Blueshift Asset Management LLC Acquires New Shares in Lululemon Athletica Inc. (NASDAQ:LULU)

Blueshift Asset Management LLC bought a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,249 shares of the apparel retailer’s stock, valued at approximately $2,007,000. Lululemon Athletica comprises about 0.7% of Blueshift Asset Management LLC’s portfolio, making the stock its 18th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. TCTC Holdings LLC acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth about $26,000. Kestra Investment Management LLC acquired a new stake in shares of Lululemon Athletica during the fourth quarter valued at about $32,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Lululemon Athletica in the 4th quarter valued at approximately $32,000. Asset Planning Inc acquired a new position in shares of Lululemon Athletica in the 4th quarter worth approximately $33,000. Finally, Sound Income Strategies LLC boosted its position in shares of Lululemon Athletica by 309.5% during the 4th 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 period. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on LULU shares. Citigroup upped their price target on Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Guggenheim increased their price target on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. TD Securities upped their target price on shares of Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Stifel Nicolaus reiterated a “buy” rating and set a $438.00 target price (up from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. Finally, Oppenheimer boosted their price target 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 research 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. Based on data from MarketBeat, Lululemon Athletica has an average rating of “Moderate Buy” and an average target price of $398.83.

Insider Activity at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of the 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.48% of the stock is currently owned by insiders.

Lululemon Athletica Trading Up 2.0 %

Shares of LULU stock opened at $329.57 on Thursday. The company has a market capitalization of $40.14 billion, a P/E ratio of 23.80, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. The business’s 50 day moving average is $372.75 and its two-hundred day moving average is $336.02. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $480.94.

Lululemon Athletica 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.