Aspen Wealth Strategies LLC Has $553,000 Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Aspen Wealth Strategies LLC cut its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 5.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,445 shares of the apparel retailer’s stock after selling 76 shares during the quarter. Aspen Wealth Strategies LLC’s holdings in Lululemon Athletica were worth $553,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in LULU. Diamond Hill Capital Management Inc. acquired a new position in shares of Lululemon Athletica in the 4th quarter worth approximately $370,062,000. Maverick Capital Ltd. acquired a new position in shares of Lululemon Athletica in the 3rd quarter worth approximately $93,476,000. The Manufacturers Life Insurance Company lifted its position in shares of Lululemon Athletica by 136.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock worth $143,624,000 after purchasing an additional 305,302 shares during the period. Southpoint Capital Advisors LP acquired a new position in shares of Lululemon Athletica in the 3rd quarter worth approximately $81,405,000. Finally, Los Angeles Capital Management LLC lifted its position in shares of Lululemon Athletica by 248.5% in the 4th quarter. Los Angeles Capital Management LLC now owns 323,031 shares of the apparel retailer’s stock worth $123,530,000 after purchasing an additional 230,349 shares during the period. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on LULU shares. Guggenheim boosted their price target on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Robert W. Baird boosted their price target on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Piper Sandler boosted their target price on shares of Lululemon Athletica from $260.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Morgan Stanley boosted their target price on shares of Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. Finally, Sanford C. Bernstein upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $360.00 to $460.00 in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, Lululemon Athletica has an average rating of “Moderate Buy” and a consensus price target of $399.14.

Insider Transactions at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of the 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 transaction, the insider now owns 6,198 shares in the company, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.48% of the company’s stock.

Lululemon Athletica Price Performance

NASDAQ LULU opened at $327.09 on Tuesday. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $480.94. The firm 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. The company has a fifty day moving average price of $375.42 and a 200-day moving average price of $335.62.

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.