OVERSEA CHINESE BANKING Corp Ltd lowered its holdings in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 40.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,101 shares of the apparel retailer's stock after selling 2,759 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Lululemon Athletica were worth $1,586,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in LULU. Trillium Asset Management LLC lifted its position in shares of Lululemon Athletica by 5.4% during the 4th quarter. Trillium Asset Management LLC now owns 118,341 shares of the apparel retailer's stock valued at $45,255,000 after acquiring an additional 6,050 shares during the period. Generali Asset Management SPA SGR acquired a new position in Lululemon Athletica in the fourth quarter valued at about $6,646,000. Thrivent Financial for Lutherans lifted its position in Lululemon Athletica by 1.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 423,281 shares of the apparel retailer's stock worth $161,818,000 after purchasing an additional 6,234 shares during the period. Terra Alpha Investments LLC acquired a new stake in Lululemon Athletica during the fourth quarter worth about $4,735,000. Finally, TCTC Holdings LLC bought a new position in Lululemon Athletica in the 4th quarter valued at about $26,000. Institutional investors and hedge funds own 85.20% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the stock. TD Securities increased their price target on shares of Lululemon Athletica from $382.00 to $383.00 and gave the stock a "buy" rating in a research report on Tuesday, December 3rd. Wells Fargo & Company lifted their price target on Lululemon Athletica from $350.00 to $375.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 15th. TD Cowen upped their price objective on Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. Robert W. Baird raised their price objective on Lululemon Athletica from $380.00 to $440.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. Finally, Stifel Nicolaus reissued a "buy" rating and set a $438.00 target price (up previously from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $397.10.
Check Out Our Latest Stock Analysis on Lululemon Athletica
Insiders Place Their Bets
In related news, insider Nicole Neuburger sold 2,022 shares of the company's stock in a transaction dated Thursday, December 26th. The stock was 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 in the company, valued at $2,399,307.78. This represents a 24.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.48% of the company's stock.
Lululemon Athletica Price Performance
NASDAQ LULU traded up $12.34 during mid-day trading on Monday, reaching $334.96. 1,702,839 shares of the stock were exchanged, compared to its average volume of 2,080,379. The stock has a market cap of $40.79 billion, a P/E ratio of 24.18, a P/E/G ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $423.32. The stock has a 50 day simple moving average of $369.92 and a 200-day simple moving average of $337.50.
About Lululemon Athletica
(
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.
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