Rathbones Group PLC lessened its position in shares of lululemon athletica inc. (NASDAQ:LULU – Free Report) by 58.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 5,157 shares of the apparel retailer’s stock after selling 7,376 shares during the quarter. Rathbones Group PLC’s holdings in lululemon athletica were worth $918,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC lifted its position in lululemon athletica by 81.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 151 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 68 shares during the period. Murphy & Mullick Capital Management Corp boosted its stake in shares of lululemon athletica by 187.5% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 161 shares of the apparel retailer’s stock valued at $27,000 after purchasing an additional 105 shares during the last quarter. Tradewinds Capital Management LLC grew its position in shares of lululemon athletica by 18,400.0% during the 3rd quarter. Tradewinds Capital Management LLC now owns 185 shares of the apparel retailer’s stock worth $33,000 after buying an additional 184 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of lululemon athletica by 464.0% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 141 shares of the apparel retailer’s stock worth $34,000 after buying an additional 116 shares during the last quarter. Finally, Golden State Wealth Management LLC raised its stake in shares of lululemon athletica by 129.4% during the third quarter. Golden State Wealth Management LLC now owns 195 shares of the apparel retailer’s stock worth $35,000 after buying an additional 110 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.
lululemon athletica Stock Down 0.2%
LULU opened at $169.77 on Tuesday. The stock has a market cap of $19.92 billion, a P/E ratio of 11.77, a P/E/G ratio of 10.71 and a beta of 1.00. lululemon athletica inc. has a 12 month low of $159.25 and a 12 month high of $348.50. The company has a fifty day simple moving average of $188.02 and a 200 day simple moving average of $183.45.
Insider Buying and Selling at lululemon athletica
In related news, insider Celeste Burgoyne sold 13,511 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $204.00, for a total value of $2,756,244.00. Following the completion of the transaction, the insider directly owned 5,318 shares in the company, valued at approximately $1,084,872. The trade was a 71.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.54% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on LULU. Citigroup raised their price objective on shares of lululemon athletica from $190.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Barclays raised their price target on lululemon athletica from $180.00 to $189.00 and gave the stock an “equal weight” rating in a research report on Friday, December 12th. Robert W. Baird upped their price objective on lululemon athletica from $195.00 to $210.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Evercore increased their target price on lululemon athletica from $180.00 to $215.00 in a research note on Friday, December 12th. Finally, Raymond James Financial restated a “strong-buy” rating on shares of lululemon athletica in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, thirty have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, lululemon athletica currently has an average rating of “Hold” and a consensus price target of $225.78.
Read Our Latest Analysis on LULU
lululemon athletica Profile
lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.
Products are developed in-house and produced through a network of third-party manufacturers.
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