Farther Finance Advisors LLC Sells 2,164 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Farther Finance Advisors LLC trimmed its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 62.5% during the 4th quarter, HoldingsChannel reports. The fund owned 1,297 shares of the apparel retailer’s stock after selling 2,164 shares during the quarter. Farther Finance Advisors LLC’s holdings in Lululemon Athletica were worth $496,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Beacon Capital Management LLC raised its position in shares of Lululemon Athletica by 6.9% during the 4th quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer’s stock valued at $142,000 after acquiring an additional 24 shares during the last quarter. Edgestream Partners L.P. raised its position in shares of Lululemon Athletica by 0.7% during the 4th quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer’s stock valued at $1,353,000 after acquiring an additional 25 shares during the last quarter. SeaCrest Wealth Management LLC increased its position in shares of Lululemon Athletica by 2.6% in the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock valued at $389,000 after buying an additional 26 shares in the last quarter. Capital Advisors Ltd. LLC increased its position in shares of Lululemon Athletica by 9.4% in the 4th quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer’s stock valued at $124,000 after buying an additional 28 shares in the last quarter. Finally, LGT Fund Management Co Ltd. increased its position in shares of Lululemon Athletica by 3.3% in the 4th quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer’s stock valued at $356,000 after buying an additional 30 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LULU has been the subject of a number of recent analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $438.00 price objective (up previously from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. JPMorgan Chase & Co. upped their price objective on shares of Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research report on Monday, December 9th. UBS Group upped their price objective on shares of Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Finally, KeyCorp increased their target price on Lululemon Athletica from $400.00 to $420.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and an average price target of $399.14.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU opened at $311.03 on Monday. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $480.94. The company has a market capitalization of $37.88 billion, a P/E ratio of 22.46, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. The company has a 50-day simple moving average of $376.79 and a 200 day simple moving average of $335.14.

Insider Activity at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the sale, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.48% of the stock is currently owned by company insiders.

Lululemon Athletica Company 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.