46,481 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Acquired by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. bought a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 46,481 shares of the apparel retailer’s stock, valued at approximately $17,775,000.

Several other large investors have also recently added to or reduced their stakes in the business. TCTC Holdings LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter valued at $26,000. Kestra Investment Management LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter valued at $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter valued at $32,000. Sound Income Strategies LLC raised its holdings in shares of Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 65 shares in the last quarter. Finally, Asset Planning Inc acquired a new stake in shares of Lululemon Athletica in the 4th quarter valued at $33,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Price Performance

LULU opened at $329.57 on Thursday. The stock’s 50 day simple moving average is $372.75 and its 200 day simple moving average is $336.02. The stock has a market cap of $40.14 billion, a P/E ratio of 23.80, a P/E/G ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $480.94.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica 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 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.48% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Telsey Advisory Group raised their price objective on shares of Lululemon Athletica from $430.00 to $445.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $220.00 target price on shares of Lululemon Athletica in a research report on Monday, December 2nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $438.00 target price (up from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. Oppenheimer increased their target price on shares of Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, Guggenheim increased their target price on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, December 6th. One 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $398.83.

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.