Blueshift Asset Management LLC Takes $2.01 Million Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Blueshift Asset Management LLC acquired a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, Holdings Channel.com reports. The firm acquired 5,249 shares of the apparel retailer’s stock, valued at approximately $2,007,000. Lululemon Athletica accounts for 0.7% of Blueshift Asset Management LLC’s investment portfolio, making the stock its 18th biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in LULU. Claro Advisors LLC acquired a new stake in Lululemon Athletica in the third quarter valued at $232,000. Quest Partners LLC grew its stake in Lululemon Athletica by 82.3% in the 3rd quarter. Quest Partners LLC now owns 3,060 shares of the apparel retailer’s stock valued at $830,000 after acquiring an additional 1,381 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Lululemon Athletica during the 3rd quarter valued at about $2,195,000. PNC Financial Services Group Inc. raised its position in Lululemon Athletica by 9.8% during the third quarter. PNC Financial Services Group Inc. now owns 17,692 shares of the apparel retailer’s stock worth $4,801,000 after acquiring an additional 1,579 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Lululemon Athletica by 51.6% in the third quarter. Advisors Asset Management Inc. now owns 1,677 shares of the apparel retailer’s stock valued at $455,000 after purchasing an additional 571 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on LULU. KeyCorp lifted their price objective on Lululemon Athletica from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. upped their price objective on Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. BMO Capital Markets increased their price objective on Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. TD Securities upped their target price on shares of Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Finally, Robert W. Baird raised their price target on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. 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 company’s stock. According to data from MarketBeat, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and a consensus price target of $398.83.

Insider Buying and Selling

In other news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the sale, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.48% of the stock is currently owned by corporate insiders.

Lululemon Athletica Price Performance

Shares of NASDAQ LULU opened at $329.57 on Thursday. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $480.94. The company has a market capitalization of $40.14 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 2.22 and a beta of 1.21. The business has a 50-day moving average of $372.75 and a 200-day moving average of $336.02.

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.