US Bancorp DE cut its stake in shares of lululemon athletica inc. (NASDAQ:LULU – Free Report) by 25.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,864 shares of the apparel retailer’s stock after selling 11,975 shares during the quarter. US Bancorp DE’s holdings in lululemon athletica were worth $8,521,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. N.E.W. Advisory Services LLC acquired a new position in shares of lululemon athletica during the 1st quarter worth $25,000. Cornerstone Planning Group LLC raised its stake in shares of lululemon athletica by 506.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer’s stock worth $26,000 after buying an additional 81 shares during the last quarter. Flaharty Asset Management LLC acquired a new position in shares of lululemon athletica during the 1st quarter worth $29,000. Zions Bancorporation National Association UT acquired a new position in shares of lululemon athletica during the 1st quarter worth $31,000. Finally, Garde Capital Inc. acquired a new position in shares of lululemon athletica during the 1st quarter worth $35,000. 85.20% of the stock is owned by institutional investors and hedge funds.
lululemon athletica Trading Down 3.4%
lululemon athletica stock opened at $167.51 on Friday. The firm has a market capitalization of $19.86 billion, a P/E ratio of 11.39, a PEG ratio of 10.47 and a beta of 1.07. The stock has a fifty day moving average price of $184.28 and a 200 day moving average price of $235.93. lululemon athletica inc. has a 52 week low of $159.25 and a 52 week high of $423.32.
Insider Buying and Selling at lululemon athletica
In related news, insider Nicole Neuburger sold 615 shares of the stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $178.00, for a total value of $109,470.00. Following the transaction, the insider directly owned 8,993 shares of the company’s stock, valued at approximately $1,600,754. This trade represents a 6.40% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.54% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. Bank of America cut their price target on lululemon athletica from $210.00 to $185.00 and set a “neutral” rating for the company in a research note on Friday, September 12th. Robert W. Baird reaffirmed a “neutral” rating and set a $195.00 price target (down previously from $225.00) on shares of lululemon athletica in a research note on Tuesday, September 23rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of lululemon athletica in a research note on Wednesday. Dbs Bank decreased their price objective on lululemon athletica from $165.00 to $134.00 in a research note on Friday, September 19th. Finally, Wells Fargo & Company decreased their price objective on lululemon athletica from $205.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-six have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, lululemon athletica presently has an average rating of “Hold” and a consensus price target of $232.29.
Check Out Our Latest Stock Report on lululemon athletica
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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