UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lowered its position in lululemon athletica inc. (NASDAQ:LULU – Free Report) by 0.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 929,530 shares of the apparel retailer’s stock after selling 5,389 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.77% of lululemon athletica worth $263,113,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. N.E.W. Advisory Services LLC bought a new position in lululemon athletica in the first quarter worth approximately $25,000. Cornerstone Planning Group LLC lifted its holdings in shares of lululemon athletica by 506.3% in the first quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer’s stock valued at $26,000 after purchasing an additional 81 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in shares of lululemon athletica in the first quarter valued at approximately $31,000. Garde Capital Inc. bought a new position in shares of lululemon athletica in the first quarter valued at approximately $35,000. Finally, CENTRAL TRUST Co lifted its holdings in shares of lululemon athletica by 154.9% in the first quarter. CENTRAL TRUST Co now owns 130 shares of the apparel retailer’s stock valued at $37,000 after purchasing an additional 79 shares in the last quarter. Institutional investors own 85.20% of the company’s stock.
lululemon athletica Trading Down 1.1%
Shares of lululemon athletica stock opened at $163.90 on Thursday. The business’s fifty day simple moving average is $208.01 and its 200 day simple moving average is $261.99. The firm has a market capitalization of $19.64 billion, a P/E ratio of 11.14, a price-to-earnings-growth ratio of 6.83 and a beta of 1.12. lululemon athletica inc. has a 12 month low of $162.80 and a 12 month high of $423.32.
Insider Transactions at lululemon athletica
In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the firm’s stock in a transaction on Friday, June 27th. The stock was sold at an average price of $235.69, for a total value of $6,375,178.81. Following the completion of the sale, the chief executive officer directly owned 110,564 shares of the company’s stock, valued at $26,058,829.16. This trade represents a 19.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.54% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. Telsey Advisory Group restated a “market perform” rating and issued a $200.00 target price (down previously from $360.00) on shares of lululemon athletica in a report on Friday, September 5th. Stifel Nicolaus restated a “hold” rating and issued a $205.00 target price (down previously from $324.00) on shares of lululemon athletica in a report on Friday, September 5th. Citigroup dropped their target price on lululemon athletica from $220.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. CICC Research restated a “market perform” rating and issued a $280.49 target price on shares of lululemon athletica in a report on Monday, June 9th. Finally, Piper Sandler dropped their target price on lululemon athletica from $200.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-one have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, lululemon athletica has a consensus rating of “Hold” and an average price target of $245.79.
Read 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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