Fairfax Financial Holdings Ltd. Can decreased its holdings in lululemon athletica inc. (NASDAQ:LULU – Free Report) by 50.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 12,500 shares of the apparel retailer’s stock after selling 12,500 shares during the quarter. lululemon athletica accounts for 0.1% of Fairfax Financial Holdings Ltd. Can’s investment portfolio, making the stock its 22nd biggest holding. Fairfax Financial Holdings Ltd. Can’s holdings in lululemon athletica were worth $2,597,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Integrated Financial Solutions Inc. purchased a new stake in shares of lululemon athletica in the fourth quarter worth approximately $26,000. GoalVest Advisory LLC bought a new position in shares of lululemon athletica in the fourth quarter valued at approximately $27,000. Elyxium Wealth LLC purchased a new position in shares of lululemon athletica during the fourth quarter valued at approximately $31,000. Aventura Private Wealth LLC purchased a new position in shares of lululemon athletica during the fourth quarter valued at approximately $39,000. Finally, GW&K Investment Management LLC grew its holdings in lululemon athletica by 70.3% during the fourth quarter. GW&K Investment Management LLC now owns 189 shares of the apparel retailer’s stock worth $39,000 after buying an additional 78 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.
lululemon athletica Price Performance
Shares of NASDAQ:LULU opened at $115.50 on Wednesday. lululemon athletica inc. has a 1 year low of $109.36 and a 1 year high of $252.24. The company has a market capitalization of $13.71 billion, a PE ratio of 9.32, a price-to-earnings-growth ratio of 3.74 and a beta of 0.87. The business has a fifty day moving average price of $136.47 and a two-hundred day moving average price of $167.45.
Insider Buying and Selling
In related news, Director Charles V. Bergh acquired 4,275 shares of the stock in a transaction on Monday, June 15th. The shares were acquired at an average price of $117.05 per share, with a total value of $500,388.75. Following the completion of the transaction, the director owned 10,365 shares in the company, valued at approximately $1,213,223.25. The trade was a 70.20% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andre Maestrini bought 3,275 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was bought at an average price of $151.02 per share, for a total transaction of $494,590.50. Following the completion of the purchase, the chief executive officer owned 34,551 shares of the company’s stock, valued at approximately $5,217,892.02. The trade was a 10.47% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders purchased 13,640 shares of company stock worth $1,994,957. Insiders own 0.54% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. Evercore lowered their price target on lululemon athletica from $175.00 to $130.00 in a research report on Wednesday, June 3rd. Sanford C. Bernstein reduced their target price on shares of lululemon athletica from $170.00 to $145.00 and set a “market perform” rating for the company in a research note on Wednesday, June 3rd. UBS Group lowered their target price on shares of lululemon athletica from $153.00 to $124.00 and set a “neutral” rating for the company in a report on Sunday, June 7th. Bank of America dropped their price target on shares of lululemon athletica from $175.00 to $140.00 and set a “neutral” rating on the stock in a research report on Friday, June 5th. Finally, Jefferies Financial Group cut their price target on shares of lululemon athletica from $145.00 to $115.00 and set a “hold” rating on the stock in a report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twenty-six have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $152.88.
Get Our Latest Stock Report on lululemon athletica
About lululemon athletica
lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.
Products are developed in-house and produced through a network of third-party manufacturers.
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