UniSuper Management Pty Ltd increased its stake in lululemon athletica inc. (NASDAQ:LULU – Free Report) by 39.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,145 shares of the apparel retailer’s stock after buying an additional 4,555 shares during the quarter. UniSuper Management Pty Ltd’s holdings in lululemon athletica were worth $2,873,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of LULU. Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its position in lululemon athletica by 9.1% in the second quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 600 shares of the apparel retailer’s stock valued at $143,000 after acquiring an additional 50 shares in the last quarter. Westside Investment Management Inc. grew its holdings in lululemon athletica by 15.4% during the 2nd quarter. Westside Investment Management Inc. now owns 420 shares of the apparel retailer’s stock valued at $100,000 after purchasing an additional 56 shares in the last quarter. Twin Capital Management Inc. lifted its holdings in lululemon athletica by 1.6% in the 2nd quarter. Twin Capital Management Inc. now owns 3,734 shares of the apparel retailer’s stock worth $887,000 after buying an additional 58 shares in the last quarter. MGO One Seven LLC boosted its position in lululemon athletica by 4.5% in the 3rd quarter. MGO One Seven LLC now owns 1,340 shares of the apparel retailer’s stock valued at $238,000 after buying an additional 58 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of lululemon athletica by 96.8% during the second quarter. Blue Trust Inc. now owns 124 shares of the apparel retailer’s stock valued at $29,000 after acquiring an additional 61 shares in the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.
lululemon athletica Stock Up 0.9%
Shares of NASDAQ:LULU opened at $192.79 on Tuesday. The company has a market cap of $22.62 billion, a PE ratio of 13.36, a P/E/G ratio of 11.80 and a beta of 1.01. lululemon athletica inc. has a fifty-two week low of $159.25 and a fifty-two week high of $423.32. The firm has a 50-day simple moving average of $196.40 and a 200 day simple moving average of $190.06.
Insider Buying and Selling
In other lululemon athletica news, insider Celeste Burgoyne sold 13,511 shares of the stock in a transaction 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 sale, the insider directly owned 5,318 shares of the company’s stock, valued at $1,084,872. This trade represents a 71.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of research analysts recently commented on the company. The Goldman Sachs Group increased their price target on lululemon athletica from $180.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Telsey Advisory Group restated a “market perform” rating and issued a $215.00 price target on shares of lululemon athletica in a research note on Monday. BTIG Research reiterated a “buy” rating on shares of lululemon athletica in a research note on Thursday. Zacks Research upgraded shares of lululemon athletica from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, UBS Group set a $206.00 price objective on lululemon athletica in a report on Wednesday, December 31st. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, thirty have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $227.57.
View Our Latest Stock Report on LULU
About lululemon athletica
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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