Commonwealth Equity Services LLC Sells 5,832 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Commonwealth Equity Services LLC reduced its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 9.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,417 shares of the apparel retailer’s stock after selling 5,832 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Lululemon Athletica were worth $21,192,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. raised its stake in Lululemon Athletica by 11.3% during the third quarter. Victory Capital Management Inc. now owns 103,577 shares of the apparel retailer’s stock worth $28,106,000 after acquiring an additional 10,499 shares in the last quarter. Metis Global Partners LLC increased its position in Lululemon Athletica by 8.7% during the 3rd quarter. Metis Global Partners LLC now owns 6,083 shares of the apparel retailer’s stock worth $1,651,000 after purchasing an additional 488 shares in the last quarter. OneDigital Investment Advisors LLC lifted its stake in Lululemon Athletica by 178.6% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,277 shares of the apparel retailer’s stock valued at $1,703,000 after purchasing an additional 4,024 shares during the last quarter. CIBC Asset Management Inc boosted its position in Lululemon Athletica by 4.4% in the third quarter. CIBC Asset Management Inc now owns 36,272 shares of the apparel retailer’s stock valued at $9,842,000 after buying an additional 1,521 shares in the last quarter. Finally, Mizuho Markets Americas LLC acquired a new position in shares of Lululemon Athletica during the third quarter worth $4,927,000. Institutional investors own 85.20% of the company’s stock.

Insider Buying and Selling at Lululemon Athletica

In other news, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction dated 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 sale, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.48% of the company’s stock.

Lululemon Athletica Trading Up 0.4 %

Lululemon Athletica stock opened at $311.03 on Monday. The firm’s fifty day moving average price is $376.79 and its two-hundred day moving average price is $335.14. The firm has a market capitalization of $37.88 billion, a price-to-earnings ratio of 22.46, a price-to-earnings-growth 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 $480.94.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on LULU shares. Deutsche Bank Aktiengesellschaft raised their price objective on Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a report on Monday, December 9th. Citigroup boosted their price target on Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. William Blair reiterated an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Morgan Stanley upped 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. Finally, Guggenheim lifted their price target on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a report on Friday, December 6th. One 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.