Xponance Inc. Sells 209 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Xponance Inc. cut its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 0.7% in the fourth quarter, HoldingsChannel reports. The firm owned 27,710 shares of the apparel retailer’s stock after selling 209 shares during the period. Xponance Inc.’s holdings in Lululemon Athletica were worth $10,597,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. TCTC Holdings LLC bought a new stake in Lululemon Athletica during the 4th quarter valued at $26,000. Kestra Investment Management LLC bought a new position in shares of Lululemon Athletica in the 4th quarter worth $32,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Lululemon Athletica in the 4th quarter worth $32,000. Sound Income Strategies LLC raised its position 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 worth $33,000 after acquiring an additional 65 shares in the last quarter. Finally, Asset Planning Inc bought a new position in shares of Lululemon Athletica in the 4th quarter worth $33,000. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Stock Down 1.2 %

Lululemon Athletica stock opened at $323.07 on Wednesday. The firm has a market cap of $39.34 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $480.94. The business’s 50-day moving average price is $374.01 and its 200 day moving average price is $336.06.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.48% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on LULU shares. Wells Fargo & Company boosted their price target on Lululemon Athletica from $350.00 to $375.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 15th. Robert W. Baird increased their price target on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Telsey Advisory Group increased their price target on Lululemon Athletica from $430.00 to $445.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. 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. Finally, KeyCorp increased their price target on Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and a consensus target price of $399.14.

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.