Gideon Capital Advisors Inc. acquired a new position in shares of Lululemon Athletica inc. (NASDAQ:LULU) in the 4th quarter, HoldingsChannel reports. The fund acquired 2,713 shares of the apparel retailer’s stock, valued at approximately $330,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its stake in Lululemon Athletica by 184.3% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 9,787 shares of the apparel retailer’s stock worth $1,590,000 after acquiring an additional 6,345 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Lululemon Athletica by 27.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 12,450 shares of the apparel retailer’s stock worth $2,023,000 after buying an additional 2,707 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in Lululemon Athletica by 9.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 7,118 shares of the apparel retailer’s stock worth $1,156,000 after buying an additional 589 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Lululemon Athletica by 298.2% in the 3rd quarter. SG Americas Securities LLC now owns 17,264 shares of the apparel retailer’s stock worth $2,805,000 after buying an additional 12,928 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Lululemon Athletica by 5.2% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 359,608 shares of the apparel retailer’s stock worth $58,433,000 after buying an additional 17,834 shares in the last quarter. 78.47% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have commented on LULU shares. Cowen set a $185.00 price objective on shares of Lululemon Athletica and gave the stock a “buy” rating in a report on Tuesday, December 11th. MKM Partners set a $177.00 target price on shares of Lululemon Athletica and gave the company a “buy” rating in a research note on Sunday, December 9th. Guggenheim restated a “buy” rating and issued a $165.00 target price on shares of Lululemon Athletica in a research note on Thursday, December 6th. ValuEngine lowered shares of Lululemon Athletica from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 21st. Finally, Canaccord Genuity set a $161.00 target price on shares of Lululemon Athletica and gave the company a “buy” rating in a research note on Saturday, December 8th. One investment 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 assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $160.94.

In other news, major shareholder Dennis J. Wilson sold 1,379,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 3,852 shares of the company’s stock, valued at approximately $558,540. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Dennis J. Wilson sold 444,389 shares of the company’s stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $140.39, for a total transaction of $62,387,771.71. Following the completion of the sale, the insider now directly owns 3,852 shares of the company’s stock, valued at $540,782.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,914,928 shares of company stock valued at $414,622,960. Company insiders own 0.32% of the company’s stock.

Shares of NASDAQ:LULU opened at $144.18 on Friday. Lululemon Athletica inc. has a fifty-two week low of $77.97 and a fifty-two week high of $164.79. The stock has a market cap of $19.07 billion, a P/E ratio of 55.67, a price-to-earnings-growth ratio of 1.72 and a beta of 0.51.

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Lululemon Athletica 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.

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

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