Vanguard Group Inc. Sells 215,504 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Vanguard Group Inc. lowered its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,109,165 shares of the apparel retailer’s stock after selling 215,504 shares during the period. Vanguard Group Inc. owned approximately 10.76% of Lululemon Athletica worth $5,013,076,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Advisors Asset Management Inc. raised its position in shares of Lululemon Athletica by 51.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,677 shares of the apparel retailer’s stock valued at $455,000 after buying an additional 571 shares in the last quarter. Swedbank AB raised its position in Lululemon Athletica by 151.0% during the third quarter. Swedbank AB now owns 367,584 shares of the apparel retailer’s stock valued at $99,744,000 after purchasing an additional 221,112 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Lululemon Athletica by 5.0% during the third quarter. Daiwa Securities Group Inc. now owns 26,949 shares of the apparel retailer’s stock worth $7,313,000 after purchasing an additional 1,293 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in shares of Lululemon Athletica by 50.2% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 5,490 shares of the apparel retailer’s stock valued at $1,489,000 after purchasing an additional 1,834 shares in the last quarter. Finally, Independent Advisor Alliance increased its stake in shares of Lululemon Athletica by 11.8% in the 3rd quarter. Independent Advisor Alliance now owns 2,977 shares of the apparel retailer’s stock valued at $808,000 after purchasing an additional 315 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Analysts Set New Price Targets

LULU has been the subject of several recent analyst reports. KeyCorp upped their price objective on Lululemon Athletica from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. TD Securities raised their price target on shares of Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Guggenheim upped their price objective on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Jefferies Financial Group restated an “underperform” rating and issued a $220.00 target price on shares of Lululemon Athletica in a research report on Monday, December 2nd. Finally, Barclays increased their price target on Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, Lululemon Athletica currently has an average rating of “Moderate Buy” and an average target price of $397.10.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the business’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 owns 6,198 shares in the company, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.48% of the stock is owned by insiders.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU opened at $334.96 on Tuesday. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $423.32. The business’s 50 day simple moving average is $368.64 and its two-hundred day simple moving average is $338.07. The firm has a market cap of $40.79 billion, a P/E ratio of 24.18, a PEG ratio of 2.22 and a beta of 1.21.

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.