Raymond James Financial Inc. acquired a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 115,891 shares of the apparel retailer's stock, valued at approximately $44,318,000. Raymond James Financial Inc. owned 0.10% of Lululemon Athletica as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of LULU. Kestra Investment Management LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at approximately $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at approximately $32,000. Sound Income Strategies LLC increased its stake in shares of Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock valued at $33,000 after purchasing an additional 65 shares during the period. Asset Planning Inc acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at approximately $33,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 85.20% of the company's stock.
Insiders Place Their Bets
In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the sale, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. This represents a 24.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.48% of the company's stock.
Lululemon Athletica Stock Performance
Lululemon Athletica stock opened at $319.42 on Wednesday. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $480.94. The firm has a market capitalization of $38.90 billion, a price-to-earnings ratio of 23.06, a P/E/G ratio of 2.22 and a beta of 1.21. The company has a 50 day moving average price of $380.70 and a 200 day moving average price of $334.18.
Analysts Set New Price Targets
Several equities research analysts have commented on LULU shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Lululemon Athletica from $292.00 to $396.00 and gave the company a "hold" rating in a research note on Monday, December 9th. Jefferies Financial Group restated an "underperform" rating and issued a $220.00 price target on shares of Lululemon Athletica in a research note on Monday, December 2nd. Wells Fargo & Company increased their price objective on shares of Lululemon Athletica from $350.00 to $375.00 and gave the company an "equal weight" rating in a report on Wednesday, January 15th. Barclays increased their price objective on shares of Lululemon Athletica from $378.00 to $411.00 and gave the company an "equal weight" rating in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Lululemon Athletica from $428.00 to $437.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $399.14.
Check Out Our Latest Research Report on Lululemon Athletica
Lululemon Athletica Profile
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Free Report)
Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.
Further Reading
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