Next Capital Management LLC Takes Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Next Capital Management LLC purchased a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 717 shares of the apparel retailer’s stock, valued at approximately $274,000.

A number of other large investors have also bought and sold shares of the stock. Investment Partners Asset Management Inc. purchased a new position in shares of Lululemon Athletica in the fourth quarter worth $275,000. Rockefeller Capital Management L.P. increased its position in shares of Lululemon Athletica by 50.5% in the third 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 increased its position in shares of Lululemon Athletica by 138.1% in the fourth quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer’s stock valued at $1,032,000 after acquiring an additional 1,565 shares during the period. Montag A & Associates Inc. raised its stake in shares of Lululemon Athletica by 495.1% during the fourth quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer’s stock valued at $1,627,000 after acquiring an additional 3,540 shares during the last quarter. Finally, Northeast Investment Management purchased a new stake in shares of Lululemon Athletica during the fourth quarter worth about $276,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Trading Down 1.2 %

Shares of LULU opened at $323.07 on Wednesday. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $480.94. The business’s fifty day simple moving average is $374.01 and its two-hundred 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 P/E/G ratio of 2.22 and a beta of 1.21.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the transaction, the insider now 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.48% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on LULU shares. Sanford C. Bernstein upgraded Lululemon Athletica from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $360.00 to $460.00 in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft boosted their target price on Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Truist Financial raised their price target on Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Jefferies Financial Group reissued an “underperform” rating and set a $220.00 price objective on shares of Lululemon Athletica in a research report on Monday, December 2nd. Finally, TD Cowen raised their target price on shares of Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.