Sunbelt Securities Inc. Invests $203,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

Sunbelt Securities Inc. bought a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU – Get Rating) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 727 shares of the apparel retailer’s stock, valued at approximately $203,000.

A number of other institutional investors also recently bought and sold shares of LULU. Bridgewater Associates LP grew its holdings in Lululemon Athletica by 27.4% during the 2nd quarter. Bridgewater Associates LP now owns 65,303 shares of the apparel retailer’s stock valued at $17,802,000 after purchasing an additional 14,025 shares during the last quarter. Achmea Investment Management B.V. grew its stake in shares of Lululemon Athletica by 2.8% during the third quarter. Achmea Investment Management B.V. now owns 8,420 shares of the apparel retailer’s stock valued at $2,354,000 after buying an additional 228 shares during the last quarter. Industrial Alliance Investment Management Inc. raised its holdings in shares of Lululemon Athletica by 3.5% in the third quarter. Industrial Alliance Investment Management Inc. now owns 7,625 shares of the apparel retailer’s stock worth $2,132,000 after buying an additional 257 shares during the period. Apollon Wealth Management LLC lifted its stake in shares of Lululemon Athletica by 9.0% during the 2nd quarter. Apollon Wealth Management LLC now owns 1,909 shares of the apparel retailer’s stock worth $520,000 after acquiring an additional 158 shares during the last quarter. Finally, Mitchell Capital Management Co. boosted its holdings in Lululemon Athletica by 21.1% during the 3rd quarter. Mitchell Capital Management Co. now owns 4,246 shares of the apparel retailer’s stock valued at $1,187,000 after acquiring an additional 739 shares during the period. 82.04% of the stock is currently owned by institutional investors.

Lululemon Athletica Stock Performance

Shares of LULU stock opened at $294.74 on Friday. The stock’s fifty day moving average is $310.71 and its 200-day moving average is $320.90. The stock has a market capitalization of $37.58 billion, a PE ratio of 32.39, a PEG ratio of 1.30 and a beta of 1.35. Lululemon Athletica Inc. has a 52 week low of $251.51 and a 52 week high of $410.70.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on LULU shares. Citigroup reduced their target price on Lululemon Athletica from $400.00 to $350.00 and set a “neutral” rating on the stock in a research note on Friday, January 13th. Stifel Nicolaus upped their price objective on shares of Lululemon Athletica from $400.00 to $450.00 in a research report on Monday, December 5th. Argus decreased their price target on Lululemon Athletica from $415.00 to $350.00 and set a “buy” rating on the stock in a research note on Wednesday, January 11th. StockNews.com assumed coverage on Lululemon Athletica in a report on Thursday. They issued a “hold” rating on the stock. Finally, UBS Group dropped their target price on shares of Lululemon Athletica from $395.00 to $390.00 and set a “neutral” rating for the company in a report on Friday, December 9th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Lululemon Athletica has a consensus rating of “Moderate Buy” and an average price target of $398.23.

Lululemon Athletica Company Profile

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