Handelsbanken Fonder AB boosted its stake in shares of lululemon athletica inc. (NASDAQ:LULU – Free Report) by 27.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 86,446 shares of the apparel retailer’s stock after buying an additional 18,390 shares during the period. Handelsbanken Fonder AB’s holdings in lululemon athletica were worth $9,870,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Uniplan Investment Counsel Inc. acquired a new stake in shares of lululemon athletica in the 4th quarter worth $26,000. Elyxium Wealth LLC acquired a new position in shares of lululemon athletica during the 4th quarter valued at about $31,000. DV Equities LLC purchased a new stake in shares of lululemon athletica in the fourth quarter valued at about $31,000. GW&K Investment Management LLC grew its holdings in shares of lululemon athletica by 70.3% in the fourth quarter. GW&K Investment Management LLC now owns 189 shares of the apparel retailer’s stock valued at $39,000 after purchasing an additional 78 shares during the period. Finally, Rexford Capital Inc. acquired a new stake in lululemon athletica during the first quarter worth about $31,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.
lululemon athletica Trading Down 1.1%
Shares of NASDAQ LULU opened at $119.56 on Friday. The stock has a market capitalization of $14.19 billion, a PE ratio of 9.65, a PEG ratio of 3.96 and a beta of 0.86. lululemon athletica inc. has a twelve month low of $104.44 and a twelve month high of $225.98. The stock has a fifty day simple moving average of $117.46 and a 200-day simple moving average of $142.76.
Insider Activity at lululemon athletica
In other lululemon athletica news, Director Charles V. Bergh acquired 4,275 shares of the stock in a transaction dated Monday, June 15th. The stock was acquired at an average price of $117.05 per share, with a total value of $500,388.75. Following the completion of the purchase, the director owned 10,365 shares in the company, valued at $1,213,223.25. This trade represents a 70.20% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.54% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on LULU shares. Zacks Research downgraded shares of lululemon athletica from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 10th. UBS Group cut their price target on shares of lululemon athletica from $153.00 to $124.00 and set a “neutral” rating for the company in a report on Sunday, June 7th. Robert W. Baird reduced their price target on shares of lululemon athletica from $170.00 to $140.00 and set a “neutral” rating on the stock in a research report on Friday, June 5th. Barclays decreased their price objective on lululemon athletica from $161.00 to $113.00 and set an “equal weight” rating on the stock in a report on Friday, June 5th. Finally, JPMorgan Chase & Co. increased their price objective on lululemon athletica from $149.00 to $154.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twenty-four have issued a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $148.54.
View Our Latest Stock Report on LULU
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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