Thrivent Financial for Lutherans Has $161.82 Million Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Thrivent Financial for Lutherans raised its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 423,281 shares of the apparel retailer's stock after buying an additional 6,234 shares during the period. Thrivent Financial for Lutherans owned approximately 0.35% of Lululemon Athletica worth $161,818,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position 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 buying an additional 44,294 shares during the last quarter. Diamond Hill Capital Management Inc. purchased a new position in Lululemon Athletica in the 4th quarter valued at about $370,062,000. Charles Schwab Investment Management Inc. boosted its position in Lululemon Athletica by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 719,413 shares of the apparel retailer's stock valued at $275,111,000 after buying an additional 17,119 shares during the last quarter. Amundi boosted its position in Lululemon Athletica by 2.9% in the 4th quarter. Amundi now owns 666,691 shares of the apparel retailer's stock valued at $261,956,000 after buying an additional 18,861 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. boosted its position in Lululemon Athletica by 43.5% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 611,814 shares of the apparel retailer's stock valued at $166,016,000 after buying an additional 185,440 shares during the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several equities analysts have recently commented on LULU shares. Guggenheim increased their price target on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. TD Securities increased their price target on shares of Lululemon Athletica from $382.00 to $383.00 and gave the stock a "buy" rating in a research report on Tuesday, December 3rd. Sanford C. Bernstein raised shares of Lululemon Athletica from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $360.00 to $460.00 in a research report on Tuesday, January 7th. Morgan Stanley reduced their price target on shares of Lululemon Athletica from $420.00 to $411.00 and set an "overweight" rating on the stock in a research report on Wednesday. Finally, Barclays increased their price target on shares of Lululemon Athletica from $378.00 to $411.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, Lululemon Athletica currently has a consensus rating of "Moderate Buy" and an average price target of $397.10.

Insider Buying and Selling

In related news, insider Nicole Neuburger sold 2,022 shares of the firm's stock in a transaction that occurred on Thursday, December 26th. The shares were 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 directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.48% of the stock is currently owned by insiders.

Lululemon Athletica Price Performance

Shares of NASDAQ LULU traded down $1.83 during mid-day trading on Friday, reaching $322.62. 1,984,443 shares of the company traded hands, compared to its average volume of 2,152,286. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $423.32. The firm has a market cap of $39.29 billion, a PE ratio of 23.29, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. The stock has a fifty day simple moving average of $369.92 and a 200-day simple moving average of $336.38.

Lululemon Athletica 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.