W.G. Shaheen & Associates DBA Whitney & Co lifted its holdings in lululemon athletica inc. (NASDAQ:LULU – Free Report) by 88.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 27,766 shares of the apparel retailer’s stock after purchasing an additional 13,030 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in lululemon athletica were worth $4,940,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of LULU. Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its stake in lululemon athletica by 9.1% in the second quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 600 shares of the apparel retailer’s stock worth $143,000 after buying an additional 50 shares in the last quarter. Westside Investment Management Inc. increased its holdings in shares of lululemon athletica by 15.4% in the 2nd quarter. Westside Investment Management Inc. now owns 420 shares of the apparel retailer’s stock valued at $100,000 after acquiring an additional 56 shares during the period. Twin Capital Management Inc. raised its position in shares of lululemon athletica by 1.6% in the 2nd quarter. Twin Capital Management Inc. now owns 3,734 shares of the apparel retailer’s stock worth $887,000 after acquiring an additional 58 shares in the last quarter. MGO One Seven LLC lifted its stake in shares of lululemon athletica by 4.5% during the 3rd quarter. MGO One Seven LLC now owns 1,340 shares of the apparel retailer’s stock worth $238,000 after purchasing an additional 58 shares during the last quarter. Finally, Greenleaf Trust boosted its position in lululemon athletica by 2.7% during the third quarter. Greenleaf Trust now owns 2,319 shares of the apparel retailer’s stock valued at $413,000 after purchasing an additional 62 shares in the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.
lululemon athletica Price Performance
NASDAQ LULU opened at $176.42 on Tuesday. The company has a market cap of $20.70 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 11.11 and a beta of 1.01. The stock’s fifty day moving average price is $195.95 and its 200 day moving average price is $185.24. lululemon athletica inc. has a 1 year low of $159.25 and a 1 year high of $393.54.
Insider Buying and Selling
In other lululemon athletica news, insider Celeste Burgoyne sold 13,511 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $204.00, for a total transaction of $2,756,244.00. Following the completion of the transaction, the insider directly owned 5,318 shares of the company’s stock, valued at approximately $1,084,872. This trade represents a 71.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.54% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of brokerages have commented on LULU. Wells Fargo & Company boosted their target price on shares of lululemon athletica from $160.00 to $175.00 and gave the stock an “equal weight” rating in a report on Friday, December 12th. Zacks Research raised shares of lululemon athletica from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Jefferies Financial Group lowered their target price on shares of lululemon athletica from $200.00 to $185.00 and set a “hold” rating for the company in a research note on Friday, January 30th. Bank of America upped their price target on lululemon athletica from $185.00 to $220.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Finally, The Goldman Sachs Group increased their price objective on lululemon athletica from $180.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, thirty have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, lululemon athletica currently has a consensus rating of “Hold” and a consensus target price of $227.05.
Check Out Our Latest Stock Analysis on LULU
lululemon athletica Company Profile
lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.
Products are developed in-house and produced through a network of third-party manufacturers.
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