iA Global Asset Management Inc. lifted its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 144.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,646 shares of the apparel retailer's stock after acquiring an additional 19,275 shares during the period. iA Global Asset Management Inc.'s holdings in Lululemon Athletica were worth $12,484,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. TCTC Holdings LLC bought a new position in Lululemon Athletica during the 4th quarter worth about $26,000. Kestra Investment Management LLC bought a new position in shares of Lululemon Athletica during the fourth quarter worth about $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Lululemon Athletica in the 4th quarter valued at approximately $32,000. Asset Planning Inc bought a new stake in Lululemon Athletica in the 4th quarter valued at approximately $33,000. Finally, Sound Income Strategies LLC boosted its position in Lululemon Athletica by 309.5% during the 4th 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. 85.20% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Lululemon Athletica
In other news, insider Nicole Neuburger sold 2,022 shares of the company's stock in a transaction 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 sale, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.48% of the company's stock.
Lululemon Athletica Stock Performance
NASDAQ:LULU traded up $12.34 during mid-day trading on Monday, reaching $334.96. 1,702,839 shares of the company's stock were exchanged, compared to its average volume of 2,080,381. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $423.32. The business's fifty day simple moving average is $368.64 and its two-hundred day simple moving average is $338.07. The firm has a market capitalization of $40.79 billion, a PE ratio of 24.18, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21.
Wall Street Analyst Weigh In
LULU has been the topic of a number of research reports. UBS Group boosted their price objective on shares of Lululemon Athletica from $315.00 to $360.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. Guggenheim boosted their price target on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. William Blair restated an "outperform" rating on shares of Lululemon Athletica in a report on Friday, December 6th. Wells Fargo & Company upped their target price on Lululemon Athletica from $350.00 to $375.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 15th. Finally, Piper Sandler raised their price target on Lululemon Athletica from $260.00 to $340.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. One 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $397.10.
Check Out Our Latest Stock Analysis on Lululemon Athletica
Lululemon Athletica Company 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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