Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 423,281 shares of the apparel retailer’s stock after acquiring an additional 6,234 shares during the period. Thrivent Financial for Lutherans’ holdings in Lululemon Athletica were worth $161,818,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. TCTC Holdings LLC acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth $26,000. Kestra Investment Management LLC acquired a new stake in shares of Lululemon Athletica during the 4th quarter valued at approximately $32,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Lululemon Athletica during the fourth quarter worth $32,000. Sound Income Strategies LLC grew its stake in Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 65 shares during the last quarter. Finally, Asset Planning Inc purchased a new position in shares of Lululemon Athletica during the 4th quarter worth approximately $33,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Lululemon Athletica Stock Up 5.2 %

LULU opened at $327.09 on Tuesday. The business has a fifty day simple moving average of $375.42 and a 200-day simple moving average of $335.62. The firm has a market cap of $39.83 billion, a PE ratio of 23.62, a P/E/G ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $480.94.

Insider Buying and Selling

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was 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 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 is available through this hyperlink. Company insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on LULU. Evercore ISI raised 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. UBS Group boosted their price objective 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. Oppenheimer increased their price objective on shares of Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Robert W. Baird raised their price objective on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, TD Cowen upped their target price on shares of Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. One equities 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $399.14.

Lululemon Athletica Company 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.