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Lululemon Stock Shows Bullish Unusual Institutional Activity

Lucas Downey

A gain of 33.53% in 2018 for shares of Lululemon Athletica Inc. ( LULU) likely couldn't have happened without strong institutional support. LULU's shares have been performing very well this year alongside other apparel names, with Nike, Inc. ( NKE) up 14.03% year to date (YTD) and Under Armour, Inc. ( UA) up 31.64% YTD. In our opinion, this performance supports a bullish undertone for the sector and thus for Lululemon stock. With athleisure growing in popularity, Lululemon is a key beneficiary of that growth.