Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by NFJ Investment Group LLC

NFJ Investment Group LLC increased its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 5.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,391 shares of the apparel retailer’s stock after buying an additional 1,785 shares during the quarter. NFJ Investment Group LLC’s holdings in Lululemon Athletica were worth $9,875,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Larson Financial Group LLC boosted its position in shares of Lululemon Athletica by 78.2% during the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock valued at $29,000 after acquiring an additional 43 shares during the last quarter. Paladin Wealth LLC purchased a new stake in shares of Lululemon Athletica in the 3rd quarter valued at approximately $29,000. Versant Capital Management Inc grew its stake in shares of Lululemon Athletica by 61.5% in the 2nd quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 40 shares during the period. JFS Wealth Advisors LLC increased its holdings in shares of Lululemon Athletica by 127.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer’s stock worth $31,000 after buying an additional 65 shares during the last quarter. Finally, Ridgewood Investments LLC purchased a new stake in shares of Lululemon Athletica during the 2nd quarter valued at approximately $33,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Buying and Selling

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total transaction of $131,020.74. Following the transaction, the insider now owns 6,198 shares of the company’s stock, valued at $1,670,918.82. The trade was a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.48% of the stock is owned by company insiders.

Lululemon Athletica Stock Down 0.6 %

LULU traded down $2.12 on Tuesday, reaching $332.28. The company’s stock had a trading volume of 376,412 shares, compared to its average volume of 2,068,997. The company has a market capitalization of $40.80 billion, a price-to-earnings ratio of 25.84, a P/E/G ratio of 2.33 and a beta of 1.23. Lululemon Athletica Inc. has a fifty-two week low of $226.01 and a fifty-two week high of $516.39. The stock has a 50 day moving average of $297.19 and a two-hundred day moving average of $287.01.

Analysts Set New Price Targets

Several research firms have issued reports on LULU. Raymond James cut their target price on Lululemon Athletica from $350.00 to $325.00 and set an “outperform” rating for the company in a research note on Monday, September 2nd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Lululemon Athletica from $291.00 to $292.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Evercore ISI increased their target price on shares of Lululemon Athletica from $300.00 to $355.00 and gave the stock an “outperform” rating in a research note on Monday. TD Securities boosted their price target on shares of Lululemon Athletica from $375.00 to $382.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Truist Financial increased their price objective on shares of Lululemon Athletica from $310.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and a consensus price target of $357.81.

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.