Millennium Management LLC grew its position in Lululemon Athletica inc. (NASDAQ:LULU) by 340.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 855,796 shares of the apparel retailer’s stock after buying an additional 661,547 shares during the period. Millennium Management LLC owned 0.63% of Lululemon Athletica worth $67,257,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Lululemon Athletica by 702.6% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,525 shares of the apparel retailer’s stock valued at $120,000 after buying an additional 1,335 shares during the period. Zions Bancorporation grew its stake in shares of Lululemon Athletica by 183.2% in the 3rd quarter. Zions Bancorporation now owns 2,096 shares of the apparel retailer’s stock valued at $130,000 after buying an additional 1,356 shares during the period. Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of Lululemon Athletica in the 4th quarter valued at approximately $171,000. American International Group Inc. purchased a new stake in shares of Lululemon Athletica in the 4th quarter valued at approximately $180,000. Finally, Thompson Siegel & Walmsley LLC purchased a new position in shares of Lululemon Athletica during the 3rd quarter worth approximately $156,000. 80.18% of the stock is owned by institutional investors and hedge funds.
In other news, major shareholder Dennis J. Wilson sold 722,134 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $77.47, for a total value of $55,943,720.98. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.29% of the stock is currently owned by company insiders.
LULU has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Lululemon Athletica from a “hold” rating to a “sell” rating in a research report on Tuesday, November 28th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Lululemon Athletica in a research report on Tuesday, January 9th. BidaskClub raised shares of Lululemon Athletica from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 27th. Canaccord Genuity set a $43.00 price objective on shares of Lululemon Athletica and gave the stock a “sell” rating in a research report on Tuesday, December 5th. Finally, Cowen set a $90.00 price objective on shares of Lululemon Athletica and gave the stock a “buy” rating in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $75.03.
Shares of Lululemon Athletica inc. (NASDAQ LULU) opened at $80.76 on Friday. Lululemon Athletica inc. has a fifty-two week low of $47.26 and a fifty-two week high of $83.98. The firm has a market cap of $10,933.21, a price-to-earnings ratio of 40.18, a PEG ratio of 2.07 and a beta of 0.22.
Lululemon Athletica announced that its Board of Directors has authorized a share buyback plan on Wednesday, December 6th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the apparel retailer to repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.
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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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