Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by Sei Investments Co.

Sei Investments Co. raised its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 53.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,211 shares of the apparel retailer's stock after buying an additional 40,294 shares during the quarter. Sei Investments Co. owned about 0.09% of Lululemon Athletica worth $44,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mizuho Securities USA LLC lifted its stake in Lululemon Athletica by 43.6% in the 4th quarter. Mizuho Securities USA LLC now owns 10,706 shares of the apparel retailer's stock worth $4,094,000 after purchasing an additional 3,249 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Lululemon Athletica by 5.8% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 13,253 shares of the apparel retailer's stock worth $5,068,000 after buying an additional 722 shares in the last quarter. Whittier Trust Co. boosted its stake in Lululemon Athletica by 4.1% during the fourth quarter. Whittier Trust Co. now owns 26,274 shares of the apparel retailer's stock valued at $10,047,000 after buying an additional 1,045 shares during the last quarter. Northwest & Ethical Investments L.P. purchased a new position in Lululemon Athletica during the 4th quarter valued at approximately $17,775,000. Finally, Blueshift Asset Management LLC purchased a new position in Lululemon Athletica during the 4th quarter valued at approximately $2,007,000. Institutional investors own 85.20% of the company's stock.

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Analyst Ratings Changes

A number of research analysts have recently commented on the company. Evercore ISI increased their target price on Lululemon Athletica from $440.00 to $495.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Guggenheim increased their price objective on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a "buy" rating in a research report on Friday, December 6th. UBS Group boosted their target price on shares of Lululemon Athletica from $315.00 to $360.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. Robert W. Baird increased their price target on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an "outperform" rating in a report on Friday, December 6th. Finally, Sanford C. Bernstein upgraded Lululemon Athletica from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $360.00 to $460.00 in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $397.10.

Insiders Place Their Bets

In other news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the transaction, the insider now 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 filing with the Securities & Exchange Commission, which is accessible through this link. 0.48% of the stock is currently owned by corporate insiders.

Lululemon Athletica Stock Up 0.7 %

Shares of NASDAQ LULU traded up $2.39 during midday trading on Tuesday, reaching $337.35. 2,039,602 shares of the company's stock traded hands, compared to its average volume of 2,068,057. The company has a market cap of $41.08 billion, a price-to-earnings ratio of 24.36, a P/E/G ratio of 2.22 and a beta of 1.21. The stock's 50 day simple moving average is $368.64 and its 200-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.

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.