Generali Asset Management SPA SGR Invests $6.65 Million in Lululemon Athletica Inc. (NASDAQ:LULU)

Generali Asset Management SPA SGR bought a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 17,379 shares of the apparel retailer’s stock, valued at approximately $6,646,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in 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 purchasing an additional 44,294 shares during the last quarter. Diamond Hill Capital Management Inc. acquired a new stake in Lululemon Athletica during the 4th quarter worth approximately $370,062,000. Charles Schwab Investment Management Inc. lifted its holdings in 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 purchasing an additional 17,119 shares during the last quarter. Amundi lifted its holdings in 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 purchasing an additional 18,861 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. lifted its holdings in 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 purchasing an additional 185,440 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the sale, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. The trade was a 24.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.48% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the company. William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a report on Friday, December 6th. Citigroup lifted their price target on Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. BMO Capital Markets lifted their price objective on Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Wells Fargo & Company lifted their price objective on Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a report on Wednesday, January 15th. Finally, Morgan Stanley lifted their price objective on Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $399.14.

Lululemon Athletica Stock Down 1.2 %

Shares of LULU stock opened at $323.07 on Wednesday. The firm has a market capitalization of $39.34 billion, a P/E ratio of 23.33, a P/E/G ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $480.94. The stock’s fifty day simple moving average is $374.01 and its 200 day simple moving average is $336.06.

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.