Zurcher Kantonalbank Zurich Cantonalbank Trims Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Zurcher Kantonalbank Zurich Cantonalbank reduced its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 11.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,023 shares of the apparel retailer’s stock after selling 7,750 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Lululemon Athletica were worth $22,953,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Kestra Investment Management LLC bought a new position in Lululemon Athletica in the 4th quarter worth about $32,000. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Lululemon Athletica during the fourth quarter worth about $32,000. Asset Planning Inc purchased a new stake in Lululemon Athletica in the fourth quarter valued at approximately $33,000. Sound Income Strategies LLC lifted its position in Lululemon Athletica by 309.5% during the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 65 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in Lululemon Athletica in the 4th quarter worth approximately $36,000. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Down 4.3 %

Shares of LULU stock opened at $319.42 on Wednesday. The stock has a market cap of $38.90 billion, a price-to-earnings ratio of 23.06, a PEG ratio of 2.22 and a beta of 1.21. The business’s fifty day moving average is $380.70 and its 200 day moving average is $334.18. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $480.94.

Insider Transactions at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $2,399,307.78. This represents a 24.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LULU shares. Robert W. Baird lifted their price objective on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Oppenheimer upped their price objective on Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. JPMorgan Chase & Co. boosted their target price on Lululemon Athletica from $428.00 to $437.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Morgan Stanley increased their price target on shares of Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. Finally, Barclays boosted their price objective on shares of Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and an average target price of $399.14.

Lululemon Athletica 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.