Point72 Asset Management L.P. lowered its stake in shares of Lululemon Athletica inc. (NASDAQ:LULU) by 88.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 55,560 shares of the apparel retailer’s stock after selling 417,878 shares during the quarter. Point72 Asset Management L.P.’s holdings in Lululemon Athletica were worth $12,872,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. WCM Investment Management LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at approximately $763,460,000. State Street Corp increased its stake in shares of Lululemon Athletica by 1.0% in the 4th quarter. State Street Corp now owns 2,751,406 shares of the apparel retailer’s stock valued at $637,418,000 after buying an additional 26,073 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Lululemon Athletica by 7.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,093,747 shares of the apparel retailer’s stock valued at $253,389,000 after buying an additional 78,484 shares during the period. William Blair Investment Management LLC increased its stake in shares of Lululemon Athletica by 84.1% in the 4th quarter. William Blair Investment Management LLC now owns 603,340 shares of the apparel retailer’s stock valued at $139,776,000 after buying an additional 275,613 shares during the period. Finally, Eagle Asset Management Inc. raised its position in shares of Lululemon Athletica by 2.1% during the fourth quarter. Eagle Asset Management Inc. now owns 495,338 shares of the apparel retailer’s stock worth $114,754,000 after acquiring an additional 10,103 shares during the last quarter. Hedge funds and other institutional investors own 80.64% of the company’s stock.
In other news, Director Dennis J. Wilson sold 35,489 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $222.60, for a total transaction of $7,899,851.40. Following the sale, the director now owns 3,852 shares of the company’s stock, valued at $857,455.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Stuart Haselden sold 27,451 shares of Lululemon Athletica stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $232.78, for a total value of $6,390,043.78. Following the transaction, the chief operating officer now owns 15,247 shares in the company, valued at approximately $3,549,196.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 273,514 shares of company stock worth $47,186,413. Corporate insiders own 0.34% of the company’s stock.
Several equities analysts have recently issued reports on LULU shares. William Blair reaffirmed a “buy” rating on shares of Lululemon Athletica in a research note on Thursday, December 5th. Cowen dropped their price objective on Lululemon Athletica from $265.00 to $241.00 and set an “outperform” rating for the company in a report on Thursday, March 12th. Stifel Nicolaus restated a “buy” rating and set a $273.00 target price on shares of Lululemon Athletica in a research report on Thursday, December 12th. Guggenheim upped their target price on shares of Lululemon Athletica from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Finally, Citigroup raised shares of Lululemon Athletica from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Friday, March 20th. Thirteen research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $233.68.
About Lululemon Athletica
lululemon athletica inc., 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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