Net Worth Advisory Group Sells 58 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Net Worth Advisory Group lowered its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 4.5% in the fourth quarter, Holdings Channel reports. The firm owned 1,225 shares of the apparel retailer’s stock after selling 58 shares during the quarter. Net Worth Advisory Group’s holdings in Lululemon Athletica were worth $468,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LULU. Maverick Capital Ltd. acquired a new stake in shares of Lululemon Athletica in the 3rd quarter valued at approximately $93,476,000. The Manufacturers Life Insurance Company grew its position in shares of Lululemon Athletica by 136.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock valued at $143,624,000 after acquiring an additional 305,302 shares during the period. Southpoint Capital Advisors LP acquired a new position in shares of Lululemon Athletica during the 3rd quarter worth about $81,405,000. Los Angeles Capital Management LLC raised its holdings in shares of Lululemon Athletica by 248.5% in the 4th quarter. Los Angeles Capital Management LLC now owns 323,031 shares of the apparel retailer’s stock valued at $123,530,000 after purchasing an additional 230,349 shares during the period. Finally, Swedbank AB lifted its stake in Lululemon Athletica by 151.0% in the 3rd quarter. Swedbank AB now owns 367,584 shares of the apparel retailer’s stock valued at $99,744,000 after purchasing an additional 221,112 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LULU has been the topic of a number of recent analyst reports. Truist Financial boosted their price target on Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. JPMorgan Chase & Co. boosted their target price on Lululemon Athletica from $428.00 to $437.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Morgan Stanley raised their price target on Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. KeyCorp upped their price objective on shares of Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Finally, Oppenheimer raised their target price on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, Lululemon Athletica presently has an average rating of “Moderate Buy” and a consensus price target of $399.14.

Lululemon Athletica Stock Performance

Lululemon Athletica stock opened at $319.42 on Wednesday. The stock has a fifty day moving average of $380.70 and a 200-day moving average of $334.18. The stock has a market capitalization of $38.90 billion, a P/E ratio of 23.06, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $480.94.

Insiders Place Their Bets

In related news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.48% of the company’s stock.

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.