Aspen Wealth Strategies LLC Sells 76 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Aspen Wealth Strategies LLC lessened its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,445 shares of the apparel retailer’s stock after selling 76 shares during the period. Aspen Wealth Strategies LLC’s holdings in Lululemon Athletica were worth $553,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Beacon Capital Management LLC lifted its stake in shares of Lululemon Athletica by 6.9% during the 4th quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer’s stock worth $142,000 after buying an additional 24 shares during the last quarter. Edgestream Partners L.P. lifted its stake in shares of Lululemon Athletica by 0.7% during the 4th quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer’s stock worth $1,353,000 after buying an additional 25 shares during the last quarter. SeaCrest Wealth Management LLC lifted its stake in shares of Lululemon Athletica by 2.6% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock worth $389,000 after buying an additional 26 shares during the last quarter. Capital Advisors Ltd. LLC lifted its stake in shares of Lululemon Athletica by 9.4% during the 4th quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer’s stock worth $124,000 after buying an additional 28 shares during the last quarter. Finally, LGT Fund Management Co Ltd. lifted its stake in shares of Lululemon Athletica by 3.3% during the 4th quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer’s stock worth $356,000 after buying an additional 30 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Trading Up 5.2 %

Shares of Lululemon Athletica stock opened at $327.09 on Tuesday. The firm has a market capitalization of $39.83 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. The firm’s 50 day moving average is $375.42 and its 200 day moving average is $335.62. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $480.94.

Insider Activity at Lululemon Athletica

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 transaction of $782,736.42. Following the sale, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $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 insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on LULU shares. Truist Financial raised their target price on shares of Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Needham & Company LLC upgraded shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 target price for the company in a research note on Friday, January 10th. Stifel Nicolaus reaffirmed 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. Oppenheimer raised their price target on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. One equities research 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $399.14.

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.