Trilogy Capital Inc. grew its stake in shares of lululemon athletica inc. (NASDAQ:LULU – Free Report) by 40.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,363 shares of the apparel retailer’s stock after acquiring an additional 7,308 shares during the quarter. Trilogy Capital Inc.’s holdings in lululemon athletica were worth $2,896,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the stock. Integrated Financial Solutions Inc. acquired a new position in lululemon athletica during the fourth quarter worth approximately $26,000. Uniplan Investment Counsel Inc. acquired a new position in shares of lululemon athletica in the 4th quarter valued at $26,000. Elyxium Wealth LLC purchased a new stake in shares of lululemon athletica during the 4th quarter valued at $31,000. Rexford Capital Inc. purchased a new stake in shares of lululemon athletica during the 1st quarter valued at $31,000. Finally, DV Equities LLC acquired a new stake in shares of lululemon athletica during the 4th quarter worth $31,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.
lululemon athletica Trading Down 0.5%
NASDAQ:LULU opened at $123.03 on Wednesday. The firm has a market capitalization of $14.60 billion, a price-to-earnings ratio of 9.93, a PEG ratio of 4.05 and a beta of 0.86. The firm’s fifty day simple moving average is $118.11 and its 200 day simple moving average is $146.29. lululemon athletica inc. has a twelve month low of $104.44 and a twelve month high of $225.98.
Insider Buying and Selling at lululemon athletica
In related news, Director Charles V. Bergh bought 4,275 shares of the stock in a transaction dated Monday, June 15th. The stock was acquired at an average price of $117.05 per share, for a total transaction of $500,388.75. Following the completion of the purchase, the director owned 10,365 shares in the company, valued at $1,213,223.25. This represents a 70.20% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.54% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the company. Barclays cut their target price on lululemon athletica from $161.00 to $113.00 and set an “equal weight” rating on the stock in a research report on Friday, June 5th. Zacks Research downgraded lululemon athletica from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 10th. Freedom Capital upgraded lululemon athletica from a “strong sell” rating to a “hold” rating in a research note on Friday, June 5th. Wells Fargo & Company cut their price objective on lululemon athletica from $110.00 to $105.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 21st. Finally, Weiss Ratings downgraded lululemon athletica from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twenty-four have given a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat, lululemon athletica currently has a consensus rating of “Reduce” and a consensus price target of $148.54.
Check Out Our Latest Stock Analysis on LULU
About lululemon athletica
lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.
Products are developed in-house and produced through a network of third-party manufacturers.
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