Lululemon Athletica Inc. (NASDAQ:LULU) Short Interest Up 19.2% in February

Lululemon Athletica Inc. (NASDAQ:LULU) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 6,760,000 shares, an increase of 19.2% from the February 13th total of 5,670,000 shares. Based on an average daily trading volume, of 1,840,000 shares, the short-interest ratio is currently 3.7 days. Approximately 6.4% of the shares of the stock are short sold.

Lululemon Athletica Trading Down 1.2 %

LULU stock traded down $4.02 during trading on Tuesday, hitting $323.07. 1,122,404 shares of the stock traded hands, compared to its average volume of 2,164,704. The stock has a market cap of $39.34 billion, a price-to-earnings ratio of 23.33, a P/E/G ratio of 2.22 and a beta of 1.21. The company has a 50 day simple moving average of $374.01 and a 200 day simple moving average of $336.06. Lululemon Athletica has a one year low of $226.01 and a one year high of $480.94.

Insider Buying and Selling at Lululemon Athletica

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 value of $782,736.42. Following the transaction, the insider now owns 6,198 shares of the company’s stock, 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 SEC, which is accessible through this link. 0.48% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lululemon Athletica

Institutional investors have recently modified their holdings of the stock. TCTC Holdings LLC acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $26,000. Anderson Financial Strategies LLC bought a new position in Lululemon Athletica during the fourth quarter worth about $30,000. Kestra Investment Management LLC bought a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter valued at approximately $32,000. Finally, Sound Income Strategies LLC grew its holdings in Lululemon Athletica by 309.5% during the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 65 shares during the period. 85.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

LULU has been the topic of several research reports. TD Cowen upped their price target on Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. Truist Financial boosted their price objective on shares of Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a research report on Friday, January 10th. William Blair reiterated an “outperform” rating on shares of Lululemon Athletica in a report on Friday, December 6th. Barclays raised their price target on shares of Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Finally, Wells Fargo & Company upped their price objective on shares of Lululemon Athletica from $350.00 to $375.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, Lululemon Athletica currently has an average rating of “Moderate Buy” and an average price target of $399.14.

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.