Johnson Investment Counsel Inc. Invests $250,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

Johnson Investment Counsel Inc. purchased a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 655 shares of the apparel retailer’s stock, valued at approximately $250,000.

Other institutional investors have also added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new stake in shares of Lululemon Athletica in the fourth quarter valued at $32,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Lululemon Athletica in the fourth quarter worth about $32,000. Sound Income Strategies LLC boosted its position in shares of 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 buying an additional 65 shares during the period. Asset Planning Inc purchased a new stake in shares of Lululemon Athletica in the fourth quarter worth approximately $33,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft increased their target price on Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Sanford C. Bernstein raised shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $360.00 to $460.00 in a research report on Tuesday, January 7th. Barclays boosted their price target on Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. BMO Capital Markets raised their price objective on Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Finally, Raymond James reiterated an “outperform” rating and issued a $430.00 target price (up from $400.00) on shares of Lululemon Athletica in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $399.14.

Insider Buying and Selling

In other news, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.48% of the stock is currently owned by company insiders.

Lululemon Athletica Trading Down 2.2 %

Shares of Lululemon Athletica stock opened at $309.68 on Friday. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $480.94. The firm’s 50 day simple moving average is $378.13 and its two-hundred day simple moving average is $333.89. The firm has a market capitalization of $37.71 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 2.22 and a beta of 1.21.

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.