Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC trimmed its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 81.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 813 shares of the apparel retailer’s stock after selling 3,541 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Lululemon Athletica were worth $311,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. TCTC Holdings LLC purchased a new stake in Lululemon Athletica during the fourth quarter valued at about $26,000. Kestra Investment Management LLC purchased a new stake in Lululemon Athletica during the fourth quarter valued at about $32,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Lululemon Athletica during the fourth quarter valued at about $32,000. Sound Income Strategies LLC lifted its stake in Lululemon Athletica by 309.5% during the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 65 shares in the last quarter. Finally, Asset Planning Inc purchased a new stake in Lululemon Athletica during the fourth quarter valued at about $33,000. 85.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the sale, the insider now owns 6,198 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica Trading Down 0.6 %

Shares of Lululemon Athletica stock opened at $322.62 on Friday. The company’s fifty day simple moving average is $369.92 and its 200-day simple moving average is $336.93. The company has a market cap of $39.29 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $423.32.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Telsey Advisory Group reiterated an “outperform” rating and issued a $445.00 target price on shares of Lululemon Athletica in a report on Thursday. Needham & Company LLC upgraded Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 target price on the stock in a report on Friday, January 10th. KeyCorp upped their target price on Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Finally, Evercore ISI upped their target price on Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $397.10.

Lululemon Athletica 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.