Asset Planning Inc bought a new position in Lululemon Athletica Inc. (NASDAQ:LULU – Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 85 shares of the apparel retailer’s stock, valued at approximately $33,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. V Square Quantitative Management LLC raised its holdings in shares of Lululemon Athletica by 1.9% in the 4th quarter. V Square Quantitative Management LLC now owns 3,240 shares of the apparel retailer’s stock worth $1,239,000 after purchasing an additional 59 shares in the last quarter. Investment Partners Asset Management Inc. bought a new stake in shares of Lululemon Athletica in the 4th quarter worth approximately $275,000. Van ECK Associates Corp raised its holdings in shares of Lululemon Athletica by 5.0% in the 4th quarter. Van ECK Associates Corp now owns 43,569 shares of the apparel retailer’s stock worth $16,661,000 after purchasing an additional 2,073 shares in the last quarter. Davidson Capital Management Inc. raised its holdings in shares of Lululemon Athletica by 4.3% in the 4th quarter. Davidson Capital Management Inc. now owns 10,557 shares of the apparel retailer’s stock worth $4,037,000 after purchasing an additional 433 shares in the last quarter. Finally, Great Lakes Retirement Inc. raised its holdings in shares of Lululemon Athletica by 4.5% in the 4th quarter. Great Lakes Retirement Inc. now owns 4,052 shares of the apparel retailer’s stock worth $1,550,000 after purchasing an additional 173 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors.
Lululemon Athletica Stock Down 6.2 %
Shares of LULU opened at $366.68 on Friday. The company’s fifty day moving average is $392.03 and its 200-day moving average is $319.70. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $480.94. The firm has a market cap of $44.65 billion, a price-to-earnings ratio of 26.48, a price-to-earnings-growth ratio of 2.51 and a beta of 1.19.
Insider Activity at Lululemon Athletica
In related news, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction on Thursday, December 26th. The shares were 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 in the company, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the completion of the transaction, the insider now owns 12,429 shares in the company, valued at $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
LULU has been the topic of a number of research reports. BMO Capital Markets boosted their target price on shares of Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Jefferies Financial Group restated an “underperform” rating and issued a $220.00 price target on shares of Lululemon Athletica in a research report on Monday, December 2nd. Robert W. Baird upped their price target on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. TD Cowen upped their price target on shares of Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $438.00 price target (up previously from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, Lululemon Athletica has an average rating of “Moderate Buy” and a consensus price target of $399.14.
Get Our Latest Stock Analysis on LULU
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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