Two Sigma Investments LP lifted its holdings in Lululemon Athletica inc. (NASDAQ:LULU) by 144.2% in the 4th quarter, Holdings Channel reports. The firm owned 464,138 shares of the apparel retailer’s stock after buying an additional 274,098 shares during the quarter. Two Sigma Investments LP’s holdings in Lululemon Athletica were worth $36,477,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in LULU. Harel Insurance Investments & Financial Services Ltd. lifted its position in Lululemon Athletica by 702.6% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,525 shares of the apparel retailer’s stock worth $120,000 after acquiring an additional 1,335 shares during the last quarter. Zions Bancorporation lifted its position in Lululemon Athletica by 183.2% during the 3rd quarter. Zions Bancorporation now owns 2,096 shares of the apparel retailer’s stock worth $130,000 after acquiring an additional 1,356 shares during the last quarter. Thompson Siegel & Walmsley LLC acquired a new position in Lululemon Athletica during the 3rd quarter worth $156,000. Gilder Gagnon Howe & Co. LLC acquired a new position in Lululemon Athletica during the 4th quarter worth $171,000. Finally, American International Group Inc. acquired a new position in Lululemon Athletica during the 4th quarter worth $180,000. 80.18% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have weighed in on LULU shares. Citigroup boosted their target price on shares of Lululemon Athletica to $78.00 and gave the stock a “buy” rating in a research report on Thursday, December 7th. Wells Fargo & Co set a $79.00 target price on shares of Lululemon Athletica and gave the stock a “hold” rating in a research report on Thursday, January 11th. SunTrust Banks reissued a “buy” rating and set a $95.00 target price on shares of Lululemon Athletica in a research report on Friday, February 2nd. Royal Bank of Canada reissued a “buy” rating and set a $77.00 target price on shares of Lululemon Athletica in a research report on Friday, December 8th. Finally, Stifel Nicolaus boosted their target price on shares of Lululemon Athletica from $66.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Lululemon Athletica presently has a consensus rating of “Buy” and a consensus target price of $75.03.
In other Lululemon Athletica news, major shareholder Dennis J. Wilson sold 722,134 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $77.47, for a total value of $55,943,720.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.29% of the stock is owned by insiders.
Lululemon Athletica inc. (NASDAQ:LULU) opened at $79.80 on Wednesday. The company has a market cap 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. Lululemon Athletica inc. has a 12-month low of $47.26 and a 12-month high of $83.98.
Lululemon Athletica declared that its board has approved 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 purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
About Lululemon Athletica
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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