MetLife Investment Management LLC decreased its holdings in Lululemon Athletica Inc. (NASDAQ:LULU – Get Rating) by 2.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 6,754 shares of the apparel retailer's stock after selling 178 shares during the quarter. MetLife Investment Management LLC's holdings in Lululemon Athletica were worth $2,164,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the business. Allstate Corp lifted its position in shares of Lululemon Athletica by 0.8% during the 3rd quarter. Allstate Corp now owns 3,991 shares of the apparel retailer's stock worth $1,116,000 after buying an additional 31 shares in the last quarter. Fulton Bank N.A. lifted its position in shares of Lululemon Athletica by 0.9% during the 4th quarter. Fulton Bank N.A. now owns 3,734 shares of the apparel retailer's stock worth $1,196,000 after buying an additional 33 shares in the last quarter. Lincoln National Corp lifted its position in shares of Lululemon Athletica by 3.7% during the 3rd quarter. Lincoln National Corp now owns 948 shares of the apparel retailer's stock worth $265,000 after buying an additional 34 shares in the last quarter. Kistler Tiffany Companies LLC lifted its position in shares of Lululemon Athletica by 6.1% during the 3rd quarter. Kistler Tiffany Companies LLC now owns 595 shares of the apparel retailer's stock worth $166,000 after buying an additional 34 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in shares of Lululemon Athletica by 0.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 12,811 shares of the apparel retailer's stock worth $4,104,000 after buying an additional 35 shares in the last quarter. Institutional investors own 82.04% of the company's stock.
Get Lululemon Athletica alerts:Lululemon Athletica Trading Up 1.7 %
Shares of LULU traded up $5.23 during mid-day trading on Friday, reaching $313.45. 1,508,107 shares of the stock traded hands, compared to its average volume of 1,822,664. The firm has a fifty day moving average price of $310.05 and a 200 day moving average price of $320.81. The company has a market cap of $39.97 billion, a price-to-earnings ratio of 34.45, a price-to-earnings-growth ratio of 1.34 and a beta of 1.35. Lululemon Athletica Inc. has a 1 year low of $251.51 and a 1 year high of $410.70.
Analyst Upgrades and Downgrades
Several research firms have commented on LULU. Guggenheim dropped their target price on shares of Lululemon Athletica from $475.00 to $400.00 in a research report on Tuesday, January 10th. Morgan Stanley raised their price target on shares of Lululemon Athletica from $343.00 to $387.00 and gave the stock an "overweight" rating in a research note on Friday, December 9th. Piper Sandler decreased their price target on shares of Lululemon Athletica from $390.00 to $385.00 and set an "overweight" rating for the company in a research note on Thursday, January 5th. JPMorgan Chase & Co. decreased their price target on shares of Lululemon Athletica from $440.00 to $430.00 and set a "neutral" rating for the company in a research note on Wednesday. Finally, StockNews.com assumed coverage on shares of Lululemon Athletica in a research note on Thursday, March 16th. They set a "hold" rating for the company. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Lululemon Athletica has an average rating of "Moderate Buy" and a consensus target price of $398.80.
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.
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