Prudential Financial Inc. Has $22.44 Million Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Prudential Financial Inc. decreased its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 19.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,684 shares of the apparel retailer’s stock after selling 13,932 shares during the quarter. Prudential Financial Inc.’s holdings in Lululemon Athletica were worth $22,441,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in LULU. Advisors Asset Management Inc. lifted its stake in Lululemon Athletica by 51.6% in the third quarter. Advisors Asset Management Inc. now owns 1,677 shares of the apparel retailer’s stock valued at $455,000 after acquiring an additional 571 shares during the last quarter. Independent Advisor Alliance grew its holdings in Lululemon Athletica by 11.8% during the third quarter. Independent Advisor Alliance now owns 2,977 shares of the apparel retailer’s stock worth $808,000 after purchasing an additional 315 shares during the period. Qsemble Capital Management LP acquired a new position in Lululemon Athletica during the third quarter worth approximately $210,000. The Manufacturers Life Insurance Company raised its stake in Lululemon Athletica by 136.3% in the third quarter. The Manufacturers Life Insurance Company now owns 529,295 shares of the apparel retailer’s stock valued at $143,624,000 after buying an additional 305,302 shares during the period. Finally, D.A. Davidson & CO. lifted its position in shares of Lululemon Athletica by 13.1% in the third quarter. D.A. Davidson & CO. now owns 3,074 shares of the apparel retailer’s stock valued at $834,000 after buying an additional 356 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Stock Up 0.1 %

LULU stock opened at $337.79 on Thursday. The firm has a market cap of $41.14 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 2.22 and a beta of 1.21. The company’s fifty day simple moving average is $366.84 and its 200 day simple moving average is $338.65. Lululemon Athletica Inc. has a 12-month low of $226.01 and a 12-month high of $423.32.

Analysts Set New Price Targets

LULU has been the subject of a number of research analyst reports. Oppenheimer boosted their price objective on Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Evercore ISI upped their price objective on Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Jefferies Financial Group reissued an “underperform” rating and set a $220.00 target price on shares of Lululemon Athletica in a report on Monday, December 2nd. TD Securities boosted their target price on shares of Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Finally, Morgan Stanley lowered their price target on shares of Lululemon Athletica from $420.00 to $411.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $395.55.

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.