EFG Asset Management North America Corp. Has $2.77 Million Position in Lululemon Athletica Inc. (NASDAQ:LULU)

EFG Asset Management North America Corp. raised its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 90.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,228 shares of the apparel retailer’s stock after acquiring an additional 3,442 shares during the period. EFG Asset Management North America Corp.’s holdings in Lululemon Athletica were worth $2,765,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. TCTC Holdings LLC bought a new stake in Lululemon Athletica during the fourth quarter worth about $26,000. Kestra Investment Management LLC acquired a new position in shares of Lululemon Athletica in the 4th quarter valued at approximately $32,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $32,000. Sound Income Strategies LLC boosted 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 worth $33,000 after acquiring an additional 65 shares in the last quarter. Finally, Asset Planning Inc bought a new position in Lululemon Athletica in the fourth quarter valued at approximately $33,000. 85.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction on Thursday, December 26th. The stock was 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 in the company, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.48% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LULU. Piper Sandler raised their target price on Lululemon Athletica from $260.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Sanford C. Bernstein raised Lululemon Athletica from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $360.00 to $460.00 in a research note on Tuesday, January 7th. William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a report on Friday, December 6th. Robert W. Baird raised their price target on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a $220.00 price objective on shares of Lululemon Athletica in a research note on Monday, December 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $397.10.

Lululemon Athletica Price Performance

LULU opened at $337.35 on Wednesday. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $423.32. The company has a market capitalization of $41.08 billion, a price-to-earnings ratio of 24.36, a P/E/G ratio of 2.22 and a beta of 1.21. The firm’s fifty day moving average price is $367.61 and its two-hundred day moving average price is $338.66.

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.