Peterson Wealth Services lifted its holdings in shares of lululemon athletica inc. (NASDAQ:LULU – Free Report) by 14,595.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,050 shares of the apparel retailer’s stock after buying an additional 11,968 shares during the quarter. Peterson Wealth Services’ holdings in lululemon athletica were worth $2,504,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in LULU. Integrated Financial Solutions Inc. acquired a new stake in shares of lululemon athletica during the fourth quarter worth about $26,000. Murphy & Mullick Capital Management Corp boosted its stake in shares of lululemon athletica by 187.5% during the third quarter. Murphy & Mullick Capital Management Corp now owns 161 shares of the apparel retailer’s stock worth $27,000 after buying an additional 105 shares during the period. GoalVest Advisory LLC purchased a new stake in shares of lululemon athletica in the fourth quarter valued at about $27,000. Elyxium Wealth LLC purchased a new stake in shares of lululemon athletica in the fourth quarter valued at about $31,000. Finally, Aventura Private Wealth LLC purchased a new stake in shares of lululemon athletica in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 85.20% of the company’s stock.
lululemon athletica Trading Up 2.4%
LULU stock opened at $121.84 on Friday. The company has a market cap of $14.71 billion, a P/E ratio of 9.83, a P/E/G ratio of 3.78 and a beta of 0.87. lululemon athletica inc. has a 52 week low of $109.36 and a 52 week high of $252.24. The company’s 50-day moving average price is $138.86 and its 200 day moving average price is $168.71.
Analysts Set New Price Targets
Several analysts have recently weighed in on LULU shares. Needham & Company LLC reaffirmed a “hold” rating on shares of lululemon athletica in a report on Friday, June 5th. Stifel Nicolaus lowered their target price on shares of lululemon athletica from $176.00 to $134.00 and set a “hold” rating on the stock in a report on Friday, June 5th. BNP Paribas Exane downgraded shares of lululemon athletica from a “neutral” rating to an “underperform” rating and set a $88.00 target price on the stock. in a report on Friday, June 5th. Wells Fargo & Company lowered their target price on shares of lululemon athletica from $150.00 to $110.00 and set an “equal weight” rating on the stock in a report on Friday, June 5th. Finally, Weiss Ratings downgraded shares of lululemon athletica from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twenty-seven have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $154.26.
Read Our Latest Stock Report on lululemon athletica
lululemon athletica News Summary
Here are the key news stories impacting lululemon athletica this week:
- Positive Sentiment: Several articles highlighted Lululemon as a potentially undervalued stock, citing its low forward P/E and strong cash flow, which could support a re-rating if operations stabilize. Is lululemon athletica inc. (LULU) A Good Stock To Buy Now?
- Positive Sentiment: Optimistic coverage also pointed to Lululemon as one of the “best Canadian stocks” and noted continued investor interest after its earnings report, which may be helping sentiment. Lululemon Athletica (LULU): 10 Best Canadian Stocks to Invest In According to Billionaires
- Positive Sentiment: Management’s push to accelerate renewable energy across the Chinese supply chain aligns with the company’s Impact Agenda 2030 and may reinforce its sustainability credentials with long-term investors. Lululemon Accelerates Renewable Energy Across Its Chinese Supply Chain
Insider Buying and Selling
In related news, Director Charles V. Bergh acquired 6,090 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The shares were purchased at an average price of $164.20 per share, with a total value of $999,978.00. Following the completion of the acquisition, the director owned 6,090 shares in the company, valued at approximately $999,978. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nicole Neuburger sold 622 shares of the business’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $161.00, for a total transaction of $100,142.00. Following the sale, the insider directly owned 19,156 shares in the company, valued at approximately $3,084,116. This represents a 3.14% decrease in their position. The SEC filing for this sale provides additional information. 0.54% of the stock is owned by insiders.
lululemon athletica Company 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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