1ST Source Bank Has $505,000 Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

1ST Source Bank lessened its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,320 shares of the apparel retailer’s stock after selling 32 shares during the quarter. 1ST Source Bank’s holdings in Lululemon Athletica were worth $505,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Beacon Capital Management LLC grew its position in Lululemon Athletica by 6.9% in the fourth quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer’s stock worth $142,000 after acquiring an additional 24 shares in the last quarter. Edgestream Partners L.P. grew its position in Lululemon Athletica by 0.7% in the fourth quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer’s stock worth $1,353,000 after acquiring an additional 25 shares in the last quarter. SeaCrest Wealth Management LLC grew its position in Lululemon Athletica by 2.6% in the fourth quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock worth $389,000 after acquiring an additional 26 shares in the last quarter. Capital Advisors Ltd. LLC grew its position in Lululemon Athletica by 9.4% in the fourth quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer’s stock worth $124,000 after acquiring an additional 28 shares in the last quarter. Finally, LGT Fund Management Co Ltd. grew its position in Lululemon Athletica by 3.3% in the fourth quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer’s stock worth $356,000 after acquiring an additional 30 shares in the last quarter. 85.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on LULU. Guggenheim boosted their target price on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Jefferies Financial Group reaffirmed an “underperform” rating and set a $220.00 price objective on shares of Lululemon Athletica in a report on Monday, December 2nd. Sanford C. Bernstein raised shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $360.00 to $460.00 in a report on Tuesday, January 7th. Barclays upped their price objective on shares of Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Finally, Oppenheimer upped their price objective on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $399.14.

Lululemon Athletica Stock Performance

Shares of LULU stock opened at $327.09 on Tuesday. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $480.94. The stock has a market cap of $39.83 billion, a price-to-earnings ratio of 23.62, a P/E/G ratio of 2.22 and a beta of 1.21. The firm has a fifty day moving average of $375.42 and a 200-day moving average of $335.62.

Insider Buying and Selling

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 sale, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.48% of the stock is currently owned by corporate insiders.

Lululemon Athletica 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.