Signaturefd LLC Increases Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Signaturefd LLC raised its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 6.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,945 shares of the apparel retailer’s stock after purchasing an additional 225 shares during the quarter. Signaturefd LLC’s holdings in Lululemon Athletica were worth $1,509,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Parallel Advisors LLC boosted its holdings in Lululemon Athletica by 11.3% in the 4th quarter. Parallel Advisors LLC now owns 8,659 shares of the apparel retailer’s stock valued at $3,311,000 after purchasing an additional 880 shares in the last quarter. Glenview Trust co purchased a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $266,000. Harbour Investments Inc. boosted its stake in shares of Lululemon Athletica by 80.0% during the 4th quarter. Harbour Investments Inc. now owns 189 shares of the apparel retailer’s stock worth $72,000 after acquiring an additional 84 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Lululemon Athletica by 3.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 16,038 shares of the apparel retailer’s stock worth $6,133,000 after acquiring an additional 532 shares in the last quarter. Finally, Frank Rimerman Advisors LLC purchased a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $223,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Trading Up 5.2 %

Shares of Lululemon Athletica stock opened at $327.09 on Tuesday. The company has a fifty day moving average price of $375.42 and a 200 day moving average price of $335.62. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $480.94. The stock has a market cap of $39.83 billion, a price-to-earnings ratio of 23.62, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21.

Insider Buying and Selling

In related news, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.48% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Citigroup boosted their price target on Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. KeyCorp boosted their price target on Lululemon Athletica from $400.00 to $420.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Barclays boosted their price target on Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft upped their target price on Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $438.00 target price (up previously from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $399.14.

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.