HighTower Advisors LLC Has $17.08 Million Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

HighTower Advisors LLC trimmed its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 8.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,669 shares of the apparel retailer’s stock after selling 4,239 shares during the period. HighTower Advisors LLC’s holdings in Lululemon Athletica were worth $17,082,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in LULU. Kestra Investment Management LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at approximately $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at approximately $32,000. Sound Income Strategies LLC lifted its position in shares of Lululemon Athletica by 309.5% in 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 last quarter. Asset Planning Inc acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at approximately $33,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at approximately $36,000. 85.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on LULU shares. 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 report on Friday, January 10th. Telsey Advisory Group lifted their price target on Lululemon Athletica from $430.00 to $445.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. lifted their price target on Lululemon Athletica from $428.00 to $437.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Truist Financial lifted their price target on Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, Sanford C. Bernstein raised Lululemon Athletica from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $360.00 to $460.00 in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $399.14.

Insider Buying and Selling

In related news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the sale, 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.48% of the stock is currently owned by corporate insiders.

Lululemon Athletica Stock Up 0.4 %

Shares of LULU stock opened at $311.03 on Friday. The firm has a market capitalization of $37.88 billion, a P/E ratio of 22.46, a P/E/G ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $480.94. The stock’s fifty day simple moving average is $376.79 and its 200 day simple moving average is $334.60.

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.