CIBC Asset Management Inc grew its stake in Lululemon Athletica inc. (NASDAQ:LULU) by 270.5% during the fourth quarter, HoldingsChannel reports. The firm owned 7,602 shares of the apparel retailer’s stock after purchasing an additional 5,550 shares during the period. CIBC Asset Management Inc’s holdings in Lululemon Athletica were worth $924,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. AdvisorNet Financial Inc lifted its holdings in shares of Lululemon Athletica by 70.8% in the fourth quarter. AdvisorNet Financial Inc now owns 205 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 85 shares in the last quarter. DNB Asset Management AS lifted its holdings in shares of Lululemon Athletica by 0.9% in the fourth quarter. DNB Asset Management AS now owns 11,137 shares of the apparel retailer’s stock valued at $1,354,000 after purchasing an additional 100 shares in the last quarter. First Mercantile Trust Co. lifted its holdings in shares of Lululemon Athletica by 2.6% in the fourth quarter. First Mercantile Trust Co. now owns 3,900 shares of the apparel retailer’s stock valued at $474,000 after purchasing an additional 100 shares in the last quarter. Telemus Capital LLC lifted its holdings in shares of Lululemon Athletica by 1.2% in the fourth quarter. Telemus Capital LLC now owns 10,124 shares of the apparel retailer’s stock valued at $1,231,000 after purchasing an additional 119 shares in the last quarter. Finally, Whittier Trust Co. lifted its holdings in shares of Lululemon Athletica by 76.4% in the fourth quarter. Whittier Trust Co. now owns 388 shares of the apparel retailer’s stock valued at $47,000 after purchasing an additional 168 shares in the last quarter. Institutional investors own 78.47% of the company’s stock.

A number of analysts recently commented on the company. BidaskClub lowered Lululemon Athletica from a “hold” rating to a “sell” rating in a report on Friday. Citigroup upgraded Lululemon Athletica from a “neutral” rating to a “buy” rating and set a $152.00 price target on the stock in a report on Wednesday, December 12th. Guggenheim reiterated a “buy” rating and set a $165.00 price target on shares of Lululemon Athletica in a report on Thursday, December 6th. Stifel Nicolaus upgraded Lululemon Athletica from a “hold” rating to a “buy” rating and set a $151.00 price target on the stock in a report on Monday, December 17th. Finally, Credit Suisse Group lifted their price target on Lululemon Athletica from $164.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, December 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $160.94.

In other Lululemon Athletica news, major shareholder Dennis J. Wilson sold 244,539 shares of the firm’s stock in a transaction on Monday, January 28th. The stock was sold at an average price of $149.83, for a total value of $36,639,278.37. Following the completion of the sale, the insider now directly owns 3,852 shares of the company’s stock, valued at $577,145.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Dennis J. Wilson sold 1,379,000 shares of Lululemon Athletica stock in a transaction on Wednesday, January 30th. The shares were sold at an average price of $145.00, for a total value of $199,955,000.00. Following the completion of the transaction, the insider now owns 3,852 shares of the company’s stock, valued at $558,540. The disclosure for this sale can be found here. Insiders sold 2,914,928 shares of company stock valued at $414,622,960 over the last three months. Company insiders own 0.32% of the company’s stock.

NASDAQ:LULU opened at $144.18 on Friday. Lululemon Athletica inc. has a 1 year low of $77.97 and a 1 year high of $164.79. The firm has a market capitalization of $19.07 billion, a price-to-earnings ratio of 55.67, a PEG ratio of 1.72 and a beta of 0.51.

ILLEGAL ACTIVITY NOTICE: This story was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another website, it was copied illegally and reposted in violation of United States & international trademark and copyright legislation. The original version of this story can be accessed at https://www.thecerbatgem.com/2019/03/15/cibc-asset-management-inc-buys-5550-shares-of-lululemon-athletica-inc-lulu.html.

Lululemon Athletica Company Profile

lululemon athletica inc., an athletic apparel company, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.

Featured Story: Preferred Stock

Want to see what other hedge funds are holding LULU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lululemon Athletica inc. (NASDAQ:LULU).

Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

Receive News & Ratings for Lululemon Athletica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lululemon Athletica and related companies with MarketBeat.com's FREE daily email newsletter.