Mizuho Securities Co. Ltd. Invests $219,000 in Lululemon Athletica Inc. (NASDAQ:LULU)

Mizuho Securities Co. Ltd. purchased a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 570 shares of the apparel retailer’s stock, valued at approximately $219,000. Lululemon Athletica accounts for approximately 3.3% of Mizuho Securities Co. Ltd.’s holdings, making the stock its 10th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. EFG Asset Management North America Corp. grew its holdings in shares of Lululemon Athletica by 90.9% during 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 purchased a new position in Lululemon Athletica during the 4th quarter worth approximately $61,000. Hershey Financial Advisers LLC acquired a new position in Lululemon Athletica during the fourth quarter worth approximately $722,000. LPL Financial LLC lifted its stake in Lululemon Athletica by 20.6% in the fourth quarter. LPL Financial LLC now owns 129,003 shares of the apparel retailer’s stock valued at $49,332,000 after buying an additional 22,077 shares during the last quarter. Finally, Fortis Capital Management LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at approximately $241,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insiders Place Their Bets

In other news, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction that occurred on 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 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.48% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on LULU shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Jefferies Financial Group reissued an “underperform” rating and set a $220.00 price target on shares of Lululemon Athletica in a report on Monday, December 2nd. Morgan Stanley reduced their price objective on Lululemon Athletica from $420.00 to $411.00 and set an “overweight” rating for the company in a research note on Wednesday, March 19th. Sanford C. Bernstein upgraded Lululemon Athletica from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $360.00 to $460.00 in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus restated a “buy” rating and set a $438.00 price target (up previously from $370.00) on shares of Lululemon Athletica 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 given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $397.10.

Lululemon Athletica Stock Up 0.7 %

Lululemon Athletica stock opened at $337.35 on Wednesday. The firm has a market capitalization of $41.08 billion, a PE ratio of 24.36, a P/E/G ratio of 2.22 and a beta of 1.21. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $423.32. The firm’s 50-day simple moving average is $367.61 and its 200 day simple moving average is $338.66.

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.