Wealthfront Advisers LLC Raises Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Wealthfront Advisers LLC boosted its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 99.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,776 shares of the apparel retailer’s stock after buying an additional 8,366 shares during the period. Wealthfront Advisers LLC’s holdings in Lululemon Athletica were worth $6,415,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LULU. Maverick Capital Ltd. purchased a new stake in Lululemon Athletica in the 3rd quarter valued at about $93,476,000. The Manufacturers Life Insurance Company raised its holdings in 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 buying an additional 305,302 shares during the period. Southpoint Capital Advisors LP purchased a new stake in Lululemon Athletica in the 3rd quarter valued at about $81,405,000. Los Angeles Capital Management LLC raised its holdings in 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 buying an additional 230,349 shares during the period. Finally, Swedbank AB increased its stake in Lululemon Athletica by 151.0% during the third quarter. Swedbank AB now owns 367,584 shares of the apparel retailer’s stock worth $99,744,000 after purchasing an additional 221,112 shares during the period. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LULU has been the topic of a number of recent research reports. Robert W. Baird boosted their price target on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. UBS Group boosted their price target on shares of Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Evercore ISI boosted their price target on shares of Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. BMO Capital Markets boosted their price target on shares of Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Finally, Raymond James reiterated an “outperform” rating and set a $430.00 price target (up from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $399.14.

Lululemon Athletica Price Performance

Lululemon Athletica stock opened at $316.49 on Thursday. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $480.94. The business has a 50 day simple moving average of $379.38 and a 200-day simple moving average of $334.06. The stock has a market capitalization of $38.54 billion, a PE ratio of 22.85, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the transaction, the insider now owns 6,198 shares in the company, 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 legal filing with the SEC, which can be accessed through this link. Company 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.