,511 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $204.00, for a total value of $2,756,244.00. Following the completion of the sale, the insider owned 5,318 shares in the company, valued at approximately $1,084,872. This trade represents a 71.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is owned by insiders.
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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