Blair William & Co. IL Sells 17,891 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Blair William & Co. IL lowered its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 9.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 178,950 shares of the apparel retailer’s stock after selling 17,891 shares during the period. Blair William & Co. IL owned approximately 0.15% of Lululemon Athletica worth $68,432,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Diamond Hill Capital Management Inc. bought a new position in Lululemon Athletica during the 4th quarter worth $370,062,000. Maverick Capital Ltd. bought a new position in shares of Lululemon Athletica in the third quarter worth $93,476,000. The Manufacturers Life Insurance Company lifted its position in Lululemon Athletica by 136.3% during the third quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock worth $143,624,000 after purchasing an additional 305,302 shares during the period. Southpoint Capital Advisors LP acquired a new stake in Lululemon Athletica during the third quarter worth about $81,405,000. Finally, Los Angeles Capital Management LLC boosted its position in shares of Lululemon Athletica by 248.5% during the 4th quarter. Los Angeles Capital Management LLC now owns 323,031 shares of the apparel retailer’s stock worth $123,530,000 after acquiring an additional 230,349 shares in the last quarter. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Trading Up 0.1 %

Shares of LULU stock opened at $337.79 on Thursday. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32. The stock has a market cap of $41.14 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. The company’s fifty day moving average price is $366.84 and its 200-day moving average price is $338.65.

Wall Street Analysts Forecast Growth

LULU has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their price target 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. Evercore ISI boosted their price objective on Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. William Blair reiterated an “outperform” rating on shares of Lululemon Athletica in a report on Friday, December 6th. Jefferies Financial Group restated an “underperform” rating and issued a $220.00 price target on shares of Lululemon Athletica in a research report on Monday, December 2nd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $438.00 price objective (up previously from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $395.55.

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.