Generali Asset Management SPA SGR acquired a new stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 17,379 shares of the apparel retailer's stock, valued at approximately $6,646,000.
A number of other hedge funds have also made changes to their positions in the stock. TCTC Holdings LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter valued at $26,000. Kestra Investment Management LLC acquired a new position in Lululemon Athletica during the fourth quarter worth about $32,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Lululemon Athletica in the fourth quarter worth about $32,000. Sound Income Strategies LLC lifted its holdings in Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock valued at $33,000 after acquiring an additional 65 shares during the last quarter. Finally, Asset Planning Inc bought a new position in shares of Lululemon Athletica during the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 85.20% of the company's stock.
Lululemon Athletica Stock Down 0.6 %
LULU stock traded down $1.83 during trading hours on Friday, hitting $322.62. The company's stock had a trading volume of 1,984,443 shares, compared to its average volume of 2,081,893. The company has a market capitalization of $39.29 billion, a PE ratio of 23.29, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. The stock has a 50 day moving average price of $369.92 and a two-hundred day moving average price of $336.93. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32.
Insider Buying and Selling
In related news, insider Nicole Neuburger sold 2,022 shares of the business'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 completion of the sale, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.48% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several analysts recently commented on LULU shares. Needham & Company LLC raised shares of Lululemon Athletica from a "hold" rating to a "buy" rating and set a $475.00 target price for the company in a research note on Friday, January 10th. Telsey Advisory Group restated an "outperform" rating and issued a $445.00 target price on shares of Lululemon Athletica in a report on Thursday. UBS Group boosted their target price on Lululemon Athletica from $315.00 to $360.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. Sanford C. Bernstein raised Lululemon Athletica from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $360.00 to $460.00 in a research note on Tuesday, January 7th. Finally, 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. One 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 data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $397.10.
Read Our Latest Analysis on Lululemon Athletica
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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