Whittier Trust Co. grew its position in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,274 shares of the apparel retailer's stock after acquiring an additional 1,045 shares during the period. Whittier Trust Co.'s holdings in Lululemon Athletica were worth $10,047,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. Beacon Capital Management LLC lifted its holdings in Lululemon Athletica by 6.9% during the 4th quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer's stock valued at $142,000 after purchasing an additional 24 shares during the last quarter. Edgestream Partners L.P. boosted its holdings in shares of Lululemon Athletica by 0.7% during the 4th quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer's stock worth $1,353,000 after buying an additional 25 shares during the period. SeaCrest Wealth Management LLC grew its stake in Lululemon Athletica by 2.6% in the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer's stock valued at $389,000 after buying an additional 26 shares during the last quarter. Capital Advisors Ltd. LLC raised its holdings in Lululemon Athletica by 9.4% in the 4th quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer's stock valued at $124,000 after acquiring an additional 28 shares during the period. Finally, LGT Fund Management Co Ltd. lifted its position in Lululemon Athletica by 3.3% during the fourth quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer's stock worth $356,000 after acquiring an additional 30 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.
Lululemon Athletica Price Performance
LULU stock traded up $2.39 during trading on Tuesday, reaching $337.35. 2,039,602 shares of the company were exchanged, compared to its average volume of 2,080,269. The company has a market capitalization 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 company has a 50-day moving average of $368.64 and a two-hundred day moving average of $338.07. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $423.32.
Wall Street Analyst Weigh In
LULU has been the topic of a number of recent research reports. Truist Financial increased their target price on Lululemon Athletica from $420.00 to $460.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Oppenheimer increased their price objective on Lululemon Athletica from $380.00 to $500.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Lululemon Athletica from $292.00 to $396.00 and gave the company a "hold" rating in a research report on Monday, December 9th. Barclays raised 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. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $445.00 price objective on shares of Lululemon Athletica in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $397.10.
Check Out Our Latest Stock Report on Lululemon Athletica
Insiders Place Their Bets
In related news, insider Nicole Neuburger sold 2,022 shares of the firm's stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the sale, the insider now owns 6,198 shares of the company's stock, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.48% of the company's stock.
Lululemon Athletica Profile
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Free Report)
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.
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