Knights of Columbus Asset Advisors LLC lessened its stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 81.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 813 shares of the apparel retailer's stock after selling 3,541 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in Lululemon Athletica were worth $311,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of LULU. Diamond Hill Capital Management Inc. acquired a new position in shares of Lululemon Athletica during the fourth quarter valued at $370,062,000. Maverick Capital Ltd. bought a new stake in shares of Lululemon Athletica during the third quarter worth approximately $93,476,000. The Manufacturers Life Insurance Company lifted its holdings in Lululemon Athletica by 136.3% in the third quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer's stock valued at $143,624,000 after buying an additional 305,302 shares during the period. Southpoint Capital Advisors LP bought a new position in Lululemon Athletica in the third quarter valued at approximately $81,405,000. Finally, Los Angeles Capital Management LLC grew its holdings in Lululemon Athletica by 248.5% during the 4th quarter. Los Angeles Capital Management LLC now owns 323,031 shares of the apparel retailer's stock worth $123,530,000 after acquiring an additional 230,349 shares during the period. 85.20% of the stock is owned by institutional investors.
Insider Buying and Selling
In other 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 transaction of $782,736.42. Following the sale, the insider now directly owns 6,198 shares of the company's stock, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.48% of the stock is currently owned by company insiders.
Lululemon Athletica Stock Performance
NASDAQ:LULU traded up $2.33 during mid-day trading on Tuesday, reaching $337.29. 1,828,515 shares of the company's stock were exchanged, compared to its average volume of 2,080,269. The business's fifty day simple moving average is $368.64 and its two-hundred day simple moving average is $338.07. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $423.32. The firm has a market capitalization of $41.08 billion, a PE ratio of 24.35, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21.
Wall Street Analyst Weigh In
LULU has been the subject of a number of analyst reports. Citigroup decreased their price objective on Lululemon Athletica from $380.00 to $330.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Sanford C. Bernstein upgraded Lululemon Athletica from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $360.00 to $460.00 in a research report on Tuesday, January 7th. Oppenheimer increased their price target on shares of Lululemon Athletica from $380.00 to $500.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Needham & Company LLC upgraded shares of Lululemon Athletica from a "hold" rating to a "buy" rating and set a $475.00 price objective for the company in a report on Friday, January 10th. Finally, Robert W. Baird increased their target price on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. One investment 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's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $397.10.
Check Out Our Latest Stock Analysis on Lululemon Athletica
Lululemon Athletica 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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