570 Shares in Lululemon Athletica Inc. (NASDAQ:LULU) Bought by Mizuho Securities Co. Ltd.

Mizuho Securities Co. Ltd. acquired a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 570 shares of the apparel retailer’s stock, valued at approximately $219,000. Lululemon Athletica makes up about 3.3% of Mizuho Securities Co. Ltd.’s investment portfolio, making the stock its 10th largest holding.

Several other institutional investors have also modified their holdings of LULU. TCTC Holdings LLC acquired a new position in Lululemon Athletica in the 4th quarter valued at $26,000. Kestra Investment Management LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at about $32,000. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Lululemon Athletica in the fourth quarter worth about $32,000. Sound Income Strategies LLC grew its stake in 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 acquiring an additional 65 shares in the last quarter. Finally, Asset Planning Inc acquired a new stake in Lululemon Athletica in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

LULU has been the subject of a number of analyst reports. Jefferies Financial Group restated an “underperform” rating and issued a $220.00 price target on shares of Lululemon Athletica in a research report on Monday, December 2nd. TD Securities raised their target price on Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Oppenheimer boosted their price target on shares of Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Truist Financial raised their price objective on shares of Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, Wells Fargo & Company boosted their target price on shares of Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a report on Wednesday, January 15th. 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’s stock. According to MarketBeat.com, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and an average price target of $397.10.

Insider Activity

In related news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction that occurred 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 in the company, valued at $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.48% of the company’s stock.

Lululemon Athletica Trading Up 0.7 %

NASDAQ:LULU opened at $337.35 on Wednesday. The stock has a fifty day moving average price of $367.61 and a 200 day moving average price of $338.66. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32. The firm has a market cap of $41.08 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21.

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.