Trillium Asset Management LLC cut its stake in lululemon athletica inc. (NASDAQ:LULU – Free Report) by 6.6% in the second quarter, Holdings Channel.com reports. The firm owned 106,512 shares of the apparel retailer’s stock after selling 7,501 shares during the quarter. Trillium Asset Management LLC’s holdings in lululemon athletica were worth $25,306,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in 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 acquiring an additional 157,764 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in lululemon athletica by 3.3% during the first 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 last quarter. Alliancebernstein L.P. boosted its position in lululemon athletica by 9.0% during the first 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 last quarter. Flossbach Von Storch SE boosted its holdings in shares of lululemon athletica by 10.3% in the 1st quarter. Flossbach Von Storch SE now owns 1,401,885 shares of the apparel retailer’s stock valued at $396,818,000 after buying an additional 130,565 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in lululemon athletica by 7.2% in the first quarter. Invesco Ltd. now owns 1,387,609 shares of the apparel retailer’s stock valued at $392,777,000 after acquiring an additional 93,530 shares during the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.
lululemon athletica Price Performance
Shares of NASDAQ:LULU opened at $160.66 on Wednesday. lululemon athletica inc. has a 1 year low of $159.25 and a 1 year high of $423.32. The stock has a market capitalization of $19.05 billion, a price-to-earnings ratio of 10.92, a price-to-earnings-growth ratio of 10.64 and a beta of 1.07. The company’s 50 day simple moving average is $175.72 and its 200 day simple moving average is $223.98.
Insider Activity
In other news, insider Nicole Neuburger sold 615 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $178.00, for a total value of $109,470.00. Following the completion of the transaction, the insider owned 8,993 shares of the company’s stock, valued at $1,600,754. This represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.54% of the stock is owned by corporate insiders.
Analyst Ratings Changes
LULU has been the subject of a number of recent analyst reports. Baird R W cut shares of lululemon athletica from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Barclays cut their target price on shares of lululemon athletica from $209.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, September 5th. Sanford C. Bernstein downgraded lululemon athletica from an “outperform” rating to a “market perform” rating and set a $190.00 price target for the company. in a report on Thursday, October 16th. Robert W. Baird reaffirmed a “neutral” rating and set a $195.00 price target (down previously from $225.00) on shares of lululemon athletica in a report on Tuesday, September 23rd. Finally, BNP Paribas Exane upgraded shares of lululemon athletica from an “underperform” rating to a “neutral” rating and set a $146.00 target price for the company in a research note on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twenty-nine have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, lululemon athletica currently has a consensus rating of “Hold” and a consensus price target of $228.42.
Get Our Latest Stock Analysis on lululemon athletica
lululemon athletica 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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