Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Net Worth Advisory Group

Net Worth Advisory Group reduced its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,225 shares of the apparel retailer’s stock after selling 58 shares during the quarter. Net Worth Advisory Group’s holdings in Lululemon Athletica were worth $468,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Clare Market Investments LLC acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth $1,260,000. Johnson Investment Counsel Inc. purchased a new position in Lululemon Athletica during the fourth quarter worth about $250,000. Lauterbach Financial Advisors LLC acquired a new stake in Lululemon Athletica in the 4th quarter worth about $229,000. Taika Capital LP acquired a new position in shares of Lululemon Athletica during the 4th quarter valued at about $713,000. Finally, SLT Holdings LLC purchased a new position in shares of Lululemon Athletica during the 4th quarter worth about $211,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the sale, the insider now owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.48% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on LULU. UBS Group boosted their price target on Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. KeyCorp increased their target price on shares of Lululemon Athletica from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Evercore ISI boosted their price objective on shares of Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Morgan Stanley lifted their target price on shares of Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. Finally, Telsey Advisory Group increased their price target on Lululemon Athletica from $430.00 to $445.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $399.14.

Lululemon Athletica Stock Performance

Shares of LULU opened at $319.42 on Wednesday. The firm’s 50 day moving average price is $380.70 and its two-hundred day moving average price is $334.18. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $480.94. The firm has a market cap of $38.90 billion, a P/E ratio of 23.06, a PEG ratio of 2.22 and a beta of 1.21.

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.