631 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Purchased by Fortis Capital Management LLC

Fortis Capital Management LLC purchased a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 631 shares of the apparel retailer’s stock, valued at approximately $241,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LULU. TCTC Holdings LLC bought a new position in Lululemon Athletica during the fourth quarter worth 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 lifted its stake 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.

Wall Street Analysts Forecast Growth

LULU has been the subject of a number of analyst reports. UBS Group raised their price target on shares of Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. TD Securities lifted their target price on shares of Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Citigroup cut their target price on shares of Lululemon Athletica from $380.00 to $330.00 and set a “neutral” rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Finally, Piper Sandler lifted their target price 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $397.10.

Lululemon Athletica Stock Down 0.6 %

Shares of LULU stock opened at $322.62 on Friday. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32. The firm has a market capitalization of $39.29 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. The firm has a fifty day moving average of $369.92 and a 200-day moving average of $336.93.

Insider Activity

In other news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.48% of the stock is owned by company insiders.

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.