National Pension Service boosted its holdings in shares of lululemon athletica inc. (NASDAQ:LULU – Free Report) by 5.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 155,507 shares of the apparel retailer’s stock after purchasing an additional 7,465 shares during the quarter. National Pension Service’s holdings in lululemon athletica were worth $27,669,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its holdings in shares of lululemon athletica by 96.8% during the second quarter. Blue Trust Inc. now owns 124 shares of the apparel retailer’s stock worth $29,000 after buying an additional 61 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in lululemon athletica during the second quarter worth $30,000. Migdal Insurance & Financial Holdings Ltd. increased its position in lululemon athletica by 464.0% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 141 shares of the apparel retailer’s stock worth $34,000 after acquiring an additional 116 shares during the period. Tradewinds Capital Management LLC raised its stake in lululemon athletica by 18,400.0% during the 3rd quarter. Tradewinds Capital Management LLC now owns 185 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 184 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its holdings in lululemon athletica by 129.4% in the 3rd quarter. Golden State Wealth Management LLC now owns 195 shares of the apparel retailer’s stock valued at $35,000 after purchasing an additional 110 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.
lululemon athletica Trading Up 2.6%
LULU stock opened at $179.08 on Tuesday. lululemon athletica inc. has a 1-year low of $159.25 and a 1-year high of $417.91. The business’s 50 day moving average is $197.61 and its 200-day moving average is $188.27. The firm has a market cap of $21.01 billion, a P/E ratio of 12.41, a P/E/G ratio of 10.78 and a beta of 1.01.
Analyst Ratings Changes
Several research firms have recently issued reports on LULU. JPMorgan Chase & Co. boosted their price objective on shares of lululemon athletica from $203.00 to $209.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. Guggenheim began coverage on lululemon athletica in a research report on Wednesday, December 10th. They set a “neutral” rating on the stock. UBS Group set a $206.00 price target on lululemon athletica in a research note on Wednesday, December 31st. Robert W. Baird raised their price objective on lululemon athletica from $195.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on lululemon athletica in a report on Thursday, January 8th. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, thirty have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, lululemon athletica currently has a consensus rating of “Hold” and an average price target of $227.05.
View Our Latest Analysis on LULU
Insider Activity at lululemon athletica
In other news, insider Celeste Burgoyne sold 13,511 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $204.00, for a total value of $2,756,244.00. Following the sale, the insider owned 5,318 shares of the company’s stock, valued at approximately $1,084,872. This represents a 71.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.54% of the company’s stock.
lululemon athletica 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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