Trillium Asset Management LLC Has $45.26 Million Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Trillium Asset Management LLC grew its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 118,341 shares of the apparel retailer’s stock after purchasing an additional 6,050 shares during the quarter. Lululemon Athletica comprises approximately 1.2% of Trillium Asset Management LLC’s investment portfolio, making the stock its 15th largest position. Trillium Asset Management LLC owned approximately 0.10% of Lululemon Athletica worth $45,255,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in LULU. Claro Advisors LLC bought a new position in Lululemon Athletica during the 3rd quarter worth approximately $232,000. Quest Partners LLC raised its holdings in Lululemon Athletica by 82.3% during the 3rd quarter. Quest Partners LLC now owns 3,060 shares of the apparel retailer’s stock worth $830,000 after purchasing an additional 1,381 shares during the last quarter. Aviance Capital Partners LLC bought a new position in Lululemon Athletica during the 3rd quarter worth approximately $1,575,000. W.G. Shaheen & Associates DBA Whitney & Co increased its stake in shares of Lululemon Athletica by 1.5% in the 3rd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 13,761 shares of the apparel retailer’s stock valued at $3,734,000 after acquiring an additional 202 shares in the last quarter. Finally, LGT Capital Partners LTD. lifted its position in shares of Lululemon Athletica by 8.4% during the 3rd quarter. LGT Capital Partners LTD. now owns 317,718 shares of the apparel retailer’s stock valued at $86,213,000 after acquiring an additional 24,501 shares during the period. Institutional investors own 85.20% of the company’s stock.

Analyst Ratings Changes

LULU has been the topic of a number of research reports. Stifel Nicolaus reiterated a “buy” rating and set a $438.00 target price (up previously from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. KeyCorp boosted their target price on shares of Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Jefferies Financial Group reiterated an “underperform” rating and set a $220.00 target price on shares of Lululemon Athletica in a research report on Monday, December 2nd. Piper Sandler boosted their target price on shares of Lululemon Athletica from $260.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Lululemon Athletica from $428.00 to $437.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. One 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $399.14.

Lululemon Athletica Price Performance

NASDAQ LULU opened at $323.07 on Wednesday. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $480.94. The firm has a market cap of $39.34 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 2.22 and a beta of 1.21. The company has a fifty day moving average price of $374.01 and a 200-day moving average price of $336.06.

Insider Transactions at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of the 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 completion of the transaction, the insider now owns 6,198 shares in the company, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.48% of the company’s stock.

Lululemon Athletica 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.