Wedbush Securities Inc. Has $2.92 Million Stake in Lululemon Athletica inc. (LULU)
Wedbush Securities Inc. reduced its holdings in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 5.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,989 shares of the apparel retailer’s stock after selling 1,008 shares during the quarter. Wedbush Securities Inc.’s holdings in Lululemon Athletica were worth $2,923,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in shares of Lululemon Athletica during the third quarter worth $130,000. Parallel Advisors LLC boosted its holdings in Lululemon Athletica by 230.4% in the third quarter. Parallel Advisors LLC now owns 955 shares of the apparel retailer’s stock valued at $155,000 after acquiring an additional 666 shares during the last quarter. TRUE Private Wealth Advisors acquired a new position in Lululemon Athletica in the third quarter valued at $161,000. Synovus Financial Corp acquired a new position in Lululemon Athletica in the second quarter valued at $127,000. Finally, Global Trust Asset Management LLC acquired a new position in Lululemon Athletica in the third quarter valued at $179,000. 79.24% of the stock is owned by institutional investors and hedge funds.
LULU stock traded down $6.27 during midday trading on Wednesday, reaching $133.62. The company had a trading volume of 3,140,952 shares, compared to its average volume of 1,894,769. Lululemon Athletica inc. has a fifty-two week low of $65.30 and a fifty-two week high of $164.79. The company has a market cap of $17.55 billion, a P/E ratio of 51.59, a PEG ratio of 2.03 and a beta of 0.37.
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Lululemon Athletica Profile
lululemon athletica inc., an athletic apparel company, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.
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