Lululemon Athletica (LULU) Shares Gap Down to $148.91

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Shares of Lululemon Athletica inc. (NASDAQ:LULU) gapped down prior to trading on Friday . The stock had previously closed at $152.09, but opened at $148.91. Lululemon Athletica shares last traded at $143.21, with a volume of 2642472 shares traded.

LULU has been the topic of several research reports. Wells Fargo & Co lowered their price objective on shares of Lululemon Athletica from $200.00 to $175.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 2nd. BidaskClub lowered shares of Lululemon Athletica from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 2nd. Buckingham Research raised shares of Lululemon Athletica from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 9th. Wolfe Research reaffirmed an “outperform” rating and issued a $182.00 price objective (up previously from $177.00) on shares of Lululemon Athletica in a research report on Tuesday, January 15th. Finally, Stifel Nicolaus raised shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $151.00 price objective on the stock in a research report on Monday, December 17th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. Lululemon Athletica presently has an average rating of “Buy” and an average target price of $160.28.

The stock has a market cap of $19.72 billion, a PE ratio of 44.58, a P/E/G ratio of 1.75 and a beta of 0.51.

In other news, major shareholder Dennis J. Wilson sold 244,539 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 3,852 shares of the company’s stock, valued at $577,145.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Dennis J. Wilson sold 444,389 shares of the business’s stock in a transaction that occurred on Tuesday, January 15th. The shares were 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 directly owns 3,852 shares in the company, valued at approximately $540,782.28. The disclosure for this sale can be found here. In the last three months, insiders sold 2,914,928 shares of company stock worth $414,622,960. Insiders own 0.32% of the company’s stock.

A number of large investors have recently modified their holdings of LULU. Oregon Public Employees Retirement Fund grew its stake in Lululemon Athletica by 11,283.2% during 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 acquiring an additional 4,023,801 shares in the last quarter. Jennison Associates LLC purchased a new position in Lululemon Athletica during the fourth quarter valued at approximately $314,834,000. Norges Bank purchased a new position in Lululemon Athletica during the fourth quarter valued at approximately $161,284,000. Vanguard Group Inc grew its stake in Lululemon Athletica by 10.6% during 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 acquiring an additional 899,080 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Lululemon Athletica by 10.6% during 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 acquiring an additional 899,080 shares in the last quarter. 78.22% of the stock is owned by institutional investors.

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Lululemon Athletica Company Profile (NASDAQ:LULU)

lululemon athletica, Inc engages in the design, distribution, and retail of athletic apparel and accessories. It company operates through the following segments: Company-Operated Stores, Direct to Consumer, and Other. The Company-Operated Stores segment comprises of lululemon and ivivva brands; and specialize athletic wear for female youth.

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