Raymond James & Associates Raises Holdings in Lululemon Athletica inc. (LULU)

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Raymond James & Associates boosted its holdings in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 65.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 60,225 shares of the apparel retailer’s stock after purchasing an additional 23,788 shares during the period. Raymond James & Associates’ holdings in Lululemon Athletica were worth $7,324,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. AdvisorNet Financial Inc boosted its holdings in shares of Lululemon Athletica by 70.8% in the fourth quarter. AdvisorNet Financial Inc now owns 205 shares of the apparel retailer’s stock valued at $25,000 after acquiring an additional 85 shares in the last quarter. DNB Asset Management AS boosted its holdings in shares of Lululemon Athletica by 0.9% in the fourth quarter. DNB Asset Management AS now owns 11,137 shares of the apparel retailer’s stock valued at $1,354,000 after acquiring an additional 100 shares in the last quarter. First Mercantile Trust Co. boosted its holdings in shares of Lululemon Athletica by 2.6% in the fourth quarter. First Mercantile Trust Co. now owns 3,900 shares of the apparel retailer’s stock valued at $474,000 after acquiring an additional 100 shares in the last quarter. Telemus Capital LLC boosted its holdings in shares of Lululemon Athletica by 1.2% in the fourth quarter. Telemus Capital LLC now owns 10,124 shares of the apparel retailer’s stock valued at $1,231,000 after acquiring an additional 119 shares in the last quarter. Finally, Whittier Trust Co. boosted its holdings in shares of Lululemon Athletica by 76.4% in the fourth quarter. Whittier Trust Co. now owns 388 shares of the apparel retailer’s stock valued at $47,000 after acquiring an additional 168 shares in the last quarter. 78.47% of the stock is currently owned by institutional investors.

LULU has been the topic of several analyst reports. Cowen set a $185.00 target price on shares of Lululemon Athletica and gave the company a “buy” rating in a report on Tuesday, December 11th. MKM Partners set a $177.00 target price on shares of Lululemon Athletica and gave the company a “buy” rating in a report on Sunday, December 9th. Guggenheim reaffirmed a “buy” rating and issued a $165.00 target price on shares of Lululemon Athletica in a report on Thursday, December 6th. ValuEngine downgraded shares of Lululemon Athletica from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 21st. Finally, Canaccord Genuity set a $161.00 target price on shares of Lululemon Athletica and gave the company a “buy” rating in a report on Saturday, December 8th. Eight investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $160.94.

In related news, major shareholder Dennis J. Wilson sold 1,379,000 shares of the business’s stock in a transaction dated Wednesday, January 30th. The shares were sold at an average price of $145.00, for a total transaction of $199,955,000.00. Following the sale, the insider now owns 3,852 shares of the company’s stock, valued at $558,540. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Dennis J. Wilson sold 244,539 shares of the business’s stock in a transaction dated Monday, January 28th. The stock was sold at an average price of $149.83, for a total transaction of $36,639,278.37. Following the sale, the insider now directly owns 3,852 shares in the company, valued at approximately $577,145.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,914,928 shares of company stock worth $414,622,960. 0.32% of the stock is owned by insiders.

LULU stock opened at $145.41 on Thursday. The stock has a market cap of $19.30 billion, a P/E ratio of 56.14, a P/E/G ratio of 1.72 and a beta of 0.51. Lululemon Athletica inc. has a 52 week low of $77.97 and a 52 week high of $164.79.

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Lululemon Athletica Company Profile

lululemon athletica inc., an athletic apparel company, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.

Read More: Diversification For Individual Investors

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Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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