Cibc World Markets Corp Has $27.29 Million Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Cibc World Markets Corp decreased its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 15.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,351 shares of the apparel retailer’s stock after selling 12,793 shares during the period. Cibc World Markets Corp owned 0.06% of Lululemon Athletica worth $27,285,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in LULU. Geode Capital Management LLC lifted its position in shares of Lululemon Athletica by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock worth $669,036,000 after purchasing an additional 44,294 shares during the last quarter. Diamond Hill Capital Management Inc. bought a new stake in shares of Lululemon Athletica in the 4th quarter valued at approximately $370,062,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Lululemon Athletica by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 719,413 shares of the apparel retailer’s stock worth $275,111,000 after acquiring an additional 17,119 shares in the last quarter. Amundi boosted its holdings in shares of Lululemon Athletica by 2.9% in the 4th quarter. Amundi now owns 666,691 shares of the apparel retailer’s stock worth $261,956,000 after acquiring an additional 18,861 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. boosted its holdings in shares of Lululemon Athletica by 43.5% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 611,814 shares of the apparel retailer’s stock worth $166,016,000 after acquiring an additional 185,440 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Stock Performance

Shares of Lululemon Athletica stock opened at $311.03 on Monday. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $480.94. The company has a market capitalization of $37.88 billion, a PE ratio of 22.46, a P/E/G ratio of 2.22 and a beta of 1.21. The company has a 50-day simple moving average of $376.79 and a two-hundred day simple moving average of $335.14.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. TD Cowen increased their price target on Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Piper Sandler raised their price objective on Lululemon Athletica from $260.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Sanford C. Bernstein upgraded Lululemon Athletica from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $360.00 to $460.00 in a report on Tuesday, January 7th. Barclays raised their price objective on Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Finally, Citigroup raised their target price on shares of Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $399.14.

Insider Activity at Lululemon Athletica

In other news, insider Nicole Neuburger sold 2,022 shares of the company’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 completion of the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This represents a 24.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 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.