Envestnet Portfolio Solutions Inc. Has $6.13 Million Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Envestnet Portfolio Solutions Inc. boosted its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 3.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 16,038 shares of the apparel retailer’s stock after acquiring an additional 532 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Lululemon Athletica were worth $6,133,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of LULU. Victory Capital Management Inc. grew its stake in Lululemon Athletica by 11.3% in the 3rd quarter. Victory Capital Management Inc. now owns 103,577 shares of the apparel retailer’s stock valued at $28,106,000 after buying an additional 10,499 shares during the last quarter. OneDigital Investment Advisors LLC grew 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 buying an additional 4,024 shares during the last quarter. Claro Advisors LLC bought a new stake in Lululemon Athletica in the 3rd quarter valued at $232,000. Quest Partners LLC boosted its holdings in Lululemon Athletica by 82.3% in the 3rd quarter. Quest Partners LLC now owns 3,060 shares of the apparel retailer’s stock valued at $830,000 after purchasing an additional 1,381 shares during the period. Finally, WP Advisors LLC bought a new stake in Lululemon Athletica in the 3rd quarter valued at $207,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lululemon Athletica

In other news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica 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 sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica Trading Up 5.2 %

LULU opened at $327.09 on Tuesday. The stock has a market capitalization of $39.83 billion, a PE ratio of 23.62, a PEG 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. The firm has a 50-day moving average price of $375.42 and a two-hundred day moving average price of $335.62.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. BMO Capital Markets increased their price target on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Morgan Stanley increased their price target on shares of Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. UBS Group increased their price target on shares of Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, December 6th. JPMorgan Chase & Co. increased their price target on shares of Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, Raymond James reaffirmed an “outperform” rating and set a $430.00 price objective (up from $400.00) on shares of Lululemon Athletica in a report on Wednesday, January 15th. 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 MarketBeat, Lululemon Athletica has an average rating of “Moderate Buy” and a consensus target price 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.