Trillium Asset Management LLC Has $45.26 Million Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Trillium Asset Management LLC increased its stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 5.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 118,341 shares of the apparel retailer's stock after acquiring an additional 6,050 shares during the quarter. Lululemon Athletica makes up 1.2% of Trillium Asset Management LLC's holdings, making the stock its 15th largest holding. Trillium Asset Management LLC owned about 0.10% of Lululemon Athletica worth $45,255,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Diamond Hill Capital Management Inc. purchased a new position in Lululemon Athletica during the fourth quarter valued at approximately $370,062,000. Maverick Capital Ltd. acquired a new position in Lululemon Athletica in the 3rd 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 acquired a new position in Lululemon Athletica in the 3rd quarter valued at approximately $81,405,000. Finally, Los Angeles Capital Management LLC increased its stake in Lululemon Athletica by 248.5% in 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. Institutional investors and hedge funds own 85.20% of the company's stock.

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Insider Transactions at Lululemon Athletica

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

Analyst Upgrades and Downgrades

LULU has been the topic of several research reports. Stifel Nicolaus reiterated a "buy" rating and issued a $438.00 price objective (up previously from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. Citigroup dropped their price objective on shares of Lululemon Athletica from $380.00 to $330.00 and set a "neutral" rating on the stock in a research note on Thursday. BMO Capital Markets increased their price target on shares of Lululemon Athletica from $265.00 to $302.00 and gave the stock a "market perform" rating in a research note on Friday, December 6th. Wells Fargo & Company increased their price target on shares of Lululemon Athletica from $350.00 to $375.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 15th. Finally, TD Cowen increased their price target on shares of Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $397.10.

Lululemon Athletica Stock Down 0.6 %

Lululemon Athletica stock traded down $1.83 during mid-day trading on Friday, reaching $322.62. The company had a trading volume of 1,984,443 shares, compared to its average volume of 2,081,893. The company has a 50 day moving average of $369.92 and a 200-day moving average of $336.93. The firm has a market cap of $39.29 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32.

About Lululemon Athletica

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.