Sei Investments Co. raised its stake in shares of lululemon athletica inc. (NASDAQ:LULU – Free Report) by 210.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,930 shares of the apparel retailer’s stock after buying an additional 31,137 shares during the period. Sei Investments Co.’s holdings in lululemon athletica were worth $7,032,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. NorthRock Partners LLC lifted its position in lululemon athletica by 4.2% in the third quarter. NorthRock Partners LLC now owns 1,553 shares of the apparel retailer’s stock worth $276,000 after purchasing an additional 62 shares during the period. Murphy & Mullick Capital Management Corp lifted its holdings in shares of lululemon athletica by 4.3% in the first quarter. Murphy & Mullick Capital Management Corp now owns 1,578 shares of the apparel retailer’s stock valued at $242,000 after buying an additional 65 shares during the period. IHT Wealth Management LLC lifted its holdings in shares of lululemon athletica by 1.7% in the second quarter. IHT Wealth Management LLC now owns 4,276 shares of the apparel retailer’s stock valued at $1,016,000 after buying an additional 73 shares during the period. Capital Advisors Ltd. LLC boosted its stake in lululemon athletica by 27.4% during the fourth quarter. Capital Advisors Ltd. LLC now owns 363 shares of the apparel retailer’s stock valued at $75,000 after buying an additional 78 shares in the last quarter. Finally, GW&K Investment Management LLC boosted its stake in lululemon athletica by 70.3% during the fourth quarter. GW&K Investment Management LLC now owns 189 shares of the apparel retailer’s stock valued at $39,000 after buying an additional 78 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.
lululemon athletica Stock Up 4.0%
Shares of NASDAQ LULU opened at $123.67 on Tuesday. lululemon athletica inc. has a 12 month low of $104.44 and a 12 month high of $225.98. The company has a market cap of $14.68 billion, a price-to-earnings ratio of 9.98, a P/E/G ratio of 3.89 and a beta of 0.86. The business has a fifty day simple moving average of $118.20 and a 200-day simple moving average of $146.86.
Analyst Ratings Changes
A number of equities research analysts have weighed in on LULU shares. Weiss Ratings downgraded shares of lululemon athletica from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, July 20th. The Goldman Sachs Group lowered their price objective on shares of lululemon athletica from $177.00 to $122.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. BTIG Research downgraded shares of lululemon athletica from a “buy” rating to a “neutral” rating in a report on Friday, June 5th. Jefferies Financial Group cut their target price on shares of lululemon athletica from $145.00 to $115.00 and set a “hold” rating for the company in a research note on Friday, June 5th. Finally, Needham & Company LLC restated a “hold” rating on shares of lululemon athletica in a report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twenty-four have issued a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, lululemon athletica has a consensus rating of “Reduce” and an average target price of $148.35.
View Our Latest Stock Analysis on LULU
Insider Buying and Selling
In other news, Director Charles V. Bergh bought 4,275 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was bought at an average cost of $117.05 per share, for a total transaction of $500,388.75. Following the completion of the acquisition, the director directly owned 10,365 shares in the company, valued at $1,213,223.25. This represents a 70.20% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.54% of the company’s stock.
About lululemon athletica
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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