1ST Source Bank Has $505,000 Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

1ST Source Bank lessened its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,320 shares of the apparel retailer’s stock after selling 32 shares during the quarter. 1ST Source Bank’s holdings in Lululemon Athletica were worth $505,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LULU. TCTC Holdings LLC acquired a new stake in Lululemon Athletica in the 4th quarter valued at about $26,000. Kestra Investment Management LLC acquired a new stake in Lululemon Athletica in the 4th quarter valued at about $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Lululemon Athletica in the 4th quarter valued at about $32,000. Sound Income Strategies LLC increased its position in 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 acquiring an additional 65 shares in the last quarter. Finally, Asset Planning Inc acquired a new stake in Lululemon Athletica in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Trading Up 5.2 %

Shares of LULU opened at $327.09 on Tuesday. The company has a market cap of $39.83 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $480.94. The company’s fifty day simple moving average is $375.42 and its 200 day simple moving average is $335.62.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on LULU shares. Telsey Advisory Group raised their price objective on shares of Lululemon Athletica from $430.00 to $445.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. Raymond James reaffirmed an “outperform” rating and issued a $430.00 target price (up previously from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. Truist Financial raised their target price on shares of Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Piper Sandler raised their target price on shares of Lululemon Athletica from $260.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $438.00 target price (up previously from $370.00) on shares of Lululemon Athletica in a research note 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.