Wealthfront Advisers LLC raised its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 99.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,776 shares of the apparel retailer's stock after acquiring an additional 8,366 shares during the period. Wealthfront Advisers LLC's holdings in Lululemon Athletica were worth $6,415,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings 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 valued at $669,036,000 after acquiring an additional 44,294 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Lululemon Athletica by 2.4% during the fourth 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 period. Amundi boosted its holdings in Lululemon Athletica by 2.9% during the fourth 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 during the period. Montrusco Bolton Investments Inc. boosted its holdings in Lululemon Athletica by 43.5% during the third quarter. Montrusco Bolton Investments Inc. now owns 611,814 shares of the apparel retailer's stock valued at $166,016,000 after acquiring an additional 185,440 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in Lululemon Athletica by 60.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 546,162 shares of the apparel retailer's stock valued at $148,201,000 after acquiring an additional 205,757 shares during the period. 85.20% of the stock is currently owned by institutional investors.
Lululemon Athletica Trading Down 2.2 %
Shares of LULU traded down $6.81 during mid-day trading on Thursday, hitting $309.68. 1,810,911 shares of the company traded hands, compared to its average volume of 1,630,994. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $480.94. The business has a 50-day moving average of $378.13 and a 200 day moving average of $333.89. The stock has a market capitalization of $37.71 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 2.22 and a beta of 1.21.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on LULU. William Blair restated an "outperform" rating on shares of Lululemon Athletica in a report on Friday, December 6th. Jefferies Financial Group reaffirmed an "underperform" rating and set a $220.00 price objective on shares of Lululemon Athletica in a research report on Monday, December 2nd. Stifel Nicolaus reaffirmed a "buy" rating and set a $438.00 price objective (up previously from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. Truist Financial upped their price objective on shares of Lululemon Athletica from $420.00 to $460.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Finally, Robert W. Baird upped their price objective on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. One investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $399.14.
Read Our Latest Stock Analysis on LULU
Insider Buying and Selling at Lululemon Athletica
In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction 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 sale, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.48% of the company's stock.
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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