American Century Companies Inc. Has $444.01 Million Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

American Century Companies Inc. lessened its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 1.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,161,073 shares of the apparel retailer's stock after selling 21,384 shares during the period. American Century Companies Inc. owned approximately 0.95% of Lululemon Athletica worth $444,006,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. TCTC Holdings LLC acquired a new stake in Lululemon Athletica during the fourth quarter valued at approximately $26,000. Kestra Investment Management LLC bought a new stake in shares of Lululemon Athletica during the 4th quarter worth $32,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Lululemon Athletica in the 4th quarter worth $32,000. Sound Income Strategies LLC grew its holdings in shares of Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock worth $33,000 after acquiring an additional 65 shares during the last quarter. Finally, Asset Planning Inc acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth $33,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Insiders Place Their Bets

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the company's 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 owns 6,198 shares of the company's stock, valued at $2,399,307.78. This represents a 24.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.48% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of analysts have commented on LULU shares. Robert W. Baird upped their price objective on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. Jefferies Financial Group reissued an "underperform" rating and set a $220.00 target price on shares of Lululemon Athletica in a research note on Monday, December 2nd. Piper Sandler lifted their price target on Lululemon Athletica from $260.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, December 6th. TD Cowen increased their price objective on Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Finally, Guggenheim lifted their target price on Lululemon Athletica from $350.00 to $415.00 and gave the company a "buy" rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $397.10.

Lululemon Athletica Stock Up 0.6 %

Shares of LULU stock traded up $2.13 during trading on Tuesday, reaching $337.09. 1,186,226 shares of the company's stock were exchanged, compared to its average volume of 2,080,269. The firm's fifty day moving average price is $368.64 and its 200-day moving average price is $338.07. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $423.32. The stock has a market capitalization of $41.05 billion, a PE ratio of 24.32, 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.