TCTC Holdings LLC Makes New $26,000 Investment in Lululemon Athletica Inc. (NASDAQ:LULU)

TCTC Holdings LLC bought a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 69 shares of the apparel retailer’s stock, valued at approximately $26,000.

Other institutional investors have also modified their holdings of the company. Kestra Investment Management LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $32,000. Sound Income Strategies LLC raised its stake in shares of 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 purchasing an additional 65 shares in the last quarter. Asset Planning Inc acquired a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $33,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Activity at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of the 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 completion of the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LULU. Stifel Nicolaus restated 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. Citigroup boosted their price objective on shares of Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Morgan Stanley boosted their price objective 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. Telsey Advisory Group boosted 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. Finally, Needham & Company LLC raised shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price objective for the company in a research report on Friday, January 10th. One 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $399.14.

Lululemon Athletica Price Performance

LULU stock opened at $327.09 on Tuesday. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $480.94. The firm has a market cap of $39.83 billion, a PE ratio of 23.62, a P/E/G ratio of 2.22 and a beta of 1.21. The firm has a 50 day simple moving average of $375.42 and a 200 day simple moving average of $335.62.

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.