Catalyst Funds Management Pty Ltd Buys New Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Catalyst Funds Management Pty Ltd bought a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,400 shares of the apparel retailer’s stock, valued at approximately $918,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Aurora Investment Counsel acquired a new stake in Lululemon Athletica in the 4th quarter valued at approximately $1,163,000. Diamond Hill Capital Management Inc. acquired a new stake in Lululemon Athletica in the 4th quarter valued at approximately $370,062,000. Skandinaviska Enskilda Banken AB publ increased its position in shares of Lululemon Athletica by 3.4% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 24,213 shares of the apparel retailer’s stock worth $9,298,000 after purchasing an additional 806 shares during the last quarter. Erste Asset Management GmbH increased its position in shares of Lululemon Athletica by 49.2% during the 4th quarter. Erste Asset Management GmbH now owns 30,617 shares of the apparel retailer’s stock worth $11,838,000 after purchasing an additional 10,094 shares during the last quarter. Finally, Tredje AP fonden increased its position in shares of Lululemon Athletica by 61.7% during the 4th quarter. Tredje AP fonden now owns 159,300 shares of the apparel retailer’s stock worth $60,918,000 after purchasing an additional 60,761 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Stock Performance

Lululemon Athletica stock opened at $311.03 on Friday. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $480.94. The stock has a market capitalization of $37.88 billion, a P/E ratio of 22.46, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. The stock has a fifty day moving average of $376.79 and a 200-day moving average of $334.16.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. 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. Needham & Company LLC raised Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price target on the stock in a research report on Friday, January 10th. TD Cowen boosted their price target on Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. Sanford C. Bernstein raised Lululemon Athletica from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $360.00 to $460.00 in a research report on Tuesday, January 7th. Finally, Telsey Advisory Group boosted their target price on Lululemon Athletica from $430.00 to $445.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, Lululemon Athletica currently has an average rating of “Moderate Buy” and a consensus target price of $399.14.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.48% of the stock is owned by insiders.

Lululemon Athletica Company 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.