Terra Alpha Investments LLC Makes New $4.74 Million Investment in Lululemon Athletica Inc. (NASDAQ:LULU)

Terra Alpha Investments LLC acquired a new position in Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,381 shares of the apparel retailer’s stock, valued at approximately $4,735,000. Lululemon Athletica makes up about 4.8% of Terra Alpha Investments LLC’s investment portfolio, making the stock its 9th largest holding.

Several other hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC raised its stake in shares of Lululemon Athletica by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock worth $669,036,000 after buying an additional 44,294 shares during the period. Diamond Hill Capital Management Inc. acquired a new position in shares of Lululemon Athletica during the 4th quarter worth approximately $370,062,000. Charles Schwab Investment Management Inc. raised its stake in shares of Lululemon Athletica by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 719,413 shares of the apparel retailer’s stock worth $275,111,000 after buying an additional 17,119 shares during the period. Amundi raised its stake in shares of Lululemon Athletica by 2.9% during the 4th quarter. Amundi now owns 666,691 shares of the apparel retailer’s stock worth $261,956,000 after buying an additional 18,861 shares during the period. Finally, Montrusco Bolton Investments Inc. raised its stake in shares of Lululemon Athletica by 43.5% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 611,814 shares of the apparel retailer’s stock worth $166,016,000 after buying an additional 185,440 shares during the period. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Price Performance

NASDAQ LULU opened at $311.03 on Monday. The company has a market cap of $37.88 billion, a P/E ratio of 22.46, a P/E/G ratio of 2.22 and a beta of 1.21. The stock has a 50-day moving average of $376.79 and a two-hundred day moving average of $335.14. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $480.94.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LULU. Raymond James reaffirmed an “outperform” rating and set a $430.00 target price (up from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. UBS Group increased their price objective on Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. BMO Capital Markets increased their price objective on Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Citigroup increased their price objective on Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company increased their price objective on Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $399.14.

Insider Buying and Selling 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 completion of the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. The trade was a 24.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.48% of the stock is currently owned by corporate insiders.

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.