Northwest & Ethical Investments L.P. bought a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 46,481 shares of the apparel retailer's stock, valued at approximately $17,775,000.
Several other hedge funds have also made changes to their positions in LULU. Investment Partners Asset Management Inc. purchased a new stake in Lululemon Athletica in the fourth quarter worth about $275,000. Rockefeller Capital Management L.P. boosted its stake in shares of Lululemon Athletica by 50.5% during the third quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer's stock valued at $28,070,000 after purchasing an additional 34,704 shares in the last quarter. Lebenthal Global Advisors LLC raised its stake in Lululemon Athletica by 138.1% in the fourth quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer's stock worth $1,032,000 after buying an additional 1,565 shares in the last quarter. Montag A & Associates Inc. lifted its holdings in Lululemon Athletica by 495.1% during the fourth quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer's stock worth $1,627,000 after buying an additional 3,540 shares during the period. Finally, Northeast Investment Management bought a new stake in Lululemon Athletica during the 4th quarter valued at $276,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on LULU. TD Securities upped their price objective on Lululemon Athletica from $382.00 to $383.00 and gave the stock a "buy" rating in a research note on Tuesday, December 3rd. Truist Financial lifted their price objective on shares of Lululemon Athletica from $420.00 to $460.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Telsey Advisory Group reissued an "outperform" rating and set a $445.00 target price on shares of Lululemon Athletica in a research report on Thursday. Raymond James reaffirmed an "outperform" rating and issued a $430.00 price target (up from $400.00) on shares of Lululemon Athletica in a report on Wednesday, January 15th. Finally, 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 report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $397.10.
Get Our Latest Report on Lululemon Athletica
Lululemon Athletica Trading Up 3.8 %
LULU traded up $12.34 on Monday, reaching $334.96. The stock had a trading volume of 1,702,839 shares, compared to its average volume of 2,080,381. The business's 50-day moving average price is $368.64 and its two-hundred day moving average price is $338.07. The company has a market cap of $40.79 billion, a P/E ratio of 24.18, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32.
Insider Activity at Lululemon Athletica
In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the firm'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 directly owns 6,198 shares of the company's stock, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.48% of the stock is owned by company insiders.
About Lululemon Athletica
(
Free Report)
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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