W.G. Shaheen & Associates DBA Whitney & Co lifted its position in shares of  lululemon athletica inc. (NASDAQ:LULU – Free Report) by 2.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 14,736 shares of the apparel retailer’s stock after acquiring an additional 369 shares during the quarter. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in lululemon athletica were worth $3,501,000 at the end of the most recent quarter. 
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Manhattan West Asset Management LLC grew its stake in shares of lululemon athletica by 5.4% during the 1st quarter. Manhattan West Asset Management LLC now owns 724 shares of the apparel retailer’s stock worth $205,000 after acquiring an additional 37 shares during the period. Horizon Investments LLC boosted its stake in lululemon athletica by 2.4% in the 1st quarter. Horizon Investments LLC now owns 1,610 shares of the apparel retailer’s stock worth $456,000 after purchasing an additional 38 shares during the period. GM Advisory Group LLC boosted its stake 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 worth $564,000 after purchasing an additional 40 shares during the period. Hancock Whitney Corp boosted its stake in lululemon athletica by 4.6% in the 1st quarter. Hancock Whitney Corp now owns 951 shares of the apparel retailer’s stock worth $269,000 after purchasing an additional 42 shares during the period. Finally, Optimize Financial Inc boosted its stake in 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 period. Institutional investors own 85.20% of the company’s stock.
lululemon athletica Trading Up 1.5%
Shares of NASDAQ LULU opened at $170.54 on Monday. The stock has a market cap of $20.22 billion, a price-to-earnings ratio of 11.59, a P/E/G ratio of 10.64 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. The stock’s 50-day moving average is $177.29 and its 200 day moving average is $225.22.
Insider Transactions at lululemon athletica
In related news, insider Nicole Neuburger sold 615 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $178.00, for a total transaction of $109,470.00. Following the transaction, the insider directly owned 8,993 shares in the company, valued at $1,600,754. This trade represents a 6.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several research analysts have commented on LULU shares. Rothschild & Co Redburn cut their target price on lululemon athletica from $230.00 to $160.00 and set a “sell” rating for the company in a research note on Friday, September 12th. BNP Paribas Exane raised lululemon athletica from an “underperform” rating to a “neutral” rating and set a $146.00 price target on the stock in a report on Monday, October 20th. William Blair cut lululemon athletica from an “outperform” rating to a “market perform” rating in a report on Friday, September 5th. HSBC cut lululemon athletica from a “buy” rating to a “hold” rating and set a $175.00 price target on the stock. in a report on Thursday, September 11th. Finally, Zacks Research cut lululemon athletica from a “hold” rating to a “strong sell” rating in a report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twenty-nine have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, lululemon athletica currently has a consensus rating of “Hold” and a consensus price target of $228.42.
Check Out Our Latest Analysis on LULU
lululemon athletica 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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