Stevens Capital Management LP Sells 913 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Stevens Capital Management LP decreased its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 61.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 568 shares of the apparel retailer’s stock after selling 913 shares during the period. Stevens Capital Management LP’s holdings in Lululemon Athletica were worth $217,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. TCTC Holdings LLC bought a new position in Lululemon Athletica during the 4th quarter worth about $26,000. Kestra Investment Management LLC bought a new position in shares of Lululemon Athletica during the fourth quarter worth about $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Lululemon Athletica in the 4th quarter valued at approximately $32,000. Asset Planning Inc acquired a new position in Lululemon Athletica during the 4th quarter worth approximately $33,000. Finally, Sound Income Strategies LLC grew its stake 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. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LULU. UBS Group increased their target price on shares of Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. TD Securities raised their price objective on Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. TD Cowen upped their target price on Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft boosted their price target on Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Finally, Morgan Stanley cut their price objective on Lululemon Athletica from $420.00 to $411.00 and set an “overweight” rating for the company in a report on Wednesday, March 19th. One research 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $397.10.

Lululemon Athletica Stock Up 3.8 %

LULU stock opened at $334.96 on Tuesday. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The business has a 50-day simple moving average of $368.64 and a 200 day simple moving average of $338.07. The company has a market cap of $40.79 billion, a PE ratio of 24.18, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21.

Insider Activity at Lululemon Athletica

In other 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 value of $782,736.42. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.48% of the stock is currently owned by 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.