Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC reduced its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 17.1% during the 4th quarter, HoldingsChannel reports. The firm owned 1,063 shares of the apparel retailer’s stock after selling 220 shares during the quarter. TD Private Client Wealth LLC’s holdings in Lululemon Athletica were worth $407,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. TCTC Holdings LLC acquired a new stake in Lululemon Athletica during the fourth quarter worth about $26,000. Kestra Investment Management LLC purchased a new stake in shares of Lululemon Athletica in the 4th quarter valued at approximately $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $32,000. Sound Income Strategies LLC raised its position in shares of Lululemon Athletica by 309.5% during the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 65 shares during the period. Finally, Asset Planning Inc acquired a new position in Lululemon Athletica in the fourth quarter valued at approximately $33,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Lululemon Athletica Price Performance

Shares of NASDAQ LULU opened at $334.96 on Tuesday. The business has a 50-day moving average of $368.64 and a two-hundred day moving average of $338.07. The company has a market capitalization of $40.79 billion, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $423.32.

Analysts Set New Price Targets

A number of equities research analysts have commented on LULU shares. Truist Financial lifted their target price on Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Guggenheim upped their target price on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Wells Fargo & Company lifted their price target on shares of Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 15th. Needham & Company LLC upgraded shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price objective on the stock in a report on Friday, January 10th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $445.00 price objective on shares of Lululemon Athletica in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, Lululemon Athletica presently has an average rating of “Moderate Buy” and an average price target of $397.10.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the firm’s 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 sale, the insider now 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.48% of the company’s stock.

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.