Daiwa Securities Group Inc. reduced its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 13.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,279 shares of the apparel retailer's stock after selling 3,670 shares during the period. Daiwa Securities Group Inc.'s holdings in Lululemon Athletica were worth $8,902,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. Kestra Investment Management LLC acquired a new stake in Lululemon Athletica during the 4th quarter worth about $32,000. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Lululemon Athletica in the fourth quarter worth about $32,000. Sound Income Strategies LLC lifted its holdings in shares of Lululemon Athletica by 309.5% during the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock worth $33,000 after purchasing an additional 65 shares during the period. Asset Planning Inc purchased a new stake in Lululemon Athletica in the fourth quarter valued at approximately $33,000. Finally, Golden State Wealth Management LLC acquired a new position in Lululemon Athletica in the 4th quarter worth approximately $36,000. 85.20% of the stock is owned by hedge funds and other institutional investors.
Lululemon Athletica Price Performance
NASDAQ LULU opened at $319.42 on Wednesday. The stock's 50 day simple moving average is $380.70 and its 200-day simple moving average is $334.18. The company has a market cap of $38.90 billion, a PE ratio of 23.06, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $480.94.
Wall Street Analyst Weigh In
Several analysts have commented on LULU shares. TD Cowen lifted their price objective on shares of Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. TD Securities raised their target price on shares of Lululemon Athletica from $382.00 to $383.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd. Guggenheim upped their price target on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a "buy" rating in a report on Friday, December 6th. Needham & Company LLC upgraded Lululemon Athletica from a "hold" rating to a "buy" rating and set a $475.00 price objective for the company in a research note on Friday, January 10th. Finally, Morgan Stanley upped their target price on Lululemon Athletica from $414.00 to $420.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 15th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $399.14.
Check Out Our Latest Research Report on LULU
Insider Activity at Lululemon Athletica
In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the sale, the insider now owns 6,198 shares of the company's stock, valued at $2,399,307.78. The trade was a 24.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.48% of the stock is owned by corporate insiders.
Lululemon Athletica Company 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.
See Also
Want to see what other hedge funds are holding LULU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lululemon Athletica Inc. (NASDAQ:LULU - Free Report).
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