967,710 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Acquired by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. acquired a new position in Lululemon Athletica Inc. (NASDAQ:LULU) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 967,710 shares of the apparel retailer’s stock, valued at approximately $370,062,000. Lululemon Athletica accounts for 1.6% of Diamond Hill Capital Management Inc.’s portfolio, making the stock its 22nd biggest holding. Diamond Hill Capital Management Inc. owned 0.79% of Lululemon Athletica as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Investment Partners Asset Management Inc. acquired a new stake in shares of Lululemon Athletica in the fourth quarter worth $275,000. Rockefeller Capital Management L.P. increased its stake in shares of Lululemon Athletica by 50.5% in the third quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock worth $28,070,000 after acquiring an additional 34,704 shares during the period. Lebenthal Global Advisors LLC increased its stake in shares of Lululemon Athletica by 138.1% in the fourth quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer’s stock worth $1,032,000 after acquiring an additional 1,565 shares during the period. Montag A & Associates Inc. increased its stake in shares of Lululemon Athletica by 495.1% in the fourth quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer’s stock worth $1,627,000 after acquiring an additional 3,540 shares during the period. Finally, Northeast Investment Management acquired a new stake in Lululemon Athletica during the fourth quarter valued at $276,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Price Performance

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

Wall Street Analyst Weigh In

LULU has been the topic of several analyst reports. Guggenheim raised their price target on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research 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 research report on Thursday, January 16th. Evercore ISI raised their price target on shares of Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Truist Financial raised their price target 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. Finally, William Blair restated an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and an average price target of $399.14.

Insiders Place Their Bets

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction dated 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 sale, the insider now directly owns 6,198 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.48% of the stock is owned by insiders.

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.