Atria Investments Inc cut its stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 35.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,499 shares of the apparel retailer's stock after selling 1,893 shares during the quarter. Atria Investments Inc's holdings in Lululemon Athletica were worth $1,338,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the company. Beacon Capital Management LLC raised its holdings in Lululemon Athletica by 6.9% in the fourth quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer's stock worth $142,000 after purchasing an additional 24 shares during the period. SeaCrest Wealth Management LLC raised its stake in Lululemon Athletica by 2.6% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer's stock worth $389,000 after buying an additional 26 shares during the period. Capital Advisors Ltd. LLC lifted its holdings in Lululemon Athletica by 9.4% during the fourth quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer's stock worth $124,000 after acquiring an additional 28 shares in the last quarter. LGT Fund Management Co Ltd. grew its stake in Lululemon Athletica by 3.3% in the fourth quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer's stock valued at $356,000 after acquiring an additional 30 shares during the period. Finally, Mather Group LLC. increased its holdings in shares of Lululemon Athletica by 21.1% in the fourth quarter. Mather Group LLC. now owns 178 shares of the apparel retailer's stock worth $68,000 after acquiring an additional 31 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Lululemon Athletica
In related news, insider Nicole Neuburger sold 2,022 shares of the business's stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.48% of the company's stock.
Lululemon Athletica Price Performance
Shares of LULU opened at $319.42 on Wednesday. The business has a 50-day moving average of $380.70 and a 200-day moving average of $334.18. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $480.94. The company has a market capitalization of $38.90 billion, a price-to-earnings ratio of 23.06, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on LULU shares. UBS Group lifted their price objective on Lululemon Athletica from $315.00 to $360.00 and gave the company a "neutral" rating in a report on Friday, December 6th. Sanford C. Bernstein raised shares of Lululemon Athletica from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $360.00 to $460.00 in a research report on Tuesday, January 7th. TD Cowen raised their price objective on shares of Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. Telsey Advisory Group increased their target price on Lululemon Athletica from $430.00 to $445.00 and gave the stock an "outperform" rating in a report on Tuesday, January 14th. Finally, William Blair reissued an "outperform" rating on shares of Lululemon Athletica in a research note on Friday, December 6th. 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 data from MarketBeat.com, Lululemon Athletica has a consensus rating of "Moderate Buy" and an average price target of $399.14.
Check Out Our Latest Stock Analysis on LULU
Lululemon Athletica Profile
(
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.
See Also
Want to see what other hedge funds are holding LULU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lululemon Athletica Inc. (NASDAQ:LULU - Free Report).
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