Foundations Investment Advisors LLC trimmed its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU – Get Rating) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,679 shares of the apparel retailer’s stock after selling 34 shares during the period. Foundations Investment Advisors LLC’s holdings in Lululemon Athletica were worth $538,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of LULU. Guardian Wealth Advisors LLC purchased a new stake in Lululemon Athletica in the 3rd quarter worth approximately $26,000. Ronald Blue Trust Inc. purchased a new stake in Lululemon Athletica in the second quarter worth $30,000. Private Trust Co. NA bought a new stake in Lululemon Athletica in the second quarter valued at $49,000. Tobam increased its position in Lululemon Athletica by 94.2% during the 3rd quarter. Tobam now owns 200 shares of the apparel retailer’s stock valued at $56,000 after purchasing an additional 97 shares during the period. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in Lululemon Athletica in the 3rd quarter worth $58,000. 82.04% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts recently issued reports on LULU shares. Morgan Stanley boosted their price target on shares of Lululemon Athletica from $343.00 to $387.00 and gave the company an “overweight” rating in a research report on Friday, December 9th. UBS Group lowered their target price on Lululemon Athletica from $395.00 to $390.00 and set a “neutral” rating for the company in a research note on Friday, December 9th. Robert W. Baird dropped their price target on Lululemon Athletica from $435.00 to $410.00 and set an “outperform” rating on the stock in a research report on Monday, March 6th. Credit Suisse Group increased their price objective on Lululemon Athletica from $390.00 to $465.00 and gave the stock an “outperform” rating in a report on Monday, December 5th. Finally, Redburn Partners initiated coverage on shares of Lululemon Athletica in a report on Thursday. They set a “sell” rating and a $257.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $398.23.
Lululemon Athletica Trading Down 0.9 %
About Lululemon Athletica
lululemon athletica, Inc engages in the designing, distributing and retail of athletic apparel and accessories. It operates through the following business segments: Company-Operated Stores, Direct to Consumer. The Company-Operated Stores segment comprises lululemon and ivivva brands; and specialize in athletic wear for female youth.
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