Parallel Advisors LLC Increases Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Parallel Advisors LLC raised its stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 11.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,659 shares of the apparel retailer's stock after buying an additional 880 shares during the quarter. Parallel Advisors LLC's holdings in Lululemon Athletica were worth $3,311,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Kestra Investment Management LLC acquired a new position in shares of Lululemon Athletica in the 4th quarter worth approximately $32,000. Bradley & Co. Private Wealth Management LLC purchased 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% during the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock worth $33,000 after purchasing an additional 65 shares in the last quarter. Asset Planning Inc purchased a new position in shares of Lululemon Athletica during the fourth quarter worth $33,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 85.20% of the company's stock.

Lululemon Athletica Stock Performance

NASDAQ LULU traded down $1.83 during trading on Friday, reaching $322.62. The company's stock had a trading volume of 1,984,401 shares, compared to its average volume of 2,160,312. The business's fifty day moving average price is $371.38 and its 200-day moving average price is $335.94. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $480.94. The firm has a market cap of $39.29 billion, a price-to-earnings ratio of 23.29, a P/E/G ratio of 2.22 and a beta of 1.21.

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Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction 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 transaction, the insider now owns 6,198 shares in the company, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.48% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on LULU. William Blair restated an "outperform" rating on shares of Lululemon Athletica in a report on Friday, December 6th. Oppenheimer raised their price objective on shares of Lululemon Athletica from $380.00 to $500.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Piper Sandler upped their target price on shares of Lululemon Athletica from $260.00 to $340.00 and gave the stock a "neutral" rating in a research note on Friday, December 6th. Citigroup decreased their price target on shares of Lululemon Athletica from $380.00 to $330.00 and set a "neutral" rating for the company in a research report on Thursday. Finally, BMO Capital Markets boosted their price target on shares of Lululemon Athletica from $265.00 to $302.00 and gave the stock a "market perform" rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $397.10.

Lululemon Athletica Company 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.