Swiss National Bank increased its holdings in shares of lululemon athletica inc. (NASDAQ:LULU – Free Report) by 5.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 312,800 shares of the apparel retailer’s stock after acquiring an additional 17,400 shares during the period. Swiss National Bank’s holdings in lululemon athletica were worth $47,890,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. NorthRock Partners LLC raised its holdings in lululemon athletica by 4.2% in the 3rd quarter. NorthRock Partners LLC now owns 1,553 shares of the apparel retailer’s stock worth $276,000 after purchasing an additional 62 shares during the period. Murphy & Mullick Capital Management Corp lifted its stake in shares of lululemon athletica by 4.3% in the first quarter. Murphy & Mullick Capital Management Corp now owns 1,578 shares of the apparel retailer’s stock worth $242,000 after buying an additional 65 shares in the last quarter. IHT Wealth Management LLC lifted its stake in shares of lululemon athletica by 1.7% in the second quarter. IHT Wealth Management LLC now owns 4,276 shares of the apparel retailer’s stock worth $1,016,000 after buying an additional 73 shares in the last quarter. Capital Advisors Ltd. LLC boosted its position in lululemon athletica by 27.4% during the fourth quarter. Capital Advisors Ltd. LLC now owns 363 shares of the apparel retailer’s stock worth $75,000 after acquiring an additional 78 shares during the last quarter. Finally, GW&K Investment Management LLC boosted its position in lululemon athletica by 70.3% during the fourth quarter. GW&K Investment Management LLC now owns 189 shares of the apparel retailer’s stock worth $39,000 after acquiring an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.
lululemon athletica Stock Down 2.8%
Shares of LULU opened at $113.37 on Thursday. The company has a market cap of $13.45 billion, a P/E ratio of 9.15, a PEG ratio of 3.82 and a beta of 0.88. lululemon athletica inc. has a fifty-two week low of $104.44 and a fifty-two week high of $226.24. The firm’s 50 day moving average price is $119.04 and its 200 day moving average price is $152.10.
Analysts Set New Price Targets
A number of research firms have commented on LULU. Sanford C. Bernstein cut their price objective on shares of lululemon athletica from $170.00 to $145.00 and set a “market perform” rating for the company in a report on Wednesday, June 3rd. Citigroup lowered their target price on lululemon athletica from $185.00 to $130.00 and set a “neutral” rating on the stock in a report on Tuesday, June 9th. BTIG Research lowered lululemon athletica from a “buy” rating to a “neutral” rating in a research report on Friday, June 5th. Deutsche Bank Aktiengesellschaft cut their price target on lululemon athletica from $171.00 to $127.00 and set a “hold” rating for the company in a report on Monday, June 8th. Finally, Weiss Ratings downgraded lululemon athletica from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twenty-four have assigned a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, lululemon athletica has a consensus rating of “Reduce” and a consensus price target of $148.35.
View Our Latest Analysis on lululemon athletica
Insider Transactions at lululemon athletica
In related news, Director Charles V. Bergh bought 4,275 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was purchased at an average cost of $117.05 per share, for a total transaction of $500,388.75. Following the completion of the acquisition, the director owned 10,365 shares in the company, valued at approximately $1,213,223.25. This trade represents a 70.20% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.54% of the company’s stock.
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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