Aurora Investment Counsel raised its stake in lululemon athletica inc. (NASDAQ:LULU – Free Report) by 90.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,788 shares of the apparel retailer’s stock after purchasing an additional 2,748 shares during the quarter. Aurora Investment Counsel’s holdings in lululemon athletica were worth $1,375,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in lululemon athletica by 1.2% in the first quarter. Vanguard Group Inc. now owns 13,266,929 shares of the apparel retailer’s stock valued at $3,755,337,000 after purchasing an additional 157,764 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in lululemon athletica by 3.3% in the first 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 in the last quarter. Alliancebernstein L.P. boosted its stake in shares of lululemon athletica by 9.0% during the 1st quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer’s stock worth $1,356,507,000 after acquiring an additional 394,706 shares during the period. Flossbach Von Storch SE boosted its stake in shares of lululemon athletica by 10.3% during the 1st quarter. Flossbach Von Storch SE now owns 1,401,885 shares of the apparel retailer’s stock worth $396,818,000 after acquiring an additional 130,565 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of lululemon athletica by 7.2% during the 1st quarter. Invesco Ltd. now owns 1,387,609 shares of the apparel retailer’s stock worth $392,777,000 after acquiring an additional 93,530 shares during the period. 85.20% of the stock is currently owned by institutional investors.
lululemon athletica Price Performance
Shares of NASDAQ LULU opened at $172.43 on Tuesday. The business has a fifty day moving average price of $181.39 and a two-hundred day moving average price of $230.66. The stock has a market capitalization of $20.45 billion, a PE ratio of 11.72, a P/E/G ratio of 10.46 and a beta of 1.07. lululemon athletica inc. has a fifty-two week low of $159.25 and a fifty-two week high of $423.32.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on LULU. KeyCorp downgraded lululemon athletica from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, September 9th. Truist Financial downgraded lululemon athletica from a “buy” rating to a “hold” rating and set a $170.00 target price for the company. in a research note on Friday, September 5th. Robert W. Baird reiterated a “neutral” rating and set a $195.00 target price (down from $225.00) on shares of lululemon athletica in a research note on Tuesday, September 23rd. Citigroup reduced their target price on lululemon athletica from $220.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, September 5th. Finally, HSBC downgraded lululemon athletica from a “buy” rating to a “hold” rating and set a $175.00 target price for the company. in a research note on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twenty-eight have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $228.42.
Check Out Our Latest Research Report on lululemon athletica
Insider Activity
In related 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 transaction of $109,470.00. Following the sale, the insider owned 8,993 shares in the company, valued at approximately $1,600,754. This trade represents a 6.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.54% of the company’s stock.
About lululemon athletica
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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