Northwest & Ethical Investments L.P. Buys Shares of 46,481 Lululemon Athletica Inc. (NASDAQ:LULU)

Northwest & Ethical Investments L.P. acquired a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, HoldingsChannel reports. The firm acquired 46,481 shares of the apparel retailer’s stock, valued at approximately $17,775,000.

Other institutional investors and hedge funds have also modified their holdings of the company. TCTC Holdings LLC purchased a new stake in Lululemon Athletica in the 4th quarter worth approximately $26,000. Kestra Investment Management LLC acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth $32,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Lululemon Athletica in the fourth quarter valued at $32,000. Sound Income Strategies LLC increased its stake in Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 65 shares during the last quarter. Finally, Asset Planning Inc purchased a new position in Lululemon Athletica during the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. UBS Group lifted their price target on Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Morgan Stanley lowered their price target on Lululemon Athletica from $420.00 to $411.00 and set an “overweight” rating for the company in a report on Wednesday. BMO Capital Markets lifted their price target on Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Needham & Company LLC upgraded Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price target for the company in a report on Friday, January 10th. Finally, Oppenheimer lifted their price target on Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, February 7th. One investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $398.83.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.48% of the company’s stock.

Lululemon Athletica Price Performance

LULU stock opened at $329.57 on Thursday. The firm has a market cap of $40.14 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 2.22 and a beta of 1.21. The firm has a fifty day moving average price of $372.75 and a two-hundred day moving average price of $336.02. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $480.94.

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.