Franklin Resources Inc. cut its position in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 23.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,830 shares of the apparel retailer’s stock after selling 1,805 shares during the period. Franklin Resources Inc.’s holdings in Lululemon Athletica inc. were worth $379,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its position in shares of Lululemon Athletica inc. by 4.4% in the fourth quarter. State Street Corp now owns 2,030,419 shares of the apparel retailer’s stock worth $131,928,000 after buying an additional 85,654 shares in the last quarter. Capital International Investors increased its stake in shares of Lululemon Athletica inc. by 0.4% in the third quarter. Capital International Investors now owns 1,559,613 shares of the apparel retailer’s stock worth $95,105,000 after buying an additional 6,310 shares during the last quarter. HS Management Partners LLC increased its stake in shares of Lululemon Athletica inc. by 17.5% in the third quarter. HS Management Partners LLC now owns 1,234,169 shares of the apparel retailer’s stock worth $75,260,000 after buying an additional 183,950 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of Lululemon Athletica inc. by 1.8% in the third quarter. BlackRock Fund Advisors now owns 1,007,264 shares of the apparel retailer’s stock worth $61,423,000 after buying an additional 17,451 shares during the last quarter. Finally, Schroder Investment Management Group increased its stake in shares of Lululemon Athletica inc. by 76.1% in the third quarter. Schroder Investment Management Group now owns 950,226 shares of the apparel retailer’s stock worth $57,945,000 after buying an additional 410,595 shares during the last quarter. 85.19% of the stock is currently owned by institutional investors and hedge funds.
Shares of Lululemon Athletica inc. (NASDAQ:LULU) traded down 0.99% during trading on Friday, reaching $53.08. The company had a trading volume of 3,011,552 shares. The stock has a 50 day moving average of $58.46 and a 200 day moving average of $61.60. The stock has a market capitalization of $7.27 billion, a price-to-earnings ratio of 24.02 and a beta of 0.23. Lululemon Athletica inc. has a 52-week low of $49.40 and a 52-week high of $81.81.
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A number of brokerages have issued reports on LULU. Pacific Crest downgraded Lululemon Athletica inc. to a “hold” rating in a research report on Saturday, February 4th. Oppenheimer Holdings Inc. set a $75.00 price target on Lululemon Athletica inc. and gave the stock a “buy” rating in a research report on Sunday, March 12th. Nomura lowered their price target on Lululemon Athletica inc. from $72.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, March 30th. Stifel Nicolaus reduced their target price on Lululemon Athletica inc. from $67.00 to $60.00 and set a “hold” rating for the company in a report on Thursday, March 30th. Finally, SunTrust Banks, Inc. set a $69.00 target price on Lululemon Athletica inc. and gave the company a “buy” rating in a report on Saturday, April 1st. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seventeen have issued a buy rating to the stock. Lululemon Athletica inc. has an average rating of “Hold” and an average price target of $65.98.
Lululemon Athletica inc. Company Profile
lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements.
