Vinva Investment Management Ltd Decreases Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Vinva Investment Management Ltd reduced its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 10.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,019 shares of the apparel retailer’s stock after selling 228 shares during the quarter. Vinva Investment Management Ltd’s holdings in Lululemon Athletica were worth $775,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Geode Capital Management LLC raised its position in shares of Lululemon Athletica by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,474,828 shares of the apparel retailer’s stock valued at $669,036,000 after purchasing an additional 44,294 shares during the last quarter. Diamond Hill Capital Management Inc. purchased a new position in Lululemon Athletica during the 4th quarter worth approximately $370,062,000. Charles Schwab Investment Management Inc. raised its position in Lululemon Athletica by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 719,413 shares of the apparel retailer’s stock worth $275,111,000 after buying an additional 17,119 shares during the last quarter. Amundi raised its position in Lululemon Athletica by 2.9% during the 4th quarter. Amundi now owns 666,691 shares of the apparel retailer’s stock worth $261,956,000 after buying an additional 18,861 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. raised its position in Lululemon Athletica by 43.5% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 611,814 shares of the apparel retailer’s stock worth $166,016,000 after buying an additional 185,440 shares during the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Lululemon Athletica Stock Down 1.6 %

Shares of LULU opened at $324.45 on Friday. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $480.94. The firm’s fifty day moving average is $371.38 and its two-hundred day moving average is $335.94. The stock has a market cap of $39.51 billion, a PE ratio of 23.43, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Morgan Stanley reduced their price target on shares of Lululemon Athletica from $420.00 to $411.00 and set an “overweight” rating for the company in a research report on Wednesday. Jefferies Financial Group reissued an “underperform” rating and set a $220.00 price target on shares of Lululemon Athletica in a research report on Monday, December 2nd. Stifel Nicolaus reissued a “buy” rating and set a $438.00 price target (up from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. TD Cowen raised their price target on shares of Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. Finally, Needham & Company LLC raised shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price objective on the stock in a research note on Friday, January 10th. One investment 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. Based on data from MarketBeat.com, Lululemon Athletica has an average rating of “Moderate Buy” and a consensus 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.