209 Shares in Lululemon Athletica inc. (LULU) Acquired by Semmax Financial Advisors Inc.

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Semmax Financial Advisors Inc. acquired a new stake in shares of Lululemon Athletica inc. (NASDAQ:LULU) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 209 shares of the apparel retailer’s stock, valued at approximately $25,000.

Other large investors have also added to or reduced their stakes in the company. Piedmont Investment Advisors Inc. lifted its holdings in shares of Lululemon Athletica by 42.9% during the 3rd quarter. Piedmont Investment Advisors Inc. now owns 9,971 shares of the apparel retailer’s stock valued at $1,620,000 after purchasing an additional 2,993 shares in the last quarter. Optimum Investment Advisors lifted its holdings in shares of Lululemon Athletica by 2,052.2% during the 4th quarter. Optimum Investment Advisors now owns 1,442 shares of the apparel retailer’s stock valued at $175,000 after purchasing an additional 1,375 shares in the last quarter. Jennison Associates LLC bought a new position in shares of Lululemon Athletica during the 4th quarter valued at about $314,834,000. Meeder Asset Management Inc. lifted its holdings in shares of Lululemon Athletica by 9.2% during the 4th quarter. Meeder Asset Management Inc. now owns 8,070 shares of the apparel retailer’s stock valued at $981,000 after purchasing an additional 680 shares in the last quarter. Finally, Gateway Investment Advisers LLC lifted its holdings in shares of Lululemon Athletica by 60.3% during the 4th quarter. Gateway Investment Advisers LLC now owns 115,386 shares of the apparel retailer’s stock valued at $14,032,000 after purchasing an additional 43,389 shares in the last quarter. Institutional investors and hedge funds own 78.47% of the company’s stock.

In other news, major shareholder Dennis J. Wilson sold 244,539 shares of the company’s stock in a transaction that occurred on Monday, January 28th. The stock was sold at an average price of $149.83, for a total transaction of $36,639,278.37. Following the sale, the insider now owns 3,852 shares in the company, valued at approximately $577,145.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Dennis J. Wilson sold 444,389 shares of the company’s stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $140.39, for a total value of $62,387,771.71. Following the sale, the insider now owns 3,852 shares in the company, valued at approximately $540,782.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,914,928 shares of company stock worth $414,622,960. Company insiders own 0.32% of the company’s stock.

Several equities analysts have recently weighed in on the company. BidaskClub cut Lululemon Athletica from a “hold” rating to a “sell” rating in a report on Friday. Nomura reiterated a “neutral” rating and set a $157.00 price objective (up previously from $140.00) on shares of Lululemon Athletica in a report on Tuesday, February 19th. They noted that the move was a valuation call. MKM Partners lifted their price objective on Lululemon Athletica from $177.00 to $179.00 and gave the company a “buy” rating in a report on Wednesday, January 16th. Wolfe Research reiterated an “outperform” rating and set a $182.00 price objective (up previously from $177.00) on shares of Lululemon Athletica in a report on Tuesday, January 15th. Finally, Buckingham Research upgraded Lululemon Athletica from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $160.94.

Shares of Lululemon Athletica stock opened at $144.18 on Friday. Lululemon Athletica inc. has a 12-month low of $77.97 and a 12-month high of $164.79. The company has a market cap of $19.07 billion, a PE ratio of 55.67, a P/E/G ratio of 1.72 and a beta of 0.51.

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Lululemon Athletica Company Profile

lululemon athletica inc., an athletic apparel company, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.

Further Reading: What is an Initial Public Offering (IPO)?

Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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