Skandinaviska Enskilda Banken AB publ Grows Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,213 shares of the apparel retailer’s stock after purchasing an additional 806 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Lululemon Athletica were worth $9,298,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Erste Asset Management GmbH grew its holdings in Lululemon Athletica by 49.2% during the 4th quarter. Erste Asset Management GmbH now owns 30,617 shares of the apparel retailer’s stock valued at $11,838,000 after buying an additional 10,094 shares in the last quarter. Tredje AP fonden grew its holdings in Lululemon Athletica by 61.7% during the 4th quarter. Tredje AP fonden now owns 159,300 shares of the apparel retailer’s stock valued at $60,918,000 after buying an additional 60,761 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in Lululemon Athletica by 2.2% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,947 shares of the apparel retailer’s stock valued at $1,509,000 after buying an additional 86 shares in the last quarter. Great Lakes Advisors LLC grew its holdings in Lululemon Athletica by 4.3% during the 4th quarter. Great Lakes Advisors LLC now owns 19,930 shares of the apparel retailer’s stock valued at $7,621,000 after buying an additional 827 shares in the last quarter. Finally, Truvestments Capital LLC grew its holdings in Lululemon Athletica by 31.2% during the 4th quarter. Truvestments Capital LLC now owns 2,505 shares of the apparel retailer’s stock valued at $958,000 after buying an additional 596 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insider Activity

In other news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica 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 transaction, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

LULU has been the subject of several research analyst reports. Guggenheim raised their price target on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a report on Friday, December 6th. TD Securities raised their price objective on Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Raymond James reaffirmed an “outperform” rating and issued a $430.00 price objective (up from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. TD Cowen raised their price objective on Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and issued a $220.00 price objective on shares of Lululemon Athletica in a research note on Monday, December 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $399.14.

Lululemon Athletica Stock Up 0.4 %

Shares of NASDAQ LULU opened at $311.03 on Friday. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $480.94. The business has a fifty day simple moving average of $376.79 and a two-hundred day simple moving average of $334.16. The firm has a market cap of $37.88 billion, a PE ratio of 22.46, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21.

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.