Twin Lakes Capital Management LLC reduced its stake in shares of lululemon athletica inc. (NASDAQ:LULU – Free Report) by 16.8% during the second quarter, Holdings Channel.com reports. The firm owned 292 shares of the apparel retailer’s stock after selling 59 shares during the period. Twin Lakes Capital Management LLC’s holdings in lululemon athletica were worth $69,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. N.E.W. Advisory Services LLC bought a new stake in lululemon athletica in the first quarter worth about $25,000. Cornerstone Planning Group LLC raised its position in lululemon athletica by 506.3% in the first quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer’s stock worth $26,000 after acquiring an additional 81 shares in the last quarter. Flaharty Asset Management LLC bought a new stake in lululemon athletica in the first quarter worth about $29,000. Blue Trust Inc. raised 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 acquiring an additional 61 shares in the last quarter. Finally, Trust Co. of Toledo NA OH bought a new stake in lululemon athletica in the second quarter worth about $30,000. 85.20% of the stock is currently owned by institutional investors.
lululemon athletica Trading Down 0.5%
NASDAQ LULU opened at $178.17 on Monday. The stock’s 50-day moving average price is $179.99 and its two-hundred day moving average price is $228.45. The company has a market cap of $21.13 billion, a PE ratio of 12.11, a PEG ratio of 11.14 and a beta of 1.07. lululemon athletica inc. has a 1 year low of $159.25 and a 1 year high of $423.32.
Insiders Place Their Bets
In other lululemon athletica news, insider Nicole Neuburger sold 615 shares of lululemon athletica 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 transaction, the insider owned 8,993 shares of the company’s stock, valued at $1,600,754. The trade was a 6.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.54% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on LULU shares. Hsbc Global Res cut shares of lululemon athletica from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 11th. The Goldman Sachs Group dropped their price target on shares of lululemon athletica from $232.00 to $200.00 and set a “neutral” rating on the stock in a research report on Friday, September 5th. Sanford C. Bernstein cut shares of lululemon athletica from an “outperform” rating to a “market perform” rating and set a $190.00 price target on the stock. in a research report on Thursday, October 16th. Needham & Company LLC restated a “hold” rating and set a $192.00 price objective on shares of lululemon athletica in a report on Thursday, September 25th. Finally, William Blair downgraded lululemon athletica from an “outperform” rating to a “market perform” rating in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twenty-nine have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $228.42.
Read Our Latest Report on lululemon athletica
lululemon athletica Company Profile
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.
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