Beck Bode LLC increased its stake in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 0.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,292 shares of the apparel retailer’s stock after purchasing an additional 129 shares during the quarter. Lululemon Athletica makes up approximately 1.7% of Beck Bode LLC’s holdings, making the stock its 22nd largest holding. Beck Bode LLC’s holdings in Lululemon Athletica were worth $3,907,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the stock. Virtus ETF Advisers LLC acquired a new stake in shares of Lululemon Athletica in the second quarter worth approximately $27,000. Venturi Wealth Management LLC acquired a new position in shares of Lululemon Athletica in the 3rd quarter valued at $29,000. Golden State Wealth Management LLC boosted its holdings in shares of Lululemon Athletica by 70.0% in the 3rd quarter. Golden State Wealth Management LLC now owns 170 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 70 shares during the last quarter. West Oak Capital LLC boosted its holdings in shares of Lululemon Athletica by 60.0% in the 3rd quarter. West Oak Capital LLC now owns 200 shares of the apparel retailer’s stock valued at $39,000 after purchasing an additional 75 shares during the last quarter. Finally, Motco purchased a new stake in shares of Lululemon Athletica during the 2nd quarter valued at $38,000. Hedge funds and other institutional investors own 79.81% of the company’s stock.
Shares of LULU traded down $3.74 during trading on Tuesday, reaching $221.79. The company’s stock had a trading volume of 475,065 shares, compared to its average volume of 1,599,683. The company has a fifty day moving average of $210.35 and a two-hundred day moving average of $190.28. Lululemon Athletica inc. has a twelve month low of $110.71 and a twelve month high of $229.65. The company has a market cap of $29.40 billion, a price-to-earnings ratio of 57.76, a P/E/G ratio of 2.62 and a beta of 0.66. The company has a quick ratio of 1.52, a current ratio of 2.41 and a debt-to-equity ratio of 0.38.
In other Lululemon Athletica news, Director Dennis J. Wilson sold 46,725 shares of Lululemon Athletica stock in a transaction on Monday, September 9th. The shares were sold at an average price of $195.94, for a total value of $9,155,296.50. Following the completion of the transaction, the director now owns 3,852 shares of the company’s stock, valued at $754,760.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Dennis J. Wilson sold 99,133 shares of Lululemon Athletica stock in a transaction on Friday, September 6th. The stock was sold at an average price of $201.79, for a total transaction of $20,004,048.07. Following the completion of the transaction, the director now directly owns 3,852 shares of the company’s stock, valued at approximately $777,295.08. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by company insiders.
LULU has been the subject of a number of research analyst reports. Citigroup downgraded Lululemon Athletica from a “buy” rating to a “neutral” rating and set a $205.00 price objective for the company. in a report on Monday, October 28th. UBS Group set a $210.00 target price on Lululemon Athletica and gave the company a “hold” rating in a report on Monday, September 9th. Robert W. Baird boosted their price target on Lululemon Athletica from $220.00 to $250.00 and gave the company an “outperform” rating in a research report on Tuesday. Cowen upped their price target on Lululemon Athletica from $235.00 to $250.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, BidaskClub raised shares of Lululemon Athletica from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. Thirteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. Lululemon Athletica has an average rating of “Buy” and a consensus target price of $215.79.
About Lululemon Athletica
lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.
Further Reading: Analyst Ratings Trading
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