Moors & Cabot Inc. decreased its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU – Free Report) by 41.0% in the 4th quarter, HoldingsChannel reports. The firm owned 853 shares of the apparel retailer’s stock after selling 593 shares during the period. Moors & Cabot Inc.’s holdings in Lululemon Athletica were worth $326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also added to or reduced their stakes in the company. Kestra Investment Management LLC acquired a new stake in Lululemon Athletica during the 4th quarter valued at $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Lululemon Athletica during the 4th quarter valued at $32,000. Sound Income Strategies LLC lifted its holdings in Lululemon Athletica by 309.5% during the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 65 shares during the last quarter. Asset Planning Inc acquired a new stake in Lululemon Athletica during the 4th quarter valued at $33,000. Finally, Golden State Wealth Management LLC acquired a new stake in Lululemon Athletica during the 4th quarter valued at $36,000. Institutional investors and hedge funds own 85.20% of the company’s stock.
Lululemon Athletica Trading Up 0.4 %
NASDAQ:LULU opened at $311.03 on Friday. The stock has a market cap of $37.88 billion, a P/E ratio of 22.46, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. The stock’s 50-day moving average is $376.79 and its 200-day moving average is $334.60. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $480.94.
Analysts Set New Price Targets
Read Our Latest Research Report on LULU
Insider Transactions at Lululemon Athletica
In related news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.48% of the company’s stock.
Lululemon Athletica Company Profile
Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.
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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 – Free Report).
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