Paloma Partners Management Co increased its position in Lululemon Athletica inc. (NASDAQ:LULU) by 44.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 29,986 shares of the apparel retailer’s stock after acquiring an additional 9,283 shares during the period. Paloma Partners Management Co’s holdings in Lululemon Athletica were worth $2,357,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Lululemon Athletica by 702.6% in the fourth 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 lifted its holdings in shares of Lululemon Athletica by 183.2% in the third 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. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Lululemon Athletica in the third quarter valued at $156,000. Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at $171,000. Finally, American International Group Inc. acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at $180,000. Institutional investors and hedge funds own 80.18% of the company’s stock.
Lululemon Athletica inc. (NASDAQ:LULU) opened at $79.80 on Wednesday. Lululemon Athletica inc. has a 52-week low of $47.26 and a 52-week high of $83.98. The firm has a market capitalization of $10,875.00, a PE ratio of 35.39, a price-to-earnings-growth ratio of 2.06 and a beta of 0.22.
Several analysts have recently weighed in on the company. SunTrust Banks upped their price objective on Lululemon Athletica to $90.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. Zacks Investment Research lowered Lululemon Athletica from a “hold” rating to a “sell” rating in a report on Tuesday, November 28th. MKM Partners upped their price objective on Lululemon Athletica from $89.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Robert W. Baird restated an “in-line” rating and issued a $82.00 price objective (up previously from $72.00) on shares of Lululemon Athletica in a report on Thursday, December 7th. Finally, Needham & Company LLC upped their target price on Lululemon Athletica from $79.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Lululemon Athletica presently has an average rating of “Buy” and an average price target of $75.03.
In other Lululemon Athletica news, major shareholder Dennis J. Wilson sold 722,134 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was 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. Corporate insiders own 0.29% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This news story was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The correct version of this news story can be viewed at https://sportsperspectives.com/2018/03/14/lululemon-athletica-inc-lulu-shares-bought-by-paloma-partners-management-co.html.
Lululemon Athletica 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.
Want to see what other hedge funds are holding LULU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lululemon Athletica inc. (NASDAQ:LULU).
Receive News & Ratings for Lululemon Athletica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lululemon Athletica and related companies with MarketBeat.com's FREE daily email newsletter.