Lululemon Athletica Inc. (NASDAQ:LULU) Shares Purchased by Parallel Advisors LLC

Parallel Advisors LLC increased its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 11.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,659 shares of the apparel retailer’s stock after acquiring an additional 880 shares during the quarter. Parallel Advisors LLC’s holdings in Lululemon Athletica were worth $3,311,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LULU. Victory Capital Management Inc. raised its stake in Lululemon Athletica by 11.3% during the third quarter. Victory Capital Management Inc. now owns 103,577 shares of the apparel retailer’s stock worth $28,106,000 after acquiring an additional 10,499 shares during the period. OneDigital Investment Advisors LLC grew its position 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 worth $1,703,000 after purchasing an additional 4,024 shares during the last quarter. Claro Advisors LLC bought a new position in Lululemon Athletica in the 3rd quarter worth about $232,000. Quest Partners LLC grew its position in Lululemon Athletica by 82.3% in the 3rd quarter. Quest Partners LLC now owns 3,060 shares of the apparel retailer’s stock worth $830,000 after purchasing an additional 1,381 shares during the last quarter. Finally, WP Advisors LLC bought a new position in Lululemon Athletica in the 3rd quarter worth about $207,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on LULU shares. Wells Fargo & Company upped their target price on shares of Lululemon Athletica from $350.00 to $375.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 15th. TD Securities upped their target price on shares of Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Evercore ISI upped their target price on shares of Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Needham & Company LLC upgraded shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 target price for the company in a research report on Friday, January 10th. Finally, Jefferies Financial Group reiterated an “underperform” rating and issued a $220.00 price objective on shares of Lululemon Athletica in a report on Monday, December 2nd. 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’s stock. According to data from MarketBeat.com, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and an average price target of $399.14.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. This represents a 24.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.48% of the stock is owned by insiders.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU opened at $327.09 on Tuesday. The company has a market cap of $39.83 billion, a PE ratio of 23.62, a price-to-earnings-growth 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 firm has a 50 day simple moving average of $375.42 and a 200 day simple moving average of $335.62.

Lululemon Athletica Company 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.