Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 6.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 315,700 shares of the apparel retailer’s stock after selling 22,400 shares during the period. Swiss National Bank owned approximately 0.26% of Lululemon Athletica worth $120,727,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Kestra Investment Management LLC acquired a new stake in Lululemon Athletica during the 4th quarter valued at $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Lululemon Athletica during the 4th quarter valued at $32,000. Asset Planning Inc acquired a new stake in Lululemon Athletica during the 4th quarter valued at $33,000. Sound Income Strategies LLC grew its holdings in Lululemon Athletica by 309.5% during the 4th 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 in the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in Lululemon Athletica during the 4th quarter valued at $36,000. 85.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction 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. The trade was a 24.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.48% of the stock is owned by insiders.

Analyst Ratings Changes

LULU has been the subject of several recent analyst reports. KeyCorp raised their price objective on shares of Lululemon Athletica from $400.00 to $420.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Guggenheim raised their price objective on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Wells Fargo & Company raised their price objective on shares of Lululemon Athletica from $350.00 to $375.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 15th. JPMorgan Chase & Co. raised their price objective 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, Barclays raised their price objective on shares of Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. One 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $399.14.

Lululemon Athletica Trading Up 0.4 %

LULU stock opened at $311.03 on Friday. 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 price-to-earnings ratio of 22.46, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. The firm’s 50-day moving average is $376.79 and its two-hundred day moving average is $334.16.

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.