Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC cut its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 17.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,063 shares of the apparel retailer’s stock after selling 220 shares during the period. TD Private Client Wealth LLC’s holdings in Lululemon Athletica were worth $407,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LULU. TCTC Holdings LLC acquired a new position in Lululemon Athletica during the 4th quarter valued at about $26,000. Kestra Investment Management LLC acquired a new position in shares of Lululemon Athletica during the fourth quarter valued at about $32,000. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Lululemon Athletica in the 4th quarter valued at approximately $32,000. Sound Income Strategies LLC boosted its stake in Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 65 shares in the last quarter. Finally, Asset Planning Inc purchased a new stake in Lululemon Athletica during the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insiders Place Their Bets

In other news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction that occurred on 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 $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.48% of the stock is owned by company insiders.

Lululemon Athletica Stock Up 3.8 %

LULU stock opened at $334.96 on Tuesday. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The firm has a 50-day simple moving average of $368.64 and a 200-day simple moving average of $338.07. The stock has a market capitalization of $40.79 billion, a P/E ratio of 24.18, a P/E/G ratio of 2.22 and a beta of 1.21.

Analyst Ratings Changes

Several research firms have recently commented on LULU. Morgan Stanley lowered their price objective on shares of Lululemon Athletica from $420.00 to $411.00 and set an “overweight” rating for the company in a research note on Wednesday, March 19th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $445.00 price target on shares of Lululemon Athletica in a research report on Thursday, March 20th. UBS Group increased their price objective on Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Evercore ISI lifted their target price on Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Finally, Citigroup cut their price target on shares of Lululemon Athletica from $380.00 to $330.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and a consensus price target of $397.10.

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.