EP Wealth Advisors LLC lifted its stake in lululemon athletica inc. (NASDAQ:LULU – Free Report) by 10.0% in the first quarter, HoldingsChannel reports. The firm owned 2,585 shares of the apparel retailer’s stock after acquiring an additional 235 shares during the quarter. EP Wealth Advisors LLC’s holdings in lululemon athletica were worth $732,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. N.E.W. Advisory Services LLC acquired a new stake in lululemon athletica in the 1st quarter valued at about $25,000. Cornerstone Planning Group LLC increased its stake in shares of lululemon athletica by 506.3% during the first quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer’s stock worth $26,000 after buying an additional 81 shares during the period. Zions Bancorporation National Association UT acquired a new stake in lululemon athletica in the first quarter valued at approximately $31,000. Garde Capital Inc. purchased a new position in lululemon athletica in the first quarter worth approximately $35,000. Finally, CENTRAL TRUST Co lifted its stake in lululemon athletica by 154.9% in the first quarter. CENTRAL TRUST Co now owns 130 shares of the apparel retailer’s stock worth $37,000 after acquiring an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.
lululemon athletica Stock Performance
lululemon athletica stock opened at $167.80 on Friday. The company has a market capitalization of $20.11 billion, a P/E ratio of 11.41, a PEG ratio of 1.77 and a beta of 1.12. lululemon athletica inc. has a fifty-two week low of $163.98 and a fifty-two week high of $423.32. The stock has a 50-day simple moving average of $212.64 and a 200-day simple moving average of $266.09.
Insider Transactions at lululemon athletica
In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the business’s stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the transaction, the chief executive officer owned 110,564 shares in the company, valued at approximately $26,058,829.16. The trade was a 19.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.54% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
LULU has been the topic of a number of analyst reports. Stifel Nicolaus restated a “hold” rating and issued a $205.00 price objective (down from $324.00) on shares of lululemon athletica in a report on Friday. William Blair cut lululemon athletica from an “outperform” rating to a “market perform” rating in a research note on Friday. CICC Research reaffirmed a “market perform” rating and set a $280.49 price target on shares of lululemon athletica in a report on Monday, June 9th. JPMorgan Chase & Co. lowered their price objective on lululemon athletica from $224.00 to $191.00 and set a “neutral” rating for the company in a research report on Friday. Finally, TD Securities cut their target price on lululemon athletica from $298.00 to $220.00 and set a “buy” rating on the stock in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twenty have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $245.79.
Read Our Latest Report on LULU
lululemon athletica Company 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.
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