Corebridge Financial Inc. Has $14.26 Million Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Corebridge Financial Inc. cut its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 4.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 37,288 shares of the apparel retailer’s stock after selling 1,661 shares during the quarter. Corebridge Financial Inc.’s holdings in Lululemon Athletica were worth $14,259,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in LULU. Geode Capital Management LLC raised its holdings in Lululemon Athletica by 1.8% during the third quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock valued at $669,036,000 after buying an additional 44,294 shares in the last quarter. Diamond Hill Capital Management Inc. bought a new position in Lululemon Athletica in the 4th quarter worth $370,062,000. Charles Schwab Investment Management Inc. lifted its position in Lululemon Athletica by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 719,413 shares of the apparel retailer’s stock worth $275,111,000 after acquiring an additional 17,119 shares during the last quarter. Amundi boosted its holdings in Lululemon Athletica by 2.9% during the fourth quarter. Amundi now owns 666,691 shares of the apparel retailer’s stock valued at $261,956,000 after acquiring an additional 18,861 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Lululemon Athletica by 60.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 546,162 shares of the apparel retailer’s stock worth $148,201,000 after purchasing an additional 205,757 shares during the period. 85.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on LULU shares. Piper Sandler increased their target price on Lululemon Athletica from $260.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Oppenheimer increased their price objective on Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Jefferies Financial Group reissued an “underperform” rating and set a $220.00 target price on shares of Lululemon Athletica in a research report on Monday, December 2nd. Wells Fargo & Company upped their target price on Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 15th. Finally, Needham & Company LLC upgraded shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price target on the stock in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned 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 $397.10.

Insider Activity

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the company’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 transaction, the insider now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.48% of the stock is owned by insiders.

Lululemon Athletica Trading Up 0.7 %

LULU opened at $337.35 on Wednesday. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $423.32. The stock has a market capitalization of $41.08 billion, a PE ratio of 24.36, a PEG ratio of 2.22 and a beta of 1.21. The firm has a 50-day moving average price of $367.61 and a two-hundred day moving average price of $338.66.

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.