Vanguard Group Inc. Sells 215,504 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Vanguard Group Inc. lowered its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,109,165 shares of the apparel retailer's stock after selling 215,504 shares during the period. Vanguard Group Inc. owned about 10.76% of Lululemon Athletica worth $5,013,076,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC increased its position in Lululemon Athletica by 1.8% during the third quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer's stock worth $669,036,000 after buying an additional 44,294 shares during the last quarter. Diamond Hill Capital Management Inc. acquired a new position in shares of Lululemon Athletica during the 4th quarter valued at about $370,062,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Lululemon Athletica by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 719,413 shares of the apparel retailer's stock valued at $275,111,000 after acquiring an additional 17,119 shares during the last quarter. Amundi raised its stake in shares of Lululemon Athletica by 2.9% in the 4th quarter. Amundi now owns 666,691 shares of the apparel retailer's stock valued at $261,956,000 after acquiring an additional 18,861 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in Lululemon Athletica by 60.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 546,162 shares of the apparel retailer's stock worth $148,201,000 after purchasing an additional 205,757 shares during the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. BMO Capital Markets upped their price target on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a "market perform" rating in a report on Friday, December 6th. Barclays increased their target price on Lululemon Athletica from $378.00 to $411.00 and gave the company an "equal weight" rating in a research note on Thursday, January 16th. Oppenheimer lifted their price target on Lululemon Athletica from $380.00 to $500.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft increased their price objective on Lululemon Athletica from $292.00 to $396.00 and gave the company a "hold" rating in a research report on Monday, December 9th. Finally, Sanford C. Bernstein upgraded shares of Lululemon Athletica from a "market perform" rating to an "outperform" rating and upped their target price for the company from $360.00 to $460.00 in a research note on Tuesday, January 7th. One investment 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 MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $395.55.

Lululemon Athletica Trading Up 1.1 %

Shares of NASDAQ:LULU traded up $3.69 during midday trading on Thursday, hitting $341.48. The company had a trading volume of 1,353,364 shares, compared to its average volume of 2,062,326. The stock has a market cap of $41.59 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32. The firm has a fifty day simple moving average of $366.84 and a 200 day simple moving average of $338.65.

About Lululemon Athletica

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.