Terra Alpha Investments LLC Buys New Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Terra Alpha Investments LLC purchased a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 12,381 shares of the apparel retailer's stock, valued at approximately $4,735,000. Lululemon Athletica makes up 4.8% of Terra Alpha Investments LLC's investment portfolio, making the stock its 9th biggest position.

Several other institutional investors also recently bought and sold shares of the business. Geode Capital Management LLC raised its stake in Lululemon Athletica by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer's stock valued at $669,036,000 after purchasing an additional 44,294 shares during the last quarter. Diamond Hill Capital Management Inc. acquired a new position in shares of Lululemon Athletica during the 4th quarter worth approximately $370,062,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Lululemon Athletica by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 719,413 shares of the apparel retailer's stock valued at $275,111,000 after purchasing an additional 17,119 shares during the last quarter. Amundi lifted its position in Lululemon Athletica by 2.9% during the fourth quarter. Amundi now owns 666,691 shares of the apparel retailer's stock worth $261,956,000 after buying an additional 18,861 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. boosted its stake in Lululemon Athletica by 43.5% during the third quarter. Montrusco Bolton Investments Inc. now owns 611,814 shares of the apparel retailer's stock worth $166,016,000 after buying an additional 185,440 shares during the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

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Lululemon Athletica Trading Down 0.6 %

LULU traded down $1.83 during midday trading on Friday, hitting $322.62. The company's stock had a trading volume of 1,984,443 shares, compared to its average volume of 2,160,313. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $480.94. The firm has a 50-day moving average price of $371.38 and a two-hundred day moving average price of $335.94. The firm has a market cap of $39.29 billion, a P/E ratio of 23.29, a PEG ratio of 2.22 and a beta of 1.21.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the business's stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the sale, the insider now owns 6,198 shares of the company's stock, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.48% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on LULU shares. William Blair reiterated an "outperform" rating on shares of Lululemon Athletica in a report on Friday, December 6th. Needham & Company LLC raised shares of Lululemon Athletica from a "hold" rating to a "buy" rating and set a $475.00 price target for the company in a research note on Friday, January 10th. Wells Fargo & Company lifted their price target on shares of Lululemon Athletica from $350.00 to $375.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft increased their price objective on Lululemon Athletica from $292.00 to $396.00 and gave the stock a "hold" rating in a research report on Monday, December 9th. Finally, Oppenheimer lifted their target price on Lululemon Athletica from $380.00 to $500.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, Lululemon Athletica presently has a consensus rating of "Moderate Buy" and an average 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.