PRW Wealth Management LLC Purchases New Holdings in Lululemon Athletica inc. (LULU)

Share on StockTwits

PRW Wealth Management LLC purchased a new stake in Lululemon Athletica inc. (NASDAQ:LULU) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 281 shares of the apparel retailer’s stock, valued at approximately $34,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Lululemon Athletica by 10.6% in the third quarter. Vanguard Group Inc. now owns 9,411,318 shares of the apparel retailer’s stock valued at $1,529,244,000 after buying an additional 899,080 shares during the period. Vanguard Group Inc raised its holdings in Lululemon Athletica by 10.6% in the third quarter. Vanguard Group Inc now owns 9,411,318 shares of the apparel retailer’s stock valued at $1,529,244,000 after buying an additional 899,080 shares during the period. BlackRock Inc. raised its holdings in Lululemon Athletica by 10.8% in the third quarter. BlackRock Inc. now owns 6,680,814 shares of the apparel retailer’s stock valued at $1,085,564,000 after buying an additional 650,365 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in Lululemon Athletica by 11,283.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,059,463 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 4,023,801 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Lululemon Athletica by 12.9% in the third quarter. JPMorgan Chase & Co. now owns 2,873,494 shares of the apparel retailer’s stock valued at $466,913,000 after buying an additional 328,478 shares during the period. Hedge funds and other institutional investors own 78.47% of the company’s stock.

Shares of NASDAQ:LULU opened at $144.18 on Friday. The firm has a market capitalization of $19.07 billion, a P/E ratio of 55.67, a P/E/G ratio of 1.72 and a beta of 0.51. Lululemon Athletica inc. has a 12-month low of $77.97 and a 12-month high of $164.79.

Several research analysts recently commented on the stock. Nomura restated a “neutral” rating and issued a $157.00 price target (up previously from $140.00) on shares of Lululemon Athletica in a report on Tuesday, February 19th. They noted that the move was a valuation call. BidaskClub upgraded shares of Lululemon Athletica from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 22nd. MKM Partners lifted their price objective on shares of Lululemon Athletica from $177.00 to $179.00 and gave the company a “buy” rating in a research note on Wednesday, January 16th. Wolfe Research reiterated an “outperform” rating and set a $182.00 price objective (up previously from $177.00) on shares of Lululemon Athletica in a research note on Tuesday, January 15th. Finally, Buckingham Research upgraded shares of Lululemon Athletica from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. Lululemon Athletica has a consensus rating of “Buy” and a consensus target price of $160.94.

In related news, major shareholder Dennis J. Wilson sold 244,539 shares of Lululemon Athletica stock in a transaction on Monday, January 28th. The shares were sold at an average price of $149.83, for a total value of $36,639,278.37. Following the completion of the sale, the insider now owns 3,852 shares in the company, valued at $577,145.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Dennis J. Wilson sold 444,389 shares of Lululemon Athletica stock in a transaction on Tuesday, January 15th. The stock was sold at an average price of $140.39, for a total transaction of $62,387,771.71. Following the completion of the sale, the insider now owns 3,852 shares of the company’s stock, valued at approximately $540,782.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,914,928 shares of company stock valued at $414,622,960. Insiders own 0.32% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “PRW Wealth Management LLC Purchases New Holdings in Lululemon Athletica inc. (LULU)” was first published by Highlight Press and is owned by of Highlight Press. If you are reading this piece on another domain, it was illegally copied and republished in violation of international trademark and copyright legislation. The legal version of this piece can be viewed at https://highlightpress.com/2019/03/15/prw-wealth-management-llc-purchases-new-holdings-in-lululemon-athletica-inc-lulu.html.

About Lululemon Athletica

lululemon athletica inc., an athletic apparel company, 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.

See Also: Why do earnings reports matter?

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).

Institutional Ownership by Quarter for Lululemon Athletica (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.