Oppenheimer Asset Management Inc. raised its holdings in Lululemon Athletica inc. (NASDAQ:LULU) by 43.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,408 shares of the apparel retailer’s stock after purchasing an additional 1,030 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Lululemon Athletica were worth $614,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of LULU. FMR LLC boosted its holdings in Lululemon Athletica by 0.5% in the first quarter. FMR LLC now owns 18,492,021 shares of the apparel retailer’s stock valued at $3,030,287,000 after acquiring an additional 97,885 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Lululemon Athletica by 39.6% in the 2nd quarter. Jennison Associates LLC now owns 8,825,496 shares of the apparel retailer’s stock worth $1,590,443,000 after buying an additional 2,504,324 shares during the period. BlackRock Inc. boosted its position in shares of Lululemon Athletica by 6.3% in the 1st quarter. BlackRock Inc. now owns 5,896,520 shares of the apparel retailer’s stock worth $966,262,000 after purchasing an additional 350,808 shares in the last quarter. Geode Capital Management LLC grew its stake in Lululemon Athletica by 4.3% during the 4th quarter. Geode Capital Management LLC now owns 1,296,806 shares of the apparel retailer’s stock worth $157,624,000 after buying an additional 53,511 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in Lululemon Athletica by 5.5% during the 2nd quarter. Wells Fargo & Company MN now owns 856,838 shares of the apparel retailer’s stock valued at $154,411,000 after buying an additional 44,408 shares in the last quarter. 81.22% of the stock is currently owned by institutional investors.
Shares of Lululemon Athletica stock traded up $3.45 on Wednesday, reaching $196.71. The company’s stock had a trading volume of 82,531 shares, compared to its average volume of 2,137,357. The company has a quick ratio of 1.52, a current ratio of 2.41 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $25.32 billion, a P/E ratio of 51.21, a PEG ratio of 2.22 and a beta of 0.65. The stock has a 50-day moving average price of $184.56 and a 200-day moving average price of $173.04. Lululemon Athletica inc. has a 52-week low of $110.71 and a 52-week high of $204.44.
LULU has been the subject of a number of research reports. Susquehanna Bancshares set a $222.00 target price on Lululemon Athletica and gave the stock a “buy” rating in a report on Thursday, September 5th. Guggenheim reiterated a “buy” rating and issued a $220.00 price target on shares of Lululemon Athletica in a report on Thursday, September 5th. Zacks Investment Research raised shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $213.00 price target for the company in a research report on Monday. MKM Partners lifted their price objective on shares of Lululemon Athletica from $215.00 to $217.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, Royal Bank of Canada restated an “equal weight” rating on shares of Lululemon Athletica in a research note on Friday, June 14th. Eleven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $203.79.
In other Lululemon Athletica news, Director Dennis J. Wilson sold 164,061 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $182.89, for a total value of $30,005,116.29. Following the transaction, the director now directly owns 3,852 shares of the company’s stock, valued at approximately $704,492.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David M. Mussafer sold 4,484 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $186.10, for a total value of $834,472.40. Following the transaction, the director now owns 18,947 shares in the company, valued at $3,526,036.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 425,032 shares of company stock valued at $80,229,658. 0.34% of the stock is owned by corporate insiders.
Lululemon Athletica Company Profile
lululemon athletica inc., 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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