Saturna Capital Corp Cuts Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Saturna Capital Corp decreased its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 40.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,000 shares of the apparel retailer’s stock after selling 2,069 shares during the quarter. Saturna Capital Corp’s holdings in Lululemon Athletica were worth $1,147,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of LULU. Maverick Capital Ltd. bought a new stake in shares of Lululemon Athletica in the 3rd quarter valued at approximately $93,476,000. The Manufacturers Life Insurance Company increased its position in shares of Lululemon Athletica by 136.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock valued at $143,624,000 after purchasing an additional 305,302 shares during the last quarter. Southpoint Capital Advisors LP purchased a new stake in Lululemon Athletica during the 3rd quarter valued at $81,405,000. Los Angeles Capital Management LLC lifted its position in Lululemon Athletica by 248.5% in the fourth quarter. Los Angeles Capital Management LLC now owns 323,031 shares of the apparel retailer’s stock worth $123,530,000 after buying an additional 230,349 shares during the last quarter. Finally, Swedbank AB boosted its stake in Lululemon Athletica by 151.0% during the third quarter. Swedbank AB now owns 367,584 shares of the apparel retailer’s stock worth $99,744,000 after buying an additional 221,112 shares during the period. Institutional investors own 85.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Truist Financial increased their target price on shares of Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Raymond James reissued an “outperform” rating and issued a $430.00 price objective (up from $400.00) on shares of Lululemon Athletica in a research report on Wednesday, January 15th. Barclays upped their target price on Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Stifel Nicolaus reiterated a “buy” rating and issued a $438.00 price target (up from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. Finally, Guggenheim boosted their price objective on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a report on Friday, December 6th. One 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, Lululemon Athletica currently has an average rating of “Moderate Buy” and an average price target of $399.14.

Lululemon Athletica Price Performance

Shares of LULU stock opened at $319.42 on Wednesday. The stock’s 50-day moving average is $380.70 and its 200 day moving average is $334.18. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $480.94. The company has a market cap of $38.90 billion, a P/E ratio of 23.06, a PEG ratio of 2.22 and a beta of 1.21.

Insider Buying and Selling at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of the business’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 owns 6,198 shares in the company, valued at $2,399,307.78. The trade was a 24.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.48% of the company’s stock.

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.