Lululemon Athletica Inc. (NASDAQ:LULU) Stake Decreased by Rakuten Securities Inc.

Rakuten Securities Inc. lessened its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 37.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,255 shares of the apparel retailer’s stock after selling 767 shares during the quarter. Rakuten Securities Inc.’s holdings in Lululemon Athletica were worth $480,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LULU. Kestra Investment Management LLC acquired a new stake in Lululemon Athletica in the fourth quarter worth approximately $32,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Lululemon Athletica in the fourth quarter valued at $32,000. Sound Income Strategies LLC increased its holdings in shares of Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 65 shares in the last quarter. Asset Planning Inc acquired a new stake in Lululemon Athletica during the 4th quarter valued at $33,000. Finally, Golden State Wealth Management LLC acquired a new stake in Lululemon Athletica during the 4th quarter valued at $36,000. Institutional investors own 85.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on LULU shares. JPMorgan Chase & Co. boosted their target price on shares of Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Sanford C. Bernstein raised shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $360.00 to $460.00 in a research note on Tuesday, January 7th. Citigroup boosted their target price on shares of Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Raymond James reaffirmed an “outperform” rating and issued a $430.00 price target (up from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. Finally, Guggenheim upped their price target on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $399.14.

Insider Buying and Selling at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of the company’s 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 completion of the transaction, the insider now directly 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Down 4.3 %

Shares of NASDAQ LULU opened at $319.42 on Wednesday. The company’s fifty day moving average is $380.70 and its 200-day moving average is $334.18. The stock has a market cap of $38.90 billion, a price-to-earnings ratio of 23.06, a P/E/G ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $480.94.

Lululemon Athletica 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.