Dorsey & Whitney Trust CO LLC Grows Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Dorsey & Whitney Trust CO LLC increased its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 44.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,155 shares of the apparel retailer’s stock after acquiring an additional 354 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Lululemon Athletica were worth $442,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of Lululemon Athletica by 1.8% during the third 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. Charles Schwab Investment Management Inc. grew its stake in Lululemon Athletica by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 719,413 shares of the apparel retailer’s stock valued at $275,111,000 after purchasing an additional 17,119 shares during the last quarter. Montrusco Bolton Investments Inc. grew its stake in Lululemon Athletica by 43.5% in the third quarter. Montrusco Bolton Investments Inc. now owns 611,814 shares of the apparel retailer’s stock valued at $166,016,000 after purchasing an additional 185,440 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in Lululemon Athletica by 60.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 546,162 shares of the apparel retailer’s stock valued at $148,201,000 after purchasing an additional 205,757 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Lululemon Athletica by 136.3% in the third quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock worth $143,624,000 after acquiring an additional 305,302 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors.

Lululemon Athletica Stock Performance

NASDAQ:LULU opened at $333.77 on Tuesday. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $480.94. The business’s 50-day simple moving average is $381.96 and its 200 day simple moving average is $333.82. The stock has a market cap of $40.65 billion, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Piper Sandler raised their price target on Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. UBS Group raised their price target on Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Raymond James reissued an “outperform” rating and issued a $430.00 price target (up previously from $400.00) on shares of Lululemon Athletica in a report on Wednesday, January 15th. JPMorgan Chase & Co. raised their price target on Lululemon Athletica from $428.00 to $437.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, Barclays lifted their target price on Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, Lululemon Athletica has an average rating of “Moderate Buy” and an average target price 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 approximately $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.48% of the stock is owned by corporate insiders.

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.