iA Global Asset Management Inc. Boosts Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

iA Global Asset Management Inc. lifted its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 144.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,646 shares of the apparel retailer’s stock after purchasing an additional 19,275 shares during the period. iA Global Asset Management Inc.’s holdings in Lululemon Athletica were worth $12,484,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of LULU. Diamond Hill Capital Management Inc. purchased a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $370,062,000. Maverick Capital Ltd. purchased a new stake in shares of Lululemon Athletica during the 3rd quarter worth approximately $93,476,000. The Manufacturers Life Insurance Company increased its stake in shares of Lululemon Athletica by 136.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock worth $143,624,000 after purchasing an additional 305,302 shares during the last quarter. Southpoint Capital Advisors LP purchased a new stake in shares of Lululemon Athletica during the 3rd quarter worth approximately $81,405,000. Finally, Los Angeles Capital Management LLC increased its stake in shares of Lululemon Athletica by 248.5% during the 4th quarter. Los Angeles Capital Management LLC now owns 323,031 shares of the apparel retailer’s stock worth $123,530,000 after purchasing an additional 230,349 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Insider Buying and Selling

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 owns 6,198 shares in the company, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.48% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LULU. Citigroup raised their price target on shares of Lululemon Athletica from $270.00 to $380.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research note on Monday, December 9th. William Blair reiterated an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. JPMorgan Chase & Co. lifted their price objective 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. Finally, Guggenheim lifted their price objective on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and an average target price of $398.83.

Lululemon Athletica Stock Up 2.0 %

Shares of NASDAQ:LULU opened at $329.57 on Thursday. The stock has a market cap of $40.14 billion, a PE ratio of 23.80, a PEG ratio of 2.22 and a beta of 1.21. The company’s fifty day moving average is $372.75 and its 200 day moving average is $336.02. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $480.94.

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.