Lululemon Athletica Inc. (NASDAQ:LULU) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 2.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,138 shares of the apparel retailer’s stock after acquiring an additional 446 shares during the period. PNC Financial Services Group Inc.’s holdings in Lululemon Athletica were worth $6,936,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Investment Partners Asset Management Inc. acquired a new stake in shares of Lululemon Athletica during the 4th quarter valued at about $275,000. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of Lululemon Athletica by 198.8% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 6,860 shares of the apparel retailer’s stock valued at $1,844,000 after acquiring an additional 4,564 shares during the period. Rockefeller Capital Management L.P. grew its position in shares of Lululemon Athletica by 50.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock valued at $28,070,000 after acquiring an additional 34,704 shares during the period. Lebenthal Global Advisors LLC boosted its holdings in Lululemon Athletica by 138.1% in the 4th quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer’s stock worth $1,032,000 after buying an additional 1,565 shares during the last quarter. Finally, Montag A & Associates Inc. boosted its holdings in Lululemon Athletica by 495.1% in the 4th quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer’s stock worth $1,627,000 after buying an additional 3,540 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on LULU. Deutsche Bank Aktiengesellschaft lifted their price objective on Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a report on Monday, December 9th. TD Securities lifted their price objective on Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. BMO Capital Markets lifted their price objective on Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Telsey Advisory Group boosted their target price on Lululemon Athletica from $430.00 to $445.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Finally, Oppenheimer lifted 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. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and a consensus target price of $399.14.

Insider Activity

In related news, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction dated 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 transaction, 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 SEC, which is available at this link. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU opened at $316.49 on Thursday. The company has a 50-day simple moving average of $379.38 and a 200-day simple moving average of $334.06. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $480.94. The stock has a market capitalization of $38.54 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 2.22 and a beta of 1.21.

About Lululemon Athletica

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.