RWWM Inc. purchased a new stake in lululemon athletica inc. (NASDAQ:LULU – Free Report) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 73,385 shares of the apparel retailer’s stock, valued at approximately $11,235,000. lululemon athletica comprises approximately 0.8% of RWWM Inc.’s holdings, making the stock its 16th largest holding.
A number of other large investors have also recently added to or reduced their stakes in the stock. Integrated Financial Solutions Inc. bought a new stake in shares of lululemon athletica in the 4th quarter worth about $26,000. Uniplan Investment Counsel Inc. acquired a new position in lululemon athletica in the fourth quarter worth about $26,000. GoalVest Advisory LLC acquired a new position in lululemon athletica in the fourth quarter worth about $27,000. Elyxium Wealth LLC bought a new stake in lululemon athletica in the fourth quarter valued at about $31,000. Finally, DV Equities LLC acquired a new stake in lululemon athletica during the fourth quarter valued at approximately $31,000. 85.20% of the stock is currently owned by institutional investors.
lululemon athletica Price Performance
NASDAQ:LULU opened at $117.32 on Wednesday. The firm has a market capitalization of $13.92 billion, a P/E ratio of 9.47, a P/E/G ratio of 3.89 and a beta of 0.88. The business has a 50 day simple moving average of $120.44 and a 200 day simple moving average of $156.03. lululemon athletica inc. has a 12-month low of $104.44 and a 12-month high of $233.75.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the company. UBS Group reduced their target price on lululemon athletica from $153.00 to $124.00 and set a “neutral” rating on the stock in a report on Sunday, June 7th. Bank of America lowered their price target on lululemon athletica from $175.00 to $140.00 and set a “neutral” rating for the company in a report on Friday, June 5th. The Goldman Sachs Group reduced their price objective on lululemon athletica from $177.00 to $122.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. Truist Financial decreased their price objective on shares of lululemon athletica from $135.00 to $115.00 and set a “hold” rating for the company in a report on Friday, June 5th. Finally, BTIG Research lowered shares of lululemon athletica from a “buy” rating to a “neutral” rating in a research note on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twenty-five have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $149.35.
Get Our Latest Research Report on lululemon athletica
Insider Activity at lululemon athletica
In other news, Director Charles V. Bergh acquired 4,275 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were acquired at an average price of $117.05 per share, with a total value of $500,388.75. Following the acquisition, the director directly owned 10,365 shares in the company, valued at approximately $1,213,223.25. The trade was a 70.20% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company’s stock.
About lululemon athletica
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.
Recommended Stories
- Five stocks we like better than lululemon athletica
- Why Fastenal’s Latest Drop Could Be Its Biggest Opportunity Yet
- 3 Overlooked Energy ETFs Delivering Strong Returns and Income
- 3 Space Stocks That Could Outshine SpaceX After Its IPO
- JPMorgan’s Q2 Strength Gives the Stock Rally New Support
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.
