Truvestments Capital LLC Has $958,000 Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Truvestments Capital LLC increased its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 31.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,505 shares of the apparel retailer’s stock after purchasing an additional 596 shares during the period. Truvestments Capital LLC’s holdings in Lululemon Athletica were worth $958,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Hollencrest Capital Management increased its position in shares of Lululemon Athletica by 43.2% in the 4th quarter. Hollencrest Capital Management now owns 1,330 shares of the apparel retailer’s stock valued at $509,000 after buying an additional 401 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Lululemon Athletica by 7.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 593 shares of the apparel retailer’s stock worth $227,000 after purchasing an additional 41 shares during the period. Prosperity Financial Group Inc. acquired a new position in shares of Lululemon Athletica during the 4th quarter worth about $222,000. Natural Investments LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter worth about $1,766,000. Finally, Wealthfront Advisers LLC boosted its stake in shares of Lululemon Athletica by 99.5% during the 4th quarter. Wealthfront Advisers LLC now owns 16,776 shares of the apparel retailer’s stock worth $6,415,000 after buying an additional 8,366 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Trading Down 4.3 %

LULU opened at $319.42 on Wednesday. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $480.94. The company has a market cap 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. The company has a fifty day moving average price of $380.70 and a two-hundred day moving average price of $334.18.

Analysts Set New Price Targets

LULU has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on shares of Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. increased their price target on shares of Lululemon Athletica from $428.00 to $437.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Sanford C. Bernstein upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and raised their target price for the company from $360.00 to $460.00 in a research report on Tuesday, January 7th. Guggenheim raised their target price on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, TD Securities raised their target price on shares of Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $399.14.

Insider Buying and Selling at Lululemon Athletica

In other 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 completion of the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.48% of the company’s stock.

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.