Avantax Advisory Services Inc. Has $1.51 Million Stock Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Avantax Advisory Services Inc. grew its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,947 shares of the apparel retailer’s stock after buying an additional 86 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Lululemon Athletica were worth $1,509,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in LULU. Maverick Capital Ltd. acquired a new position in shares of Lululemon Athletica in the third quarter worth about $93,476,000. The Manufacturers Life Insurance Company lifted its position in shares of Lululemon Athletica by 136.3% in the third quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock worth $143,624,000 after purchasing an additional 305,302 shares in the last quarter. Southpoint Capital Advisors LP purchased a new stake in shares of Lululemon Athletica in the third quarter worth approximately $81,405,000. Los Angeles Capital Management LLC lifted its position in shares of Lululemon Athletica by 248.5% in the fourth quarter. Los Angeles Capital Management LLC now owns 323,031 shares of the apparel retailer’s stock worth $123,530,000 after purchasing an additional 230,349 shares in the last quarter. Finally, Swedbank AB lifted its position in shares of Lululemon Athletica by 151.0% in the third quarter. Swedbank AB now owns 367,584 shares of the apparel retailer’s stock worth $99,744,000 after purchasing an additional 221,112 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on LULU. Robert W. Baird increased their price target on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Piper Sandler increased their price target on shares of Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Truist Financial increased their price target 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. KeyCorp raised their price objective on shares of Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, Raymond James reaffirmed an “outperform” rating and set a $430.00 price objective (up previously from $400.00) on shares of Lululemon Athletica in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and an average price target of $399.14.

Lululemon Athletica Trading Down 1.2 %

Shares of Lululemon Athletica stock opened at $323.07 on Wednesday. The company’s fifty day simple moving average is $374.01 and its 200-day simple moving average is $336.06. The company has a market cap of $39.34 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $480.94.

Insider Transactions at Lululemon Athletica

In other news, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction 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 sale, the insider now 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 is accessible through this hyperlink. 0.48% of the stock is currently owned by corporate insiders.

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.