Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of lululemon athletica inc. (NASDAQ:LULU – Free Report) by 105.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 123,054 shares of the apparel retailer’s stock after purchasing an additional 63,296 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in lululemon athletica were worth $21,895,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its position in shares of lululemon athletica by 9.1% during the 2nd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 600 shares of the apparel retailer’s stock valued at $143,000 after buying an additional 50 shares during the last quarter. Westside Investment Management Inc. lifted its holdings in shares of lululemon athletica by 15.4% in the 2nd quarter. Westside Investment Management Inc. now owns 420 shares of the apparel retailer’s stock worth $100,000 after purchasing an additional 56 shares during the last quarter. Twin Capital Management Inc. boosted its position in lululemon athletica by 1.6% during the 2nd quarter. Twin Capital Management Inc. now owns 3,734 shares of the apparel retailer’s stock valued at $887,000 after purchasing an additional 58 shares during the period. MGO One Seven LLC grew its stake in lululemon athletica by 4.5% during the 3rd quarter. MGO One Seven LLC now owns 1,340 shares of the apparel retailer’s stock worth $238,000 after buying an additional 58 shares during the last quarter. Finally, Blue Trust Inc. increased its position in lululemon athletica by 96.8% in the second quarter. Blue Trust Inc. now owns 124 shares of the apparel retailer’s stock worth $29,000 after buying an additional 61 shares during the period. 85.20% of the stock is currently owned by institutional investors.
lululemon athletica Stock Performance
Shares of NASDAQ LULU opened at $192.79 on Tuesday. lululemon athletica inc. has a 1 year low of $159.25 and a 1 year high of $423.32. The firm has a market cap of $22.62 billion, a P/E ratio of 13.36, a PEG ratio of 11.80 and a beta of 1.01. The stock has a fifty day moving average price of $196.40 and a two-hundred day moving average price of $190.06.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of lululemon athletica from $203.00 to $209.00 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Citigroup boosted their target price on shares of lululemon athletica from $190.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Robert W. Baird raised their price target on shares of lululemon athletica from $195.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Bank of America increased their price objective on lululemon athletica from $185.00 to $220.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Finally, UBS Group set a $206.00 target price on lululemon athletica in a research report on Wednesday, December 31st. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, thirty have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $227.57.
Check Out Our Latest Report on lululemon athletica
Insiders Place Their Bets
In other news, insider Celeste Burgoyne sold 13,511 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $204.00, for a total transaction of $2,756,244.00. Following the completion of the transaction, the insider owned 5,318 shares in the company, valued at approximately $1,084,872. This trade represents a 71.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.54% of the company’s stock.
lululemon athletica Profile
lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.
Products are developed in-house and produced through a network of third-party manufacturers.
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