Harvest Fund Management Co. Ltd Acquires 10,022 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Harvest Fund Management Co. Ltd increased its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 182.6% during the 4th quarter, HoldingsChannel reports. The firm owned 15,512 shares of the apparel retailer’s stock after purchasing an additional 10,022 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Lululemon Athletica were worth $5,891,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. TCTC Holdings LLC acquired a new stake in Lululemon Athletica in the 4th quarter valued at approximately $26,000. Kestra Investment Management LLC acquired a new stake in Lululemon Athletica in the 4th quarter valued at approximately $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Lululemon Athletica in the 4th quarter valued at approximately $32,000. Sound Income Strategies LLC raised its position in Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 65 shares during the last quarter. Finally, Asset Planning Inc acquired a new stake in Lululemon Athletica in the 4th quarter valued at approximately $33,000. Institutional investors own 85.20% of the company’s stock.

Analysts Set New Price Targets

LULU has been the topic of a number of recent research reports. KeyCorp lifted their target price on Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. BMO Capital Markets boosted their price target on Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Evercore ISI boosted their price target on Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. UBS Group boosted their price target on Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Finally, Wells Fargo & Company boosted their price target on Lululemon Athletica from $350.00 to $375.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $399.14.

Lululemon Athletica Stock Performance

NASDAQ:LULU opened at $323.07 on Wednesday. The stock has a fifty day moving average price of $374.01 and a 200-day moving average price of $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 fifty-two week low of $226.01 and a fifty-two week high of $480.94.

Insider Activity

In other news, insider Nicole Neuburger sold 2,022 shares of the company’s 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 completion of the sale, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.48% of the company’s stock.

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.