Flossbach Von Storch SE lifted its holdings in lululemon athletica inc. (NASDAQ:LULU – Free Report) by 17.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,930,831 shares of the apparel retailer’s stock after buying an additional 290,614 shares during the period. lululemon athletica comprises 1.4% of Flossbach Von Storch SE’s holdings, making the stock its 26th largest holding. Flossbach Von Storch SE’s holdings in lululemon athletica were worth $343,553,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. increased its stake in lululemon athletica by 11.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,309 shares of the apparel retailer’s stock worth $8,240,000 after acquiring an additional 4,771 shares during the last quarter. Hussman Strategic Advisors Inc. boosted its holdings in shares of lululemon athletica by 66.7% in the 3rd quarter. Hussman Strategic Advisors Inc. now owns 21,000 shares of the apparel retailer’s stock worth $3,737,000 after purchasing an additional 8,400 shares during the period. J. Safra Sarasin Holding AG increased its position in shares of lululemon athletica by 10.5% during the 3rd quarter. J. Safra Sarasin Holding AG now owns 6,749 shares of the apparel retailer’s stock valued at $1,201,000 after purchasing an additional 644 shares during the last quarter. Saxon Interests Inc. purchased a new stake in lululemon athletica during the 3rd quarter valued at $228,000. Finally, KPP Advisory Services LLC lifted its position in lululemon athletica by 21.3% in the third quarter. KPP Advisory Services LLC now owns 3,858 shares of the apparel retailer’s stock worth $686,000 after buying an additional 677 shares during the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.
lululemon athletica Stock Performance
Shares of NASDAQ:LULU opened at $180.35 on Thursday. The firm’s 50 day simple moving average is $197.14 and its 200-day simple moving average is $189.64. lululemon athletica inc. has a one year low of $159.25 and a one year high of $423.32. The firm has a market cap of $21.16 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 11.51 and a beta of 1.01.
Wall Street Analyst Weigh In
LULU has been the topic of a number of analyst reports. The Goldman Sachs Group boosted their price objective on shares of lululemon athletica from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Wells Fargo & Company upped their price target on shares of lululemon athletica from $160.00 to $175.00 and gave the company an “equal weight” rating in a report on Friday, December 12th. Sanford C. Bernstein downgraded shares of lululemon athletica from an “outperform” rating to a “market perform” rating and set a $190.00 price objective for the company. in a research note on Thursday, October 16th. Bank of America boosted their target price on lululemon athletica from $185.00 to $220.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of lululemon athletica in a report on Thursday, January 22nd. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirty have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $227.57.
Check Out Our Latest Stock Report on LULU
Insider Activity at lululemon athletica
In other news, insider Celeste Burgoyne sold 13,511 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $204.00, for a total transaction of $2,756,244.00. Following 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate 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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