WINTON GROUP Ltd Makes New Investment in lululemon athletica inc. $LULU

WINTON GROUP Ltd purchased a new stake in shares of lululemon athletica inc. (NASDAQ:LULU) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 13,791 shares of the apparel retailer’s stock, valued at approximately $3,276,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of LULU. Brighton Jones LLC bought a new position in lululemon athletica in the fourth quarter valued at about $429,000. Chicago Partners Investment Group LLC increased its position in shares of lululemon athletica by 33.9% during the 1st quarter. Chicago Partners Investment Group LLC now owns 1,106 shares of the apparel retailer’s stock valued at $305,000 after purchasing an additional 280 shares during the last quarter. Townsquare Capital LLC lifted its stake in shares of lululemon athletica by 26.2% in the 1st quarter. Townsquare Capital LLC now owns 5,032 shares of the apparel retailer’s stock worth $1,424,000 after purchasing an additional 1,046 shares during the period. Zions Bancorporation National Association UT purchased a new position in shares of lululemon athletica in the first quarter worth approximately $31,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in lululemon athletica during the first quarter valued at approximately $6,449,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Nicole Neuburger sold 615 shares of the stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $178.00, for a total transaction of $109,470.00. Following the completion of the sale, the insider owned 8,993 shares in the company, valued at approximately $1,600,754. This trade represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

lululemon athletica Stock Performance

Shares of LULU stock opened at $183.04 on Tuesday. The stock has a fifty day simple moving average of $173.43 and a two-hundred day simple moving average of $204.63. The firm has a market capitalization of $21.70 billion, a PE ratio of 12.44, a PEG ratio of 11.87 and a beta of 1.01. lululemon athletica inc. has a 52-week low of $159.25 and a 52-week high of $423.32.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. KeyCorp downgraded shares of lululemon athletica from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, September 9th. JPMorgan Chase & Co. decreased their target price on lululemon athletica from $224.00 to $191.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. BNP Paribas Exane upgraded lululemon athletica from an “underperform” rating to a “neutral” rating and set a $146.00 target price on the stock in a research report on Monday, October 20th. Rothschild & Co Redburn reduced their price target on lululemon athletica from $230.00 to $160.00 and set a “sell” rating for the company in a research report on Friday, September 12th. Finally, William Blair cut lululemon athletica from an “outperform” rating to a “market perform” rating in a research report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, twenty-nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $214.98.

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.