Alliancebernstein L.P. grew its position in Lululemon Athletica inc. (NASDAQ:LULU) by 311.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 691,777 shares of the apparel retailer’s stock after purchasing an additional 523,653 shares during the quarter. Alliancebernstein L.P.’s holdings in Lululemon Athletica were worth $54,367,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Lululemon Athletica by 702.6% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,525 shares of the apparel retailer’s stock worth $120,000 after acquiring an additional 1,335 shares in the last quarter. Zions Bancorporation increased its position in shares of Lululemon Athletica by 183.2% during the third quarter. Zions Bancorporation now owns 2,096 shares of the apparel retailer’s stock worth $130,000 after acquiring an additional 1,356 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in shares of Lululemon Athletica during the third quarter worth $156,000. Gilder Gagnon Howe & Co. LLC bought a new stake in shares of Lululemon Athletica during the fourth quarter worth $171,000. Finally, American International Group Inc. bought a new stake in shares of Lululemon Athletica during the fourth quarter worth $180,000. Institutional investors own 80.18% of the company’s stock.
Lululemon Athletica inc. (NASDAQ:LULU) opened at $80.33 on Tuesday. Lululemon Athletica inc. has a 12-month low of $47.26 and a 12-month high of $83.98. The company has a market cap of $10,880.00, a PE ratio of 39.97, a PEG ratio of 2.08 and a beta of 0.22.
LULU has been the subject of several research reports. Zacks Investment Research downgraded shares of Lululemon Athletica from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Stifel Nicolaus reissued a “hold” rating on shares of Lululemon Athletica in a research report on Tuesday, January 9th. BidaskClub raised shares of Lululemon Athletica from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 27th. Canaccord Genuity set a $43.00 price objective on shares of Lululemon Athletica and gave the stock a “sell” rating in a research report on Tuesday, December 5th. Finally, Cowen set a $90.00 price objective on shares of Lululemon Athletica and gave the stock a “buy” rating in a research report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $75.03.
In other news, major shareholder Dennis J. Wilson sold 722,134 shares of Lululemon Athletica stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $77.47, for a total value of $55,943,720.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.29% of the company’s stock.
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About Lululemon Athletica
lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements.
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