Columbus Circle Investors lowered its position in Lululemon Athletica inc. (NASDAQ:LULU) by 15.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 345,874 shares of the apparel retailer’s stock after selling 65,024 shares during the period. Lululemon Athletica makes up about 1.2% of Columbus Circle Investors’ portfolio, making the stock its 23rd largest position. Columbus Circle Investors’ holdings in Lululemon Athletica were worth $42,062,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Schroder Investment Management Group purchased a new stake in shares of Lululemon Athletica during the second quarter worth approximately $1,417,000. United Services Automobile Association raised its stake in shares of Lululemon Athletica by 32.5% during the second quarter. United Services Automobile Association now owns 26,744 shares of the apparel retailer’s stock worth $3,339,000 after purchasing an additional 6,553 shares during the last quarter. Atria Investments LLC purchased a new stake in shares of Lululemon Athletica during the third quarter worth approximately $794,000. DNB Asset Management AS purchased a new stake in shares of Lululemon Athletica during the third quarter worth approximately $1,793,000. Finally, Bank of Montreal Can raised its stake in shares of Lululemon Athletica by 2.4% during the third quarter. Bank of Montreal Can now owns 77,248 shares of the apparel retailer’s stock worth $12,551,000 after purchasing an additional 1,827 shares during the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.
Lululemon Athletica stock opened at $157.32 on Wednesday. The firm has a market capitalization of $19.83 billion, a price-to-earnings ratio of 60.74, a PEG ratio of 1.75 and a beta of 0.55. Lululemon Athletica inc. has a fifty-two week low of $76.60 and a fifty-two week high of $164.79.
Several equities research analysts have recently commented on the company. Citigroup upgraded Lululemon Athletica from a “neutral” rating to a “buy” rating and set a $152.00 price target for the company in a research note on Wednesday, December 12th. Guggenheim restated a “buy” rating and set a $165.00 price target on shares of Lululemon Athletica in a research note on Thursday, December 6th. Stifel Nicolaus raised Lululemon Athletica from a “hold” rating to a “buy” rating and set a $151.00 price objective on the stock in a report on Monday, December 17th. Credit Suisse Group upped their price objective on Lululemon Athletica from $164.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, December 7th. Finally, MKM Partners set a $177.00 price objective on Lululemon Athletica and gave the stock a “buy” rating in a report on Sunday, December 9th. Seven investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. Lululemon Athletica has a consensus rating of “Buy” and a consensus price target of $159.78.
In other Lululemon Athletica news, major shareholder Dennis J. Wilson sold 1,379,000 shares of the company’s stock in a transaction on Wednesday, January 30th. The stock was sold at an average price of $145.00, for a total value of $199,955,000.00. Following the sale, the insider now owns 3,852 shares of the company’s stock, valued at $558,540. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Dennis J. Wilson sold 444,389 shares of the company’s stock in a transaction on Tuesday, January 15th. The shares were sold at an average price of $140.39, for a total value of $62,387,771.71. Following the completion of the sale, the insider now directly owns 3,852 shares in the company, valued at approximately $540,782.28. The disclosure for this sale can be found here. Insiders sold 2,914,928 shares of company stock worth $414,622,960 in the last three months. 0.32% of the stock is owned by corporate insiders.
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Lululemon Athletica Company Profile
lululemon athletica inc., an athletic apparel company, 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.
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