EFG Asset Management North America Corp. Grows Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

EFG Asset Management North America Corp. grew its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 90.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,228 shares of the apparel retailer’s stock after acquiring an additional 3,442 shares during the period. EFG Asset Management North America Corp.’s holdings in Lululemon Athletica were worth $2,765,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of LULU. Geode Capital Management LLC increased its position in Lululemon Athletica by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock worth $669,036,000 after buying an additional 44,294 shares during the last quarter. Diamond Hill Capital Management Inc. bought a new position in shares of Lululemon Athletica during the 4th quarter worth $370,062,000. Charles Schwab Investment Management Inc. increased its holdings in Lululemon Athletica by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 719,413 shares of the apparel retailer’s stock worth $275,111,000 after acquiring an additional 17,119 shares during the last quarter. Amundi raised its stake in Lululemon Athletica by 2.9% in the 4th quarter. Amundi now owns 666,691 shares of the apparel retailer’s stock valued at $261,956,000 after acquiring an additional 18,861 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in Lululemon Athletica by 60.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 546,162 shares of the apparel retailer’s stock valued at $148,201,000 after purchasing an additional 205,757 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Trading Up 0.7 %

LULU opened at $337.35 on Wednesday. The stock has a market capitalization of $41.08 billion, a P/E ratio of 24.36, a PEG ratio of 2.22 and a beta of 1.21. The stock has a 50-day moving average price of $367.61 and a 200-day moving average price of $338.66. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32.

Insider Buying and Selling

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction that occurred 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 transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.48% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

LULU has been the topic of a number of recent research reports. Piper Sandler upped their price target 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. 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 report on Monday, December 9th. JPMorgan Chase & Co. lifted their price target on Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. TD Cowen boosted their price objective on Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Finally, Needham & Company LLC upgraded Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 target price for the company in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $397.10.

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.