Financial Counselors Inc. Sells 1,106 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Financial Counselors Inc. reduced its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 7.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,951 shares of the apparel retailer’s stock after selling 1,106 shares during the period. Financial Counselors Inc.’s holdings in Lululemon Athletica were worth $5,335,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. EFG Asset Management North America Corp. increased its holdings in shares of Lululemon Athletica by 90.9% in the fourth quarter. EFG Asset Management North America Corp. now owns 7,228 shares of the apparel retailer’s stock worth $2,765,000 after purchasing an additional 3,442 shares during the last quarter. Fourth Dimension Wealth LLC bought a new stake in Lululemon Athletica in the 4th quarter worth approximately $61,000. Hershey Financial Advisers LLC bought a new stake in Lululemon Athletica in the 4th quarter worth approximately $722,000. LPL Financial LLC raised its holdings in shares of Lululemon Athletica by 20.6% during the 4th quarter. LPL Financial LLC now owns 129,003 shares of the apparel retailer’s stock worth $49,332,000 after acquiring an additional 22,077 shares in the last quarter. Finally, Fortis Capital Management LLC bought a new position in shares of Lululemon Athletica during the 4th quarter valued at approximately $241,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Trading Up 0.1 %

LULU opened at $337.79 on Thursday. The business’s fifty day simple moving average is $366.84 and its 200-day simple moving average is $338.65. The company has a market capitalization of $41.14 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Barclays boosted their target price on shares of Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $220.00 price target on shares of Lululemon Athletica in a report on Monday, December 2nd. Needham & Company LLC reduced their price objective on Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Oppenheimer raised their price objective on Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $395.55.

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.