Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC trimmed its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 62.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,297 shares of the apparel retailer’s stock after selling 2,164 shares during the quarter. Farther Finance Advisors LLC’s holdings in Lululemon Athletica were worth $496,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Investment Partners Asset Management Inc. acquired a new position in shares of Lululemon Athletica in the 4th quarter worth $275,000. Rockefeller Capital Management L.P. grew its holdings in shares of Lululemon Athletica by 50.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock worth $28,070,000 after acquiring an additional 34,704 shares during the last quarter. Lebenthal Global Advisors LLC grew its holdings in shares of Lululemon Athletica by 138.1% in the 4th quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer’s stock worth $1,032,000 after acquiring an additional 1,565 shares during the last quarter. Montag A & Associates Inc. grew its holdings in shares of Lululemon Athletica by 495.1% in the 4th quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer’s stock worth $1,627,000 after acquiring an additional 3,540 shares during the last quarter. Finally, Northeast Investment Management acquired a new stake in shares of Lululemon Athletica in the fourth quarter worth $276,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Lululemon Athletica Stock Performance

Lululemon Athletica stock opened at $311.03 on Monday. The business’s 50-day simple moving average is $376.79 and its 200-day simple moving average is $335.14. The firm has a market capitalization of $37.88 billion, a PE ratio of 22.46, 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 $480.94.

Analyst Ratings Changes

Several analysts have recently commented on LULU shares. TD Cowen raised their target price on Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised their target price on Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Piper Sandler raised their target price on Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Morgan Stanley raised their target price on Lululemon Athletica from $414.00 to $420.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 15th. Finally, KeyCorp raised their target price on Lululemon Athletica from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $399.14.

Insider Transactions at Lululemon Athletica

In other news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the transaction, the insider now directly owns 6,198 shares in the company, 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 document filed with the SEC, which is accessible through this hyperlink. 0.48% of the stock is currently owned by corporate insiders.

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.