Penserra Capital Management LLC reduced its stake in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,153 shares of the apparel retailer’s stock after selling 1,830 shares during the period. Penserra Capital Management LLC’s holdings in Lululemon Athletica were worth $11,723,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in shares of Lululemon Athletica during the 3rd quarter worth approximately $130,000. Parallel Advisors LLC lifted its holdings in Lululemon Athletica by 230.4% in the third quarter. Parallel Advisors LLC now owns 955 shares of the apparel retailer’s stock valued at $155,000 after acquiring an additional 666 shares during the last quarter. TRUE Private Wealth Advisors acquired a new position in Lululemon Athletica in the third quarter valued at approximately $161,000. Synovus Financial Corp acquired a new position in Lululemon Athletica in the second quarter valued at approximately $127,000. Finally, Global Trust Asset Management LLC acquired a new position in Lululemon Athletica in the third quarter valued at approximately $179,000. Institutional investors and hedge funds own 79.55% of the company’s stock.
NASDAQ:LULU opened at $142.27 on Friday. Lululemon Athletica inc. has a 52 week low of $61.25 and a 52 week high of $164.79. The firm has a market cap of $18.68 billion, a price-to-earnings ratio of 54.93, a PEG ratio of 2.05 and a beta of 0.38.
A number of research analysts recently commented on LULU shares. Citigroup upped their price objective on Lululemon Athletica from $112.00 to $127.00 and gave the company a “neutral” rating in a report on Thursday, July 12th. BidaskClub cut Lululemon Athletica from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 25th. ValuEngine cut Lululemon Athletica from a “buy” rating to a “hold” rating in a report on Saturday, July 28th. Zacks Investment Research cut Lululemon Athletica from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. Finally, B. Riley upped their price objective on Lululemon Athletica from $112.00 to $128.00 and gave the company a “neutral” rating in a report on Wednesday, August 15th. Thirteen investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $154.36.
Lululemon Athletica Profile
lululemon athletica inc., an athletic apparel company, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.
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