Allspring Global Investments Holdings LLC Trims Stock Position in lululemon athletica inc. (NASDAQ:LULU)

Allspring Global Investments Holdings LLC trimmed its stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 20.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,109 shares of the apparel retailer's stock after selling 1,317 shares during the period. Allspring Global Investments Holdings LLC's holdings in lululemon athletica were worth $1,429,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of LULU. TCTC Holdings LLC bought a new position in lululemon athletica during the fourth quarter valued at approximately $26,000. Anderson Financial Strategies LLC bought a new position in lululemon athletica during the fourth quarter valued at approximately $30,000. MV Capital Management Inc. boosted its stake in lululemon athletica by 66.1% during the fourth quarter. MV Capital Management Inc. now owns 93 shares of the apparel retailer's stock valued at $36,000 after buying an additional 37 shares during the last quarter. Garde Capital Inc. bought a new position in lululemon athletica during the first quarter valued at approximately $35,000. Finally, True Wealth Design LLC boosted its stake in lululemon athletica by 193.0% during the fourth quarter. True Wealth Design LLC now owns 126 shares of the apparel retailer's stock valued at $48,000 after buying an additional 83 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on LULU. Needham & Company LLC dropped their price target on lululemon athletica from $366.00 to $317.00 and set a "buy" rating for the company in a research note on Friday, June 6th. Jefferies Financial Group decreased their price objective on lululemon athletica from $220.00 to $200.00 and set an "underperform" rating on the stock in a research report on Friday, June 6th. UBS Group decreased their price objective on lululemon athletica from $330.00 to $290.00 and set a "neutral" rating on the stock in a research report on Friday, June 6th. Barclays decreased their price objective on lululemon athletica from $276.00 to $270.00 and set an "equal weight" rating on the stock in a research report on Monday, June 9th. Finally, Morgan Stanley restated an "equal weight" rating and set a $280.00 price objective (down from $346.00) on shares of lululemon athletica in a research report on Monday, June 9th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $340.26.

Insider Activity at lululemon athletica

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of lululemon athletica stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the completion of the transaction, the chief executive officer owned 110,564 shares in the company, valued at approximately $26,058,829.16. This trade represents a 19.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.54% of the stock is owned by company insiders.

lululemon athletica Stock Performance

lululemon athletica stock traded down $2.01 during mid-day trading on Friday, reaching $236.51. 1,666,312 shares of the company were exchanged, compared to its average volume of 2,337,908. The business has a fifty day moving average of $275.03 and a 200 day moving average of $318.36. The firm has a market cap of $28.35 billion, a P/E ratio of 16.02, a PEG ratio of 2.00 and a beta of 1.17. lululemon athletica inc. has a 12-month low of $219.97 and a 12-month high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, hitting analysts' consensus estimates of $2.60. The firm had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.36 billion. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%. The business's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.54 EPS. Sell-side analysts predict that lululemon athletica inc. will post 14.36 EPS for the current year.

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.