Whittier Trust Co. of Nevada Inc. Boosts Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Whittier Trust Co. of Nevada Inc. lifted its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,253 shares of the apparel retailer’s stock after purchasing an additional 722 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Lululemon Athletica were worth $5,068,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LULU. TCTC Holdings LLC purchased a new stake in shares of Lululemon Athletica in the 4th quarter valued at approximately $26,000. Kestra Investment Management LLC acquired a new position in Lululemon Athletica in the fourth quarter valued at approximately $32,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Lululemon Athletica in the fourth quarter worth approximately $32,000. Asset Planning Inc acquired a new stake in Lululemon Athletica during the fourth quarter worth $33,000. Finally, Sound Income Strategies LLC raised its position 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 period. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Lululemon Athletica Stock Down 0.6 %

LULU stock opened at $322.62 on Friday. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $423.32. The stock has a market cap of $39.29 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 2.22 and a beta of 1.21. The business has a 50 day moving average price of $369.92 and a 200 day moving average price of $336.38.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on LULU shares. Sanford C. Bernstein raised Lululemon Athletica from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $360.00 to $460.00 in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lifted their price target 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. Jefferies Financial Group reissued an “underperform” rating and issued a $220.00 price target on shares of Lululemon Athletica in a research note on Monday, December 2nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $445.00 target price on shares of Lululemon Athletica in a report on Thursday. Finally, Robert W. Baird boosted their target price on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $397.10.

Insider Buying and Selling

In other news, insider Nicole Neuburger sold 2,022 shares of the business’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 transaction of $782,736.42. Following the sale, the insider now owns 6,198 shares of the company’s stock, valued at $2,399,307.78. The trade was a 24.60 % decrease in their position. The sale 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 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.