Moors & Cabot Inc. Has $326,000 Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Moors & Cabot Inc. cut its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 41.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 853 shares of the apparel retailer’s stock after selling 593 shares during the period. Moors & Cabot Inc.’s holdings in Lululemon Athletica were worth $326,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Investment Partners Asset Management Inc. acquired a new position in Lululemon Athletica during the 4th quarter valued at about $275,000. Rockefeller Capital Management L.P. lifted its position in Lululemon Athletica by 50.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock valued at $28,070,000 after purchasing an additional 34,704 shares during the period. Lebenthal Global Advisors LLC lifted its position in Lululemon Athletica by 138.1% during the 4th quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer’s stock valued at $1,032,000 after purchasing an additional 1,565 shares during the period. Montag A & Associates Inc. lifted its position in Lululemon Athletica by 495.1% during the 4th quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer’s stock valued at $1,627,000 after purchasing an additional 3,540 shares during the period. Finally, Northeast Investment Management acquired a new position in Lululemon Athletica during the 4th quarter valued at about $276,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction on Thursday, December 26th. The shares were 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 directly owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.48% of the stock is owned by company insiders.

Lululemon Athletica Stock Up 0.4 %

Shares of 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 company has a 50 day moving average of $376.79 and a 200-day moving average of $334.60. The stock has a market capitalization of $37.88 billion, a P/E ratio of 22.46, a P/E/G ratio of 2.22 and a beta of 1.21.

Analysts Set New Price Targets

LULU has been the topic of a number of research reports. Needham & Company LLC upgraded shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 target price on the stock in a research report on Friday, January 10th. BMO Capital Markets increased their price target on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Citigroup increased their price target on shares of Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Piper Sandler increased their price target on shares of Lululemon Athletica from $260.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Finally, Morgan Stanley increased their price target on shares of Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. 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 company’s stock. According to data from MarketBeat, Lululemon Athletica currently has an average rating of “Moderate Buy” and a consensus target price of $399.14.

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.