Xponance Inc. Cuts Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Xponance Inc. lowered its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,710 shares of the apparel retailer’s stock after selling 209 shares during the quarter. Xponance Inc.’s holdings in Lululemon Athletica were worth $10,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TCTC Holdings LLC bought a new stake in Lululemon Athletica in the fourth quarter valued at approximately $26,000. Kestra Investment Management LLC bought a new position in Lululemon Athletica in the fourth quarter worth $32,000. Bradley & Co. Private Wealth Management LLC bought a new position in Lululemon Athletica in the fourth quarter worth $32,000. Asset Planning Inc bought a new position in Lululemon Athletica in the fourth quarter worth $33,000. Finally, Sound Income Strategies LLC grew its stake in shares of Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 65 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Down 1.2 %

LULU opened at $323.07 on Wednesday. The business has a fifty day moving average of $374.01 and a 200 day moving average of $336.06. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $480.94. The stock has a market cap of $39.34 billion, a P/E ratio of 23.33, a PEG ratio of 2.22 and a beta of 1.21.

Analyst Ratings Changes

A number of equities research analysts have recently commented on LULU shares. Evercore ISI increased their target price on Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Jefferies Financial Group reissued an “underperform” rating and issued a $220.00 target price on shares of Lululemon Athletica in a research report on Monday, December 2nd. Morgan Stanley raised their price objective on Lululemon Athletica from $414.00 to $420.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 15th. Citigroup raised their price objective on Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Finally, Sanford C. Bernstein raised Lululemon Athletica from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $360.00 to $460.00 in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $399.14.

Insider Activity at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of the business’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 completion of the transaction, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. The trade was a 24.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.48% of the stock is owned by company 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.