EverSource Wealth Advisors LLC Raises Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

EverSource Wealth Advisors LLC increased its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 7.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 593 shares of the apparel retailer’s stock after acquiring an additional 41 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Lululemon Athletica were worth $227,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new position in shares of Lululemon Athletica in the fourth quarter worth about $32,000. Bradley & Co. Private Wealth Management LLC bought a new position in Lululemon Athletica in the 4th quarter worth approximately $32,000. Asset Planning Inc purchased a new position in Lululemon Athletica in the 4th quarter valued at approximately $33,000. Sound Income Strategies LLC raised its holdings in Lululemon Athletica by 309.5% during the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 65 shares during the period. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Lululemon Athletica during the fourth quarter worth $36,000. 85.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LULU shares. TD Cowen lifted their price target on Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. Truist Financial upped their price target on Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a research report on Friday, January 10th. TD Securities raised their price objective on shares of Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Oppenheimer upped their target price on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Finally, 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 report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, Lululemon Athletica has an average rating of “Moderate Buy” and an average price target of $399.14.

Insider Buying and Selling at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction 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 transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.48% of the company’s stock.

Lululemon Athletica Price Performance

Shares of LULU stock opened at $311.03 on Monday. The business has a 50-day moving average of $376.79 and a 200 day moving average of $335.14. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $480.94. The stock has a market capitalization of $37.88 billion, a PE ratio of 22.46, a P/E/G ratio of 2.22 and a beta of 1.21.

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.