3 days Ago By ABMN Staff
Federated Hermes Inc. decreased its position in Lululemon Athletica Inc. ( NASDAQ:LULU – Free Report ) by 73.
0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,528 shares of the apparel retailer’s stock after selling 155,424 shares during the period. Federated Hermes Inc.
’s holdings in Lululemon Athletica were worth $17,184,000 as of its most recent SEC filing. Several other institutional investors have also bought and sold shares of LULU. Tidemark LLC purchased a new position in Lululemon Athletica in the fourth quarter valued at approximately $26,000.
Scarborough Advisors LLC purchased a new position in Lululemon Athletica in the fourth quarter valued at approximately $26,000. Benjamin Edwards Inc. lifted its stake in Lululemon Athletica by 176.
0% in the first quarter. Benjamin Edwards Inc. now owns 69 shares of the apparel retailer’s stock valued at $27,000 after purchasing an additional 44 shares during the last quarter.
Riverview Trust Co purchased a new position in Lululemon Athletica in the first quarter valued at approximately $29,000. Finally, Larson Financial Group LLC lifted its stake in Lululemon Athletica by 78.2% in the second quarter.
Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.
Lululemon Athletica Trading Up 2.5 % Shares of NASDAQ:LULU opened at $266.76 on Monday.
The stock’s 50-day moving average price is $262.01 and its 200-day moving average price is $324.07.
Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $516.
39. The stock has a market capitalization of $33.35 billion, a P/E ratio of 21.
39, a price-to-earnings-growth ratio of 1.38 and a beta of 1.25.
Lululemon Athletica announced that its board has authorized a share buyback program on Wednesday, June 5th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the apparel retailer to purchase up to 2.
5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued. Analyst Upgrades and Downgrades Several research firms have issued reports on LULU.
TD Cowen dropped their target price on Lululemon Athletica from $420.00 to $375.00 and set a “buy” rating on the stock in a research report on Tuesday, August 27th.
Morgan Stanley dropped their target price on Lululemon Athletica from $329.00 to $326.00 and set an “overweight” rating on the stock in a research report on Sunday, September 1st.
Stifel Nicolaus dropped their target price on Lululemon Athletica from $416.00 to $370.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd.
Telsey Advisory Group dropped their target price on Lululemon Athletica from $470.00 to $360.00 and set an “outperform” rating on the stock in a research report on Monday, August 26th.
Finally, KeyCorp dropped their target price on Lululemon Athletica from $415.00 to $350.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th.
Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat.com, Lululemon Athletica has an average rating of “Moderate Buy” and an average target price of $354.
94. Get Our Latest Report on LULU Insider Activity In other news, CEO Calvin Mcdonald bought 4,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was bought at an average cost of $260.
00 per share, for a total transaction of $1,040,000.00. Following the completion of the acquisition, the chief executive officer now owns 89,922 shares in the company, valued at approximately $23,379,720.
The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . Insiders own 0.48% of the company’s stock.
About Lululemon Athletica ( Free Report ) 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.
Further Reading Want to see what other hedge funds are holding LULU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lululemon Athletica Inc. ( NASDAQ:LULU – Free Report ).
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