Corient Private Wealth LLC decreased its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 19.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,842 shares of the apparel retailer's stock after selling 3,829 shares during the quarter. Corient Private Wealth LLC's holdings in Lululemon Athletica were worth $6,058,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in LULU. Beacon Capital Management LLC increased its stake in shares of Lululemon Athletica by 6.9% in the fourth quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer's stock worth $142,000 after purchasing an additional 24 shares in the last quarter. Edgestream Partners L.P. raised its holdings in Lululemon Athletica by 0.7% during the 4th quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer's stock valued at $1,353,000 after acquiring an additional 25 shares during the period. SeaCrest Wealth Management LLC lifted 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 lifted its position 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 in the last quarter. Finally, LGT Fund Management Co Ltd. boosted its holdings in shares of Lululemon Athletica by 3.3% in the fourth quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer's stock worth $356,000 after acquiring an additional 30 shares during the period. Hedge funds and other institutional investors own 85.20% of the company's stock.
Insider Transactions at Lululemon Athletica
In related news, insider Nicole Neuburger sold 2,022 shares of the firm's 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 sale, the insider now owns 6,198 shares of the company's stock, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.48% of the company's stock.
Lululemon Athletica Price Performance
LULU traded up $0.44 during trading on Wednesday, hitting $337.79. 2,153,350 shares of the stock traded hands, compared to its average volume of 2,067,691. The firm has a market capitalization of $41.14 billion, a P/E ratio of 24.39, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32. The firm has a 50-day moving average of $367.61 and a 200 day moving average of $338.66.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. Truist Financial increased their price objective on Lululemon Athletica from $420.00 to $460.00 and gave the stock a "buy" rating in a report on Friday, January 10th. William Blair restated an "outperform" rating on shares of Lululemon Athletica in a research report on Friday, December 6th. 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 report on Friday, December 6th. UBS Group raised their price target on shares of Lululemon Athletica from $315.00 to $360.00 and gave the company a "neutral" rating in a report on Friday, December 6th. Finally, Sanford C. Bernstein raised shares of Lululemon Athletica from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $360.00 to $460.00 in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, Lululemon Athletica presently has a consensus rating of "Moderate Buy" and an average target price of $395.55.
View Our Latest Stock Report on Lululemon Athletica
Lululemon Athletica Company Profile
(
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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