Hershey Financial Advisers LLC purchased a new stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,889 shares of the apparel retailer's stock, valued at approximately $722,000.
A number of other hedge funds have also modified their holdings of LULU. Beacon Capital Management LLC grew its stake in Lululemon Athletica by 6.9% in the fourth quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer's stock valued at $142,000 after acquiring an additional 24 shares during the period. Edgestream Partners L.P. boosted its holdings in shares of Lululemon Athletica by 0.7% in the fourth quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer's stock valued at $1,353,000 after buying an additional 25 shares during the period. SeaCrest Wealth Management LLC increased its position in shares of Lululemon Athletica by 2.6% during the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer's stock worth $389,000 after acquiring an additional 26 shares in the last quarter. Capital Advisors Ltd. LLC raised its holdings in shares of 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 during the period. Finally, LGT Fund Management Co Ltd. lifted its position in Lululemon Athletica by 3.3% in the 4th 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 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 firm's stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the transaction, the insider now directly owns 6,198 shares of the company's stock, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.48% of the company's stock.
Analyst Ratings Changes
LULU has been the subject of a number of research reports. Stifel Nicolaus reissued a "buy" rating and issued a $438.00 price target (up previously from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. BMO Capital Markets lifted their target price on Lululemon Athletica from $265.00 to $302.00 and gave the company a "market perform" rating in a research report on Friday, December 6th. UBS Group upped their price target on Lululemon Athletica from $315.00 to $360.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. KeyCorp raised their price target on shares of Lululemon Athletica from $400.00 to $420.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Finally, Raymond James reissued an "outperform" rating and issued a $430.00 price objective (up previously from $400.00) on shares of Lululemon Athletica in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $397.10.
Check Out Our Latest Analysis on LULU
Lululemon Athletica Stock Performance
Shares of NASDAQ LULU traded up $2.39 during trading hours on Tuesday, reaching $337.35. 2,039,602 shares of the stock were exchanged, compared to its average volume of 2,068,057. The firm has a market capitalization of $41.08 billion, a price-to-earnings ratio of 24.36, a P/E/G ratio of 2.22 and a beta of 1.21. The stock's fifty day simple moving average is $367.61 and its 200 day simple moving average is $338.66. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32.
Lululemon Athletica Profile
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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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