Blueshift Asset Management LLC Buys Shares of 5,249 Lululemon Athletica Inc. (NASDAQ:LULU)

Blueshift Asset Management LLC bought a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 5,249 shares of the apparel retailer's stock, valued at approximately $2,007,000. Lululemon Athletica accounts for about 0.7% of Blueshift Asset Management LLC's holdings, making the stock its 18th largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. TCTC Holdings LLC purchased a new stake in Lululemon Athletica during the 4th quarter worth about $26,000. Kestra Investment Management LLC purchased a new stake in shares of Lululemon Athletica during the fourth quarter worth approximately $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Lululemon Athletica in the fourth quarter valued at approximately $32,000. Sound Income Strategies LLC lifted its stake in Lululemon Athletica by 309.5% in the fourth 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 position in Lululemon Athletica during the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 85.20% of the company's stock.

Lululemon Athletica Stock Up 3.8 %

Shares of NASDAQ LULU traded up $12.34 on Monday, hitting $334.96. The company had a trading volume of 1,702,839 shares, compared to its average volume of 2,080,381. The firm has a market capitalization of $40.79 billion, a P/E ratio of 24.18, a PEG 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. The business has a 50 day moving average of $368.64 and a two-hundred day moving average of $338.07.

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Insider Buying and Selling

In related news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction on Thursday, December 26th. The shares were 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 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 filing with the SEC, which is accessible through the SEC website. 0.48% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

LULU has been the topic of a number of analyst reports. UBS Group raised their price target on Lululemon Athletica from $315.00 to $360.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. Morgan Stanley decreased their price objective on Lululemon Athletica from $420.00 to $411.00 and set an "overweight" rating for the company in a research report on Wednesday, March 19th. Sanford C. Bernstein upgraded shares of Lululemon Athletica from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $360.00 to $460.00 in a research note on Tuesday, January 7th. Evercore ISI increased their price objective on Lululemon Athletica from $440.00 to $495.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Finally, Piper Sandler boosted their price objective on shares of Lululemon Athletica from $260.00 to $340.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, Lululemon Athletica currently has an average rating of "Moderate Buy" and a consensus target price of $397.10.

Lululemon Athletica 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.