Harvest Fund Management Co. Ltd Has $5.89 Million Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Harvest Fund Management Co. Ltd raised its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 182.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,512 shares of the apparel retailer's stock after purchasing an additional 10,022 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Lululemon Athletica were worth $5,891,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in Lululemon Athletica by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer's stock worth $669,036,000 after buying an additional 44,294 shares during the last quarter. Diamond Hill Capital Management Inc. acquired a new position in shares of Lululemon Athletica during the 4th quarter worth $370,062,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Lululemon Athletica by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 719,413 shares of the apparel retailer's stock valued at $275,111,000 after purchasing an additional 17,119 shares in the last quarter. Amundi lifted its stake in shares of Lululemon Athletica by 2.9% in the 4th quarter. Amundi now owns 666,691 shares of the apparel retailer's stock valued at $261,956,000 after purchasing an additional 18,861 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. boosted its holdings in Lululemon Athletica by 43.5% in the third quarter. Montrusco Bolton Investments Inc. now owns 611,814 shares of the apparel retailer's stock worth $166,016,000 after purchasing an additional 185,440 shares in the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

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Lululemon Athletica Trading Down 0.6 %

NASDAQ LULU traded down $1.83 on Friday, reaching $322.62. The company's stock had a trading volume of 1,984,443 shares, compared to its average volume of 2,081,893. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The firm has a market cap 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 business has a 50-day moving average price of $369.92 and a 200 day moving average price of $336.93.

Insider Buying and Selling at Lululemon Athletica

In related 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 transaction of $782,736.42. Following the completion of the transaction, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.48% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on LULU. Citigroup cut their target price on Lululemon Athletica from $380.00 to $330.00 and set a "neutral" rating on the stock in a report on Thursday. Wells Fargo & Company raised their price objective on Lululemon Athletica from $350.00 to $375.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. upped their target price on Lululemon Athletica from $428.00 to $437.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Morgan Stanley lowered their price target on Lululemon Athletica from $420.00 to $411.00 and set an "overweight" rating on the stock in a report on Wednesday. Finally, Stifel Nicolaus restated a "buy" rating and issued a $438.00 price objective (up from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, Lululemon Athletica presently has a consensus 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.