Royal London Asset Management Ltd. Buys 1,721 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Royal London Asset Management Ltd. increased its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,437 shares of the apparel retailer's stock after buying an additional 1,721 shares during the quarter. Royal London Asset Management Ltd. owned 0.05% of Lululemon Athletica worth $25,406,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of LULU. Diamond Hill Capital Management Inc. acquired a new position in shares of Lululemon Athletica in the 4th quarter valued at about $370,062,000. Maverick Capital Ltd. purchased a new position in Lululemon Athletica during the third quarter valued at approximately $93,476,000. The Manufacturers Life Insurance Company increased its stake in Lululemon Athletica by 136.3% in the 3rd 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 purchased a new stake in Lululemon Athletica in the 3rd quarter worth approximately $81,405,000. Finally, Los Angeles Capital Management LLC boosted its stake in shares of 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 valued at $123,530,000 after buying an additional 230,349 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Stock Up 0.7 %

NASDAQ:LULU traded up $2.39 during trading hours on Tuesday, reaching $337.35. The company had a trading volume of 2,039,602 shares, compared to its average volume of 2,067,919. The firm has a market capitalization of $41.08 billion, a PE ratio of 24.36, a PEG ratio of 2.22 and a beta of 1.21. The stock has a 50-day moving average of $367.61 and a two-hundred day moving average of $338.66. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $423.32.

Remove Ads

Insider Transactions at Lululemon Athletica

In other news, insider Nicole Neuburger sold 2,022 shares of the business's stock in a transaction that occurred 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 transaction, the insider now directly owns 6,198 shares of the company's stock, valued at $2,399,307.78. The trade was a 24.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.48% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Lululemon Athletica from $292.00 to $396.00 and gave the stock a "hold" rating in a research note on Monday, December 9th. 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 research report on Wednesday, January 15th. Raymond James reissued an "outperform" rating and issued a $430.00 price target (up previously from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. Truist Financial raised their price objective on shares of Lululemon Athletica from $420.00 to $460.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $445.00 target price on shares of Lululemon Athletica in a research report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.