Marco Investment Management LLC bought a new stake in Lululemon Athletica inc. (NASDAQ:LULU) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 2,600 shares of the apparel retailer’s stock, valued at approximately $204,000.
Several other hedge funds have also modified their holdings of LULU. Principal Financial Group Inc. boosted its holdings in shares of Lululemon Athletica by 9.8% in the 3rd quarter. Principal Financial Group Inc. now owns 162,313 shares of the apparel retailer’s stock valued at $10,104,000 after purchasing an additional 14,533 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Lululemon Athletica by 46.8% in the 3rd quarter. Sei Investments Co. now owns 30,986 shares of the apparel retailer’s stock valued at $1,929,000 after purchasing an additional 9,877 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Lululemon Athletica by 9.4% during the 3rd quarter. New York State Common Retirement Fund now owns 235,900 shares of the apparel retailer’s stock valued at $14,685,000 after acquiring an additional 20,300 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of Lululemon Athletica by 3,523.1% during the 3rd quarter. Toronto Dominion Bank now owns 45,760 shares of the apparel retailer’s stock valued at $2,848,000 after acquiring an additional 44,497 shares in the last quarter. Finally, Advisor Group Inc. boosted its holdings in shares of Lululemon Athletica by 111.7% during the 3rd quarter. Advisor Group Inc. now owns 11,676 shares of the apparel retailer’s stock valued at $726,000 after acquiring an additional 6,161 shares in the last quarter. 80.17% of the stock is currently owned by hedge funds and other institutional investors.
LULU stock opened at $81.48 on Wednesday. Lululemon Athletica inc. has a 12 month low of $47.26 and a 12 month high of $83.98. The company has a market capitalization of $10,868.23, a P/E ratio of 40.54, a P/E/G ratio of 2.06 and a beta of 0.22.
In related news, major shareholder Dennis J. Wilson sold 722,134 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $77.47, for a total value of $55,943,720.98. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.29% of the stock is currently owned by corporate insiders.
Several equities research analysts recently weighed in on the company. Credit Suisse Group assumed coverage on Lululemon Athletica in a report on Monday, March 12th. They set an “outperform” rating and a $96.00 price objective on the stock. Zacks Investment Research downgraded Lululemon Athletica from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. BidaskClub downgraded Lululemon Athletica from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Oppenheimer reaffirmed an “outperform” rating and set a $88.00 target price on shares of Lululemon Athletica in a report on Tuesday, February 6th. Finally, Canaccord Genuity set a $75.00 target price on Lululemon Athletica and gave the stock a “hold” rating in a report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $75.03.
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Lululemon Athletica 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.
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