Fortis Capital Management LLC Purchases Shares of 631 Lululemon Athletica Inc. (NASDAQ:LULU)

Fortis Capital Management LLC purchased a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 631 shares of the apparel retailer’s stock, valued at approximately $241,000.

Other institutional investors also recently modified their holdings of the company. TCTC Holdings LLC acquired a new stake in Lululemon Athletica during the 4th quarter valued at $26,000. Kestra Investment Management LLC acquired a new stake in Lululemon Athletica during the 4th quarter valued at $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Lululemon Athletica during the 4th quarter valued at $32,000. Asset Planning Inc acquired a new stake in Lululemon Athletica during the 4th quarter valued at $33,000. Finally, Sound Income Strategies LLC raised its stake in Lululemon Athletica by 309.5% during the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 65 shares during the period. Institutional investors own 85.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on LULU. Telsey Advisory Group reissued an “outperform” rating and set a $445.00 target price on shares of Lululemon Athletica in a research note on Thursday. Deutsche Bank Aktiengesellschaft boosted their target price 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. Citigroup cut their target price on shares of Lululemon Athletica from $380.00 to $330.00 and set a “neutral” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. upped their price target on shares of Lululemon Athletica from $428.00 to $437.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Guggenheim upped their price target on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, the stock currently 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 firm’s stock in a transaction dated Thursday, December 26th. The stock was 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. This trade represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.48% of the stock is currently owned by company insiders.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU opened at $322.62 on Friday. The company has a market cap of $39.29 billion, a P/E ratio of 23.29, a P/E/G ratio of 2.22 and a beta of 1.21. The stock’s 50-day moving average is $369.92 and its 200-day moving average is $336.93. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $423.32.

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.