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

Vanguard Group Inc. decreased its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 1.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 13,109,165 shares of the apparel retailer’s stock after selling 215,504 shares during the period. Vanguard Group Inc. owned approximately 0.11% of Lululemon Athletica worth $5,013,076,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

LULU has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. BMO Capital Markets boosted their price objective on Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Stifel Nicolaus reaffirmed a “buy” rating and set a $438.00 target price (up from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. JPMorgan Chase & Co. boosted their price target on shares of Lululemon Athletica from $428.00 to $437.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $445.00 price target on shares of Lululemon Athletica in a research report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $397.10.

Lululemon Athletica Trading Up 3.8 %

LULU stock opened at $334.96 on Tuesday. The firm has a 50 day moving average of $368.64 and a 200-day moving average of $338.07. The firm has a market capitalization of $40.79 billion, a P/E ratio of 24.18, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32.

Insider Buying and Selling at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of the 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 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.48% of the company’s stock.

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.