Harvest Fund Management Co. Ltd Has $5.89 Million Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Harvest Fund Management Co. Ltd increased its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 182.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 15,512 shares of the apparel retailer’s stock after purchasing an additional 10,022 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Lululemon Athletica were worth $5,891,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Beacon Capital Management LLC lifted its holdings in shares of Lululemon Athletica by 6.9% during the fourth quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer’s stock worth $142,000 after buying an additional 24 shares during the last quarter. Edgestream Partners L.P. lifted its holdings in shares of Lululemon Athletica by 0.7% during the fourth quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer’s stock worth $1,353,000 after buying an additional 25 shares during the last quarter. SeaCrest Wealth Management LLC lifted its holdings in shares of Lululemon Athletica by 2.6% during the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock worth $389,000 after buying an additional 26 shares during the last quarter. Capital Advisors Ltd. LLC lifted its holdings in shares of Lululemon Athletica by 9.4% during the fourth quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer’s stock worth $124,000 after buying an additional 28 shares during the last quarter. Finally, LGT Fund Management Co Ltd. lifted its holdings in shares of Lululemon Athletica by 3.3% during the fourth quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer’s stock worth $356,000 after buying an additional 30 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lululemon Athletica

In other news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.48% of the company’s stock.

Lululemon Athletica Trading Down 1.2 %

NASDAQ:LULU opened at $323.07 on Wednesday. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $480.94. The business’s 50-day moving average price is $374.01 and its two-hundred day moving average price is $336.06. The firm has a market capitalization of $39.34 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 2.22 and a beta of 1.21.

Analysts Set New Price Targets

LULU has been the subject of a number of research analyst reports. TD Securities upped their price target on Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. JPMorgan Chase & Co. boosted 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. Sanford C. Bernstein upgraded Lululemon Athletica from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $360.00 to $460.00 in a research report on Tuesday, January 7th. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Finally, TD Cowen boosted their price objective on Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $399.14.

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.