American Century Companies Inc. Trims Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

American Century Companies Inc. lessened its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 1.8% in the 4th quarter, HoldingsChannel reports. The firm owned 1,161,073 shares of the apparel retailer’s stock after selling 21,384 shares during the quarter. American Century Companies Inc.’s holdings in Lululemon Athletica were worth $444,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in Lululemon Athletica by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock valued at $669,036,000 after buying an additional 44,294 shares in the last quarter. Diamond Hill Capital Management Inc. purchased a new position in Lululemon Athletica in the fourth quarter valued at $370,062,000. Charles Schwab Investment Management Inc. increased its holdings in Lululemon Athletica by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 719,413 shares of the apparel retailer’s stock valued at $275,111,000 after buying an additional 17,119 shares in the last quarter. Amundi increased its holdings in Lululemon Athletica by 2.9% in the fourth quarter. Amundi now owns 666,691 shares of the apparel retailer’s stock valued at $261,956,000 after buying an additional 18,861 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. increased its holdings in Lululemon Athletica by 43.5% in the third quarter. Montrusco Bolton Investments Inc. now owns 611,814 shares of the apparel retailer’s stock valued at $166,016,000 after buying an additional 185,440 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on LULU. TD Securities lifted their price objective on shares of Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Morgan Stanley cut their price objective on shares of Lululemon Athletica from $420.00 to $411.00 and set an “overweight” rating for the company in a report on Wednesday. Oppenheimer lifted their target price on shares of Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Wells Fargo & Company lifted their target price on shares of Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 15th. Finally, William Blair reiterated an “outperform” rating on shares of Lululemon Athletica in a research 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $397.10.

Insider Activity

In other 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 value of $782,736.42. Following the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.48% of the company’s stock.

Lululemon Athletica Price Performance

Shares of LULU stock opened at $322.62 on Friday. The firm’s 50-day moving average is $369.92 and its two-hundred day moving average is $336.38. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $423.32. The company has a market capitalization of $39.29 billion, a PE ratio of 23.29, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21.

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.