Tredje AP fonden Purchases 60,761 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Tredje AP fonden increased its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 61.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 159,300 shares of the apparel retailer’s stock after purchasing an additional 60,761 shares during the quarter. Tredje AP fonden’s holdings in Lululemon Athletica were worth $60,918,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LULU. Maverick Capital Ltd. purchased a new stake in Lululemon Athletica in the third quarter worth approximately $93,476,000. The Manufacturers Life Insurance Company boosted its holdings in Lululemon Athletica by 136.3% in the third quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock worth $143,624,000 after purchasing an additional 305,302 shares during the last quarter. Southpoint Capital Advisors LP purchased a new stake in Lululemon Athletica in the third quarter worth approximately $81,405,000. Los Angeles Capital Management LLC boosted its holdings in Lululemon Athletica by 248.5% in the fourth quarter. Los Angeles Capital Management LLC now owns 323,031 shares of the apparel retailer’s stock worth $123,530,000 after purchasing an additional 230,349 shares during the last quarter. Finally, Swedbank AB boosted its holdings in Lululemon Athletica by 151.0% in the third quarter. Swedbank AB now owns 367,584 shares of the apparel retailer’s stock worth $99,744,000 after purchasing an additional 221,112 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on LULU shares. Raymond James restated an “outperform” rating and issued a $430.00 target price (up previously from $400.00) on shares of Lululemon Athletica in a report on Wednesday, January 15th. Morgan Stanley lifted their price target on shares of Lululemon Athletica from $414.00 to $420.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. UBS Group lifted their price target on shares of Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Finally, Barclays lifted their price target on shares of Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $399.14.

Insiders Place Their Bets

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction 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 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Down 0.9 %

Shares of LULU stock opened at $316.49 on Thursday. The stock has a market cap of $38.54 billion, a P/E ratio of 22.85, a PEG ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $480.94. The company’s fifty day simple moving average is $379.38 and its two-hundred day simple moving average is $334.06.

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.