Cerity Partners LLC Raises Position in lululemon athletica inc. $LULU

Cerity Partners LLC boosted its position in lululemon athletica inc. (NASDAQ:LULU) by 59.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,206 shares of the apparel retailer’s stock after purchasing an additional 18,656 shares during the period. Cerity Partners LLC’s holdings in lululemon athletica were worth $11,928,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in shares of lululemon athletica in the second quarter valued at $217,344,000. T. Rowe Price Investment Management Inc. increased its holdings in lululemon athletica by 151.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 770,336 shares of the apparel retailer’s stock worth $218,052,000 after acquiring an additional 464,186 shares during the last quarter. Nuveen LLC purchased a new stake in lululemon athletica in the 1st quarter worth about $123,894,000. Geode Capital Management LLC raised its stake in lululemon athletica by 16.2% in the 2nd quarter. Geode Capital Management LLC now owns 2,960,387 shares of the apparel retailer’s stock valued at $700,502,000 after acquiring an additional 413,062 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in lululemon athletica by 9.0% during the first quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer’s stock valued at $1,356,507,000 after purchasing an additional 394,706 shares during the last quarter. 85.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LULU. Morgan Stanley cut their target price on shares of lululemon athletica from $223.00 to $185.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 30th. UBS Group reduced their price objective on shares of lululemon athletica from $185.00 to $183.00 and set a “neutral” rating for the company in a research note on Monday, November 17th. Wells Fargo & Company lowered their target price on shares of lululemon athletica from $205.00 to $160.00 and set an “equal weight” rating on the stock in a report on Friday, September 5th. Sanford C. Bernstein lowered lululemon athletica from an “outperform” rating to a “market perform” rating and set a $190.00 price target for the company. in a report on Thursday, October 16th. Finally, KeyCorp cut lululemon athletica from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirty have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $214.98.

lululemon athletica Stock Performance

lululemon athletica stock opened at $187.62 on Thursday. The stock has a market cap of $22.25 billion, a P/E ratio of 12.75, a PEG ratio of 11.39 and a beta of 1.01. lululemon athletica inc. has a fifty-two week low of $159.25 and a fifty-two week high of $423.32. The firm’s fifty day moving average price is $173.72 and its 200-day moving average price is $203.61.

Insider Activity

In other news, insider Nicole Neuburger sold 615 shares of the business’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $178.00, for a total transaction of $109,470.00. Following the completion of the transaction, the insider owned 8,993 shares of the company’s stock, valued at approximately $1,600,754. The trade was a 6.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.54% of the company’s stock.

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.