AGF Management Ltd. Sells 3,438 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

AGF Management Ltd. lessened its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 25.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 9,896 shares of the apparel retailer’s stock after selling 3,438 shares during the period. AGF Management Ltd.’s holdings in Lululemon Athletica were worth $3,784,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kestra Investment Management LLC bought a new position in shares of Lululemon Athletica during the 4th quarter worth about $32,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Lululemon Athletica during the 4th quarter worth about $32,000. Sound Income Strategies LLC boosted its position 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 purchasing an additional 65 shares in the last quarter. Asset Planning Inc bought a new position in Lululemon Athletica in the 4th quarter valued at about $33,000. Finally, Golden State Wealth Management LLC bought a new position in Lululemon Athletica in the 4th quarter valued at about $36,000. Institutional investors own 85.20% of the company’s stock.

Insider Activity at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.48% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

LULU has been the topic of several recent research reports. Guggenheim raised their price target on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Evercore ISI raised their price target on shares of Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Morgan Stanley raised their price target on shares of Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th. Robert W. Baird raised their price target on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. raised their price target on shares of Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $399.14.

Lululemon Athletica Stock Down 0.9 %

Shares of LULU stock opened at $316.49 on Thursday. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $480.94. The firm has a market cap of $38.54 billion, a P/E ratio of 22.85, a PEG ratio of 2.22 and a beta of 1.21. The company has a 50 day moving average of $379.38 and a 200-day moving average of $334.06.

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.