Lululemon Athletica Inc. (NASDAQ:LULU) Short Interest Up 19.2% in February

Lululemon Athletica Inc. (NASDAQ:LULU - Get Free Report) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 6,760,000 shares, an increase of 19.2% from the February 13th total of 5,670,000 shares. Approximately 6.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,840,000 shares, the short-interest ratio is currently 3.7 days.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the firm's stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the transaction, the insider now owns 6,198 shares of the company's stock, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.48% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lululemon Athletica

A number of institutional investors have recently modified their holdings of the company. Beacon Capital Management LLC raised its position in shares of Lululemon Athletica by 6.9% in the fourth quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer's stock valued at $142,000 after purchasing an additional 24 shares during the period. Edgestream Partners L.P. raised its position in shares of Lululemon Athletica by 0.7% in the fourth quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer's stock valued at $1,353,000 after purchasing an additional 25 shares during the period. SeaCrest Wealth Management LLC grew its stake in shares of Lululemon Athletica by 2.6% in the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer's stock worth $389,000 after acquiring an additional 26 shares during the last quarter. Dnca Finance grew its stake in shares of Lululemon Athletica by 15.1% in the fourth quarter. Dnca Finance now owns 198 shares of the apparel retailer's stock worth $76,000 after acquiring an additional 26 shares during the last quarter. Finally, Capital Advisors Ltd. LLC grew its stake in shares of Lululemon Athletica by 9.4% in the fourth quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer's stock worth $124,000 after acquiring an additional 28 shares during the last quarter. Institutional investors own 85.20% of the company's stock.

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Lululemon Athletica Stock Down 0.6 %

Shares of NASDAQ:LULU traded down $1.83 during trading on Friday, reaching $322.62. The stock had a trading volume of 1,984,443 shares, compared to its average volume of 2,152,286. Lululemon Athletica has a 52 week low of $226.01 and a 52 week high of $423.32. The firm has a market capitalization of $39.29 billion, a price-to-earnings ratio of 23.29, a P/E/G ratio of 2.22 and a beta of 1.21. The stock has a fifty day simple moving average of $369.92 and a two-hundred day simple moving average of $336.38.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Telsey Advisory Group restated an "outperform" rating and set a $445.00 price objective on shares of Lululemon Athletica in a research report on Thursday. Evercore ISI raised their price objective on shares of Lululemon Athletica from $440.00 to $495.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Sanford C. Bernstein upgraded shares of Lululemon Athletica from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $360.00 to $460.00 in a research report on Tuesday, January 7th. Jefferies Financial Group restated an "underperform" rating and set a $220.00 price objective on shares of Lululemon Athletica in a research report on Monday, December 2nd. Finally, Raymond James restated an "outperform" rating and set a $430.00 price objective (up previously from $400.00) on shares of Lululemon Athletica in a research report on Wednesday, January 15th. One 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. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $397.10.

Lululemon Athletica Company Profile

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.