Stevens Capital Management LP Has $217,000 Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Stevens Capital Management LP decreased its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 61.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 568 shares of the apparel retailer’s stock after selling 913 shares during the quarter. Stevens Capital Management LP’s holdings in Lululemon Athletica were worth $217,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. TCTC Holdings LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter worth $26,000. Kestra Investment Management LLC acquired a new stake in Lululemon Athletica during the 4th quarter worth about $32,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Lululemon Athletica during the 4th quarter valued at about $32,000. Sound Income Strategies LLC increased its holdings in shares of Lululemon Athletica by 309.5% in the 4th 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. Finally, Asset Planning Inc purchased a new stake in shares of Lululemon Athletica in the fourth quarter worth approximately $33,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insider Buying and Selling

In other news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction 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 transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.48% of the stock is owned by insiders.

Wall Street Analyst Weigh In

LULU has been the subject of several recent research reports. Piper Sandler increased their price objective on Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Barclays raised their price target on Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Needham & Company LLC raised Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price target for the company in a research note on Friday, January 10th. BMO Capital Markets raised their price objective on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Finally, Truist Financial boosted their target price on shares of Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $397.10.

Lululemon Athletica Trading Up 3.8 %

Shares of LULU opened at $334.96 on Tuesday. The stock has a market cap of $40.79 billion, a P/E ratio of 24.18, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. The stock’s 50-day moving average price is $368.64 and its two-hundred day moving average price is $338.07. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $423.32.

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.