Stratos Wealth Advisors LLC decreased its position in shares of lululemon athletica inc. (NASDAQ:LULU – Free Report) by 16.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,402 shares of the apparel retailer’s stock after selling 873 shares during the period. Stratos Wealth Advisors LLC’s holdings in lululemon athletica were worth $1,046,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in LULU. Manhattan West Asset Management LLC raised its stake in shares of lululemon athletica by 5.4% in the 1st quarter. Manhattan West Asset Management LLC now owns 724 shares of the apparel retailer’s stock worth $205,000 after buying an additional 37 shares in the last quarter. Horizon Investments LLC raised its position in lululemon athletica by 2.4% in the first quarter. Horizon Investments LLC now owns 1,610 shares of the apparel retailer’s stock worth $456,000 after acquiring an additional 38 shares in the last quarter. GM Advisory Group LLC lifted its holdings in lululemon athletica by 2.0% in the 1st quarter. GM Advisory Group LLC now owns 1,992 shares of the apparel retailer’s stock valued at $564,000 after acquiring an additional 40 shares during the last quarter. Hancock Whitney Corp boosted its position in shares of lululemon athletica by 4.6% during the 1st quarter. Hancock Whitney Corp now owns 951 shares of the apparel retailer’s stock valued at $269,000 after purchasing an additional 42 shares in the last quarter. Finally, Optimize Financial Inc grew its stake in shares of lululemon athletica by 2.3% in the 1st quarter. Optimize Financial Inc now owns 2,043 shares of the apparel retailer’s stock worth $578,000 after purchasing an additional 45 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.
lululemon athletica Trading Up 1.7%
NASDAQ:LULU opened at $167.41 on Friday. The business’s fifty day moving average price is $181.67 and its 200 day moving average price is $231.47. The firm has a market capitalization of $19.85 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 10.46 and a beta of 1.07. lululemon athletica inc. has a 1-year low of $159.25 and a 1-year high of $423.32.
Insiders Place Their Bets
In other lululemon athletica news, insider Nicole Neuburger sold 615 shares of the stock in a transaction that occurred 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 completion of the sale, the insider owned 8,993 shares in the company, valued at $1,600,754. This represents a 6.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.54% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms recently commented on LULU. Needham & Company LLC reissued a “hold” rating and set a $192.00 target price on shares of lululemon athletica in a research note on Thursday, September 25th. Citigroup cut their price objective on lululemon athletica from $220.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, September 5th. Jefferies Financial Group decreased their target price on lululemon athletica from $150.00 to $120.00 and set an “underperform” rating on the stock in a report on Monday, October 6th. Stifel Nicolaus reaffirmed a “hold” rating and set a $205.00 target price (down from $324.00) on shares of lululemon athletica in a report on Friday, September 5th. Finally, Sanford C. Bernstein cut lululemon athletica from an “outperform” rating to a “market perform” rating and set a $190.00 price target on the stock. in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twenty-seven have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $231.26.
Get Our Latest Analysis 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.
Read More
- Five stocks we like better than lululemon athletica
- Investing In Automotive Stocks
- Johnson & Johnson’s M&A Strategy Is the Real Story for Investors
- Value Investing: Is it a Good Strategy in 2022? (Hint: Always)
- Tesla: Some Analysts Are Calling for A 30% Drop—Time to Panic?
- Do ETFs Pay Dividends? What You Need to Know
- Hedge Funds Flip on the Dollar—A Buy Signal for These 3 Stocks?
Receive News & Ratings for lululemon athletica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for lululemon athletica and related companies with MarketBeat.com's FREE daily email newsletter.