CreativeOne Wealth LLC Makes New Investment in Lululemon Athletica Inc. (NASDAQ:LULU)

CreativeOne Wealth LLC purchased a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,009 shares of the apparel retailer’s stock, valued at approximately $274,000.

Other institutional investors have also recently made changes to their positions in the company. Value Star Asset Management Hong Kong Ltd increased its position in Lululemon Athletica by 19,890.3% in the 2nd quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer’s stock valued at $1,390,074,000 after buying an additional 4,630,466 shares in the last quarter. American Century Companies Inc. raised its position in shares of Lululemon Athletica by 4.9% during the second quarter. American Century Companies Inc. now owns 1,769,096 shares of the apparel retailer’s stock worth $528,429,000 after purchasing an additional 82,731 shares during the period. Legal & General Group Plc lifted its holdings in shares of Lululemon Athletica by 3.7% in the 2nd quarter. Legal & General Group Plc now owns 1,040,384 shares of the apparel retailer’s stock worth $310,763,000 after purchasing an additional 37,239 shares in the last quarter. International Assets Investment Management LLC grew its position in Lululemon Athletica by 74,856.2% in the 3rd quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer’s stock valued at $243,055,000 after purchasing an additional 894,531 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Lululemon Athletica by 38.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 737,872 shares of the apparel retailer’s stock valued at $220,423,000 after purchasing an additional 203,882 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Activity

In other news, insider Nicole Neuburger sold 486 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the completion of the transaction, the insider now directly owns 6,198 shares in the company, valued at approximately $1,670,918.82. This trade represents a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.48% of the stock is owned by company insiders.

Lululemon Athletica Trading Up 4.3 %

Lululemon Athletica stock opened at $334.40 on Tuesday. The firm has a 50 day simple moving average of $297.19 and a 200 day simple moving average of $287.01. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $516.39. The firm has a market capitalization of $41.06 billion, a price-to-earnings ratio of 25.84, a P/E/G ratio of 2.33 and a beta of 1.24.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LULU. Sanford C. Bernstein reduced their price objective on shares of Lululemon Athletica from $345.00 to $325.00 and set a “market perform” rating for the company in a report on Friday, August 30th. UBS Group decreased their price objective on Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating for the company in a report on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft raised their target price on Lululemon Athletica from $291.00 to $292.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Stifel Nicolaus decreased their price target on Lululemon Athletica from $416.00 to $370.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Finally, TD Cowen dropped their price objective on Lululemon Athletica from $420.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $357.81.

About Lululemon Athletica

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.