Lido Advisors LLC increased its holdings in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 50.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,640 shares of the apparel retailer’s stock after acquiring an additional 1,223 shares during the period. Lido Advisors LLC’s holdings in Lululemon Athletica were worth $442,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LULU. Oregon Public Employees Retirement Fund grew its stake in Lululemon Athletica by 11,283.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,059,463 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 4,023,801 shares during the period. Jennison Associates LLC acquired a new stake in Lululemon Athletica during the fourth quarter worth approximately $314,834,000. Vanguard Group Inc grew its stake in Lululemon Athletica by 10.6% during the third quarter. Vanguard Group Inc now owns 9,411,318 shares of the apparel retailer’s stock worth $1,529,244,000 after purchasing an additional 899,080 shares during the period. Vanguard Group Inc. grew its stake in Lululemon Athletica by 10.6% during the third quarter. Vanguard Group Inc. now owns 9,411,318 shares of the apparel retailer’s stock worth $1,529,244,000 after purchasing an additional 899,080 shares during the period. Finally, AQR Capital Management LLC grew its stake in Lululemon Athletica by 32.2% during the third quarter. AQR Capital Management LLC now owns 2,830,681 shares of the apparel retailer’s stock worth $459,958,000 after purchasing an additional 688,881 shares during the period. 78.47% of the stock is owned by institutional investors and hedge funds.
In other news, major shareholder Dennis J. Wilson sold 244,539 shares of the firm’s stock in a transaction that occurred on Monday, January 28th. The stock was sold at an average price of $149.83, for a total value of $36,639,278.37. Following the transaction, the insider now owns 3,852 shares in the company, valued at $577,145.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Dennis J. Wilson sold 1,379,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 30th. The shares were sold at an average price of $145.00, for a total value of $199,955,000.00. Following the completion of the transaction, the insider now owns 3,852 shares in the company, valued at approximately $558,540. The disclosure for this sale can be found here. Insiders sold 2,914,928 shares of company stock worth $414,622,960 in the last 90 days. Corporate insiders own 0.32% of the company’s stock.
LULU has been the subject of several recent analyst reports. Buckingham Research raised Lululemon Athletica from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 9th. Wolfe Research increased their price target on Lululemon Athletica from $174.00 to $176.00 and gave the stock an “outperform” rating in a report on Monday, December 3rd. MKM Partners set a $177.00 price target on Lululemon Athletica and gave the stock a “buy” rating in a report on Sunday, December 9th. Cowen set a $185.00 price target on Lululemon Athletica and gave the stock a “buy” rating in a report on Tuesday, December 11th. Finally, Citigroup upgraded Lululemon Athletica from a “neutral” rating to a “buy” rating and set a $152.00 price target on the stock in a report on Wednesday, December 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $160.94.
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Lululemon Athletica Company 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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