Texas Yale Capital Corp. grew its holdings in lululemon athletica inc. (NASDAQ:LULU – Free Report) by 158.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,533 shares of the apparel retailer’s stock after purchasing an additional 7,063 shares during the quarter. Texas Yale Capital Corp.’s holdings in lululemon athletica were worth $2,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Manhattan West Asset Management LLC lifted its stake in lululemon athletica by 5.4% in the first quarter. Manhattan West Asset Management LLC now owns 724 shares of the apparel retailer’s stock valued at $205,000 after buying an additional 37 shares during the period. Horizon Investments LLC increased its stake in shares of lululemon athletica by 2.4% in the 1st quarter. Horizon Investments LLC now owns 1,610 shares of the apparel retailer’s stock valued at $456,000 after acquiring an additional 38 shares in the last quarter. GM Advisory Group LLC lifted its position in shares of lululemon athletica by 2.0% during the 1st quarter. GM Advisory Group LLC now owns 1,992 shares of the apparel retailer’s stock valued at $564,000 after acquiring an additional 40 shares during the period. Hancock Whitney Corp boosted its stake in lululemon athletica by 4.6% during the first quarter. Hancock Whitney Corp now owns 951 shares of the apparel retailer’s stock worth $269,000 after acquiring an additional 42 shares in the last quarter. Finally, Optimize Financial Inc grew its holdings in lululemon athletica by 2.3% in the first quarter. Optimize Financial Inc now owns 2,043 shares of the apparel retailer’s stock worth $578,000 after purchasing an additional 45 shares during the period. Institutional investors own 85.20% of the company’s stock.
lululemon athletica Stock Performance
Shares of LULU stock opened at $163.55 on Friday. The company has a market capitalization of $19.39 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 10.64 and a beta of 1.07. lululemon athletica inc. has a 52-week low of $159.25 and a 52-week high of $423.32. The company has a 50-day simple moving average of $174.13 and a two-hundred day simple moving average of $223.17.
Insider Activity
In related news, insider Nicole Neuburger sold 615 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $178.00, for a total transaction of $109,470.00. Following the sale, the insider directly owned 8,993 shares in the company, valued at approximately $1,600,754. This represents a 6.40% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on LULU shares. Sanford C. Bernstein lowered shares of lululemon athletica from an “outperform” rating to a “market perform” rating and set a $190.00 price objective on the stock. in a report on Thursday, October 16th. Dbs Bank lowered their target price on lululemon athletica from $165.00 to $134.00 in a research report on Friday, September 19th. Baird R W cut lululemon athletica from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Oppenheimer restated a “market perform” rating and set a $500.00 price target on shares of lululemon athletica in a research note on Friday, September 5th. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $180.00 price objective (down from $265.00) on shares of lululemon athletica in a research note on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirty have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, lululemon athletica currently has a consensus rating of “Hold” and an average target price of $228.42.
View Our Latest Stock Report on lululemon athletica
lululemon athletica Company Profile
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.
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