Lululemon Athletica Inc. (NASDAQ:LULU) Shares Acquired by First Financial Bankshares Inc

First Financial Bankshares Inc boosted its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,303 shares of the apparel retailer’s stock after acquiring an additional 48 shares during the period. First Financial Bankshares Inc’s holdings in Lululemon Athletica were worth $1,263,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LULU. Investment Partners Asset Management Inc. purchased a new stake in Lululemon Athletica in the fourth quarter valued at $275,000. Rockefeller Capital Management L.P. increased its position in shares of Lululemon Athletica by 50.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock worth $28,070,000 after purchasing an additional 34,704 shares during the last quarter. Lebenthal Global Advisors LLC raised its holdings in Lululemon Athletica by 138.1% in the 4th quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer’s stock valued at $1,032,000 after buying an additional 1,565 shares during the period. Montag A & Associates Inc. lifted its position in Lululemon Athletica by 495.1% in the fourth quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer’s stock valued at $1,627,000 after buying an additional 3,540 shares during the last quarter. Finally, Northeast Investment Management acquired a new position in Lululemon Athletica in the fourth quarter valued at about $276,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Lululemon Athletica Stock Performance

LULU opened at $323.07 on Wednesday. Lululemon Athletica Inc. has a one year low of $226.01 and a one year high of $480.94. The company has a market cap of $39.34 billion, a P/E ratio of 23.33, a PEG ratio of 2.22 and a beta of 1.21. The business’s 50-day simple moving average is $374.01 and its 200-day simple moving average is $336.06.

Insider Activity at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of the 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. This trade represents a 24.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.48% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on LULU shares. William Blair reiterated an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Telsey Advisory Group boosted their target price on Lululemon Athletica from $430.00 to $445.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. Piper Sandler upped their price target on Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Finally, KeyCorp boosted their price objective on Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $399.14.

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.