Sei Investments Co. Grows Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Sei Investments Co. lifted its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 53.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,211 shares of the apparel retailer’s stock after buying an additional 40,294 shares during the period. Sei Investments Co. owned approximately 0.09% of Lululemon Athletica worth $44,053,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Investment Partners Asset Management Inc. acquired a new position in Lululemon Athletica during the fourth quarter worth $275,000. Rockefeller Capital Management L.P. boosted its position in shares of Lululemon Athletica by 50.5% during the third quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock worth $28,070,000 after buying an additional 34,704 shares during the period. Lebenthal Global Advisors LLC boosted its holdings 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 acquiring an additional 1,565 shares during the period. Montag A & Associates Inc. boosted its stake in shares of Lululemon Athletica by 495.1% in the fourth 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, Northwest & Ethical Investments L.P. purchased a new position in Lululemon Athletica in the 4th quarter valued at approximately $17,775,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.48% of the stock is currently owned by company insiders.

Lululemon Athletica Stock Up 3.8 %

Lululemon Athletica stock opened at $334.96 on Tuesday. The firm has a market capitalization of $40.79 billion, a PE ratio of 24.18, a P/E/G ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The firm’s 50-day simple moving average is $368.64 and its 200 day simple moving average is $338.07.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on LULU shares. TD Securities boosted their price objective on Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Wells Fargo & Company raised their price objective on Lululemon Athletica from $350.00 to $375.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 15th. KeyCorp raised their target price on shares of Lululemon Athletica from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Oppenheimer boosted their price target on Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, Guggenheim boosted their price objective on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.