Trillium Asset Management LLC Buys 6,050 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Trillium Asset Management LLC boosted its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 118,341 shares of the apparel retailer’s stock after buying an additional 6,050 shares during the quarter. Lululemon Athletica makes up approximately 1.2% of Trillium Asset Management LLC’s portfolio, making the stock its 15th largest holding. Trillium Asset Management LLC’s holdings in Lululemon Athletica were worth $45,255,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. TCTC Holdings LLC bought a new position in Lululemon Athletica during the fourth quarter valued at about $26,000. Kestra Investment Management LLC bought a new position in Lululemon Athletica during the fourth quarter worth about $32,000. Bradley & Co. Private Wealth Management LLC bought a new position in Lululemon Athletica during the fourth quarter worth about $32,000. Sound Income Strategies LLC boosted its position in Lululemon Athletica by 309.5% during the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 65 shares during the period. Finally, Asset Planning Inc bought a new position in Lululemon Athletica during the fourth quarter worth about $33,000. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Performance

LULU stock opened at $323.07 on Wednesday. The company has a market capitalization of $39.34 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $480.94. The company’s 50 day moving average price is $374.01 and its two-hundred day moving average price is $336.06.

Insider Buying and Selling

In related news, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.48% of the stock is owned by corporate insiders.

Analyst Ratings Changes

LULU has been the subject of a number of research reports. Citigroup increased their target price on shares of Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Barclays increased their target price on shares of Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. TD Securities increased their target price on shares of Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Finally, JPMorgan Chase & Co. increased their price target on shares of Lululemon Athletica from $428.00 to $437.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $399.14.

Lululemon Athletica Company 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.