Two Sigma Investments LP increased its position in Lululemon Athletica inc. (NASDAQ:LULU) by 144.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 464,138 shares of the apparel retailer’s stock after purchasing an additional 274,098 shares during the period. Two Sigma Investments LP owned 0.34% of Lululemon Athletica worth $36,477,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the company. Two Sigma Advisers LP lifted its holdings in shares of Lululemon Athletica by 113.9% in the 4th quarter. Two Sigma Advisers LP now owns 545,333 shares of the apparel retailer’s stock valued at $42,858,000 after purchasing an additional 290,411 shares during the last quarter. Ellington Management Group LLC purchased a new stake in Lululemon Athletica during the 4th quarter valued at approximately $1,147,000. Elephas Investment Management Ltd purchased a new stake in Lululemon Athletica during the 4th quarter valued at approximately $29,062,000. Stone Ridge Asset Management LLC purchased a new stake in Lululemon Athletica during the 4th quarter valued at approximately $1,051,000. Finally, Prime Capital Investment Advisors LLC purchased a new stake in Lululemon Athletica during the 4th quarter valued at approximately $2,892,000. 80.18% of the stock is owned by institutional investors and hedge funds.
In related news, major shareholder Dennis J. Wilson sold 722,134 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $77.47, for a total value of $55,943,720.98. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.29% of the stock is currently owned by corporate insiders.
Lululemon Athletica announced that its board has initiated a share repurchase plan on Wednesday, December 6th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the apparel retailer to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.
Several analysts have commented on the company. SunTrust Banks upped their price objective on Lululemon Athletica to $90.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. Zacks Investment Research downgraded Lululemon Athletica from a “hold” rating to a “sell” rating in a research note on Tuesday, November 28th. MKM Partners upped their price objective on Lululemon Athletica from $89.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Robert W. Baird reaffirmed an “in-line” rating and set a $82.00 price objective (up from $72.00) on shares of Lululemon Athletica in a research note on Thursday, December 7th. Finally, Needham & Company LLC upped their price objective on Lululemon Athletica from $79.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $75.03.
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Lululemon Athletica Profile
lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements.
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