TCTC Holdings LLC Purchases New Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

TCTC Holdings LLC purchased a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 69 shares of the apparel retailer’s stock, valued at approximately $26,000.

Several other hedge funds have also made changes to their positions in LULU. Kestra Investment Management LLC acquired a new stake in shares of Lululemon Athletica during the 4th quarter valued at $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Lululemon Athletica during the 4th quarter valued at $32,000. Asset Planning Inc acquired a new stake in shares of Lululemon Athletica during the 4th quarter valued at $33,000. Sound Income Strategies LLC boosted 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 valued at $33,000 after buying an additional 65 shares during the period. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Lululemon Athletica during the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Citigroup lifted their target price on shares of Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. BMO Capital Markets raised their price target on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Raymond James restated an “outperform” rating and set a $430.00 price target (up previously from $400.00) on shares of Lululemon Athletica in a report on Wednesday, January 15th. Needham & Company LLC upgraded shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price target on the stock in a report on Friday, January 10th. Finally, Oppenheimer raised their price target on shares of Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $399.14.

Insider Activity

In other news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.48% of the stock is owned by company insiders.

Lululemon Athletica Stock Performance

Shares of Lululemon Athletica stock opened at $327.09 on Tuesday. The firm’s 50-day simple moving average is $375.42 and its 200-day simple moving average is $335.62. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $480.94. The firm has a market cap of $39.83 billion, a P/E ratio of 23.62, a price-to-earnings-growth 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.