Thor Investment Management Inc. OH ADV lowered its position in lululemon athletica inc. (NASDAQ:LULU – Free Report) by 27.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,003 shares of the apparel retailer’s stock after selling 6,041 shares during the quarter. lululemon athletica accounts for approximately 0.9% of Thor Investment Management Inc. OH ADV’s holdings, making the stock its 25th biggest holding. Thor Investment Management Inc. OH ADV’s holdings in lululemon athletica were worth $1,539,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the company. Avior Wealth Management LLC purchased a new stake in shares of lululemon athletica in the third quarter valued at about $247,000. Avaii Wealth Management LLC purchased a new position in shares of lululemon athletica during the 3rd quarter worth approximately $324,000. First Heartland Consultants Inc. increased its stake in shares of lululemon athletica by 87.2% during the 3rd quarter. First Heartland Consultants Inc. now owns 12,925 shares of the apparel retailer’s stock worth $1,243,000 after purchasing an additional 6,022 shares in the last quarter. GAMMA Investing LLC raised its position in shares of lululemon athletica by 85.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,819 shares of the apparel retailer’s stock worth $271,000 after purchasing an additional 1,298 shares during the last quarter. Finally, Invariant Investment Management raised its position in shares of lululemon athletica by 16.2% during the 3rd quarter. Invariant Investment Management now owns 7,477 shares of the apparel retailer’s stock worth $706,000 after purchasing an additional 1,045 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.
lululemon athletica Stock Performance
Shares of NASDAQ:LULU traded down $0.32 during midday trading on Tuesday, hitting $94.34. 2,759,479 shares of the company’s stock traded hands, compared to its average volume of 3,684,187. The company has a market cap of $10.93 billion, a PE ratio of 7.73, a P/E/G ratio of 2.25 and a beta of 0.92. The firm’s fifty day moving average price is $107.91 and its two-hundred day moving average price is $122.14. lululemon athletica inc. has a twelve month low of $90.38 and a twelve month high of $225.98.
Analyst Ratings Changes
A number of equities research analysts have commented on the company. Truist Financial reiterated a “sell” rating and set a $82.00 target price (down from $94.00) on shares of lululemon athletica in a report on Friday, September 4th. Telsey Advisory Group cut their price target on lululemon athletica from $122.00 to $110.00 and set a “market perform” rating for the company in a report on Friday, September 4th. Citigroup cut their price target on lululemon athletica from $130.00 to $117.00 and set a “neutral” rating for the company in a report on Wednesday, September 9th. Guggenheim restated a “neutral” rating on shares of lululemon athletica in a research report on Friday, September 4th. Finally, Needham & Company LLC restated a “hold” rating on shares of lululemon athletica in a report on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Hold rating and seven have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $106.86.
Check Out Our Latest Research Report on LULU
lululemon athletica Company Profile
lululemon athletica inc. is a Canada-based athletic apparel, footwear and accessories company known for products designed for yoga, running, training, tennis and other active pursuits. Its offerings include leggings, shorts, tops, jackets, sports bras, footwear, bags and related accessories for women and men.
Founded in Vancouver, British Columbia, in 1998, lululemon began as a yoga-focused apparel retailer and has expanded into a broader global athletic and lifestyle brand. The company sells products through its own retail stores, e-commerce platforms and selected wholesale channels.
lululemon serves customers across North America, Asia-Pacific, Europe and other international markets.
Featured Articles
- Five stocks we like better than lululemon athletica
- A Chinese Rival Just Spooked Memory Stocks—How Worried Should Micron Investors Be?
- Could T-Mobile’s Satellite Competition Fears Create a Buying Opportunity?
- Surgical Precision, Sustainable Returns: Johnson & Johnson Secures Its Cash Flow Runway
- Tesla’s Robotaxi Lands in Paris—But Europe’s Real Fight Is Over Cheap EVs
Want to see what other hedge funds are holding LULU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for lululemon athletica inc. (NASDAQ:LULU – Free Report).
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.
