Rothschild Investment LLC lowered its holdings in lululemon athletica inc. (NASDAQ:LULU – Free Report) by 39.4% during the second quarter, HoldingsChannel.com reports. The fund owned 1,287 shares of the apparel retailer’s stock after selling 837 shares during the period. Rothschild Investment LLC’s holdings in lululemon athletica were worth $306,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of lululemon athletica by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 13,266,929 shares of the apparel retailer’s stock worth $3,755,337,000 after purchasing an additional 157,764 shares during the period. Price T Rowe Associates Inc. MD boosted its position in lululemon athletica by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,010,908 shares of the apparel retailer’s stock valued at $1,418,389,000 after purchasing an additional 162,295 shares during the period. Alliancebernstein L.P. boosted its position in lululemon athletica by 9.0% during the 1st 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 period. Geode Capital Management LLC grew its stake in lululemon athletica by 16.2% during the 2nd quarter. Geode Capital Management LLC now owns 2,960,387 shares of the apparel retailer’s stock worth $700,502,000 after buying an additional 413,062 shares during the last quarter. Finally, Flossbach Von Storch SE increased its position in lululemon athletica by 17.0% in the second quarter. Flossbach Von Storch SE now owns 1,640,217 shares of the apparel retailer’s stock worth $389,683,000 after buying an additional 238,332 shares during the period. 85.20% of the stock is currently owned by institutional investors and hedge funds.
lululemon athletica Trading Down 0.1%
lululemon athletica stock opened at $163.97 on Wednesday. lululemon athletica inc. has a 52 week low of $159.25 and a 52 week high of $423.32. The stock has a market cap of $19.44 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 10.64 and a beta of 1.07. The company’s 50-day moving average price is $170.82 and its two-hundred day moving average price is $216.94.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the company. HSBC cut lululemon athletica from a “buy” rating to a “hold” rating and set a $175.00 target price on the stock. in a research note on Thursday, September 11th. Baird R W downgraded shares of lululemon athletica from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Jefferies Financial Group reissued an “underperform” rating on shares of lululemon athletica in a research note on Monday, October 27th. Truist Financial lowered shares of lululemon athletica from a “buy” rating to a “hold” rating and set a $170.00 price target on the stock. in a research note on Friday, September 5th. Finally, JPMorgan Chase & Co. cut their price target on lululemon athletica from $224.00 to $191.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirty have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $227.68.
Check Out Our Latest Analysis on lululemon athletica
Insider Transactions at lululemon athletica
In other news, insider Nicole Neuburger sold 615 shares of lululemon athletica stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $178.00, for a total transaction of $109,470.00. Following the transaction, the insider directly owned 8,993 shares in the company, valued at approximately $1,600,754. This trade represents a 6.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.54% of the company’s stock.
About lululemon athletica
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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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).
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