Bank of New York Mellon Corp Has $253.69 Million Stake in lululemon athletica inc. (NASDAQ:LULU)

Bank of New York Mellon Corp trimmed its position in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 7.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 896,242 shares of the apparel retailer's stock after selling 68,991 shares during the period. Bank of New York Mellon Corp owned 0.74% of lululemon athletica worth $253,690,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TCTC Holdings LLC acquired a new stake in shares of lululemon athletica in the 4th quarter worth approximately $26,000. Anderson Financial Strategies LLC acquired a new stake in shares of lululemon athletica in the 4th quarter worth approximately $30,000. Garde Capital Inc. acquired a new stake in shares of lululemon athletica in the 1st quarter worth approximately $35,000. MV Capital Management Inc. lifted its stake in shares of lululemon athletica by 66.1% in the 4th quarter. MV Capital Management Inc. now owns 93 shares of the apparel retailer's stock worth $36,000 after acquiring an additional 37 shares during the period. Finally, CENTRAL TRUST Co lifted its stake in lululemon athletica by 154.9% during the first quarter. CENTRAL TRUST Co now owns 130 shares of the apparel retailer's stock valued at $37,000 after purchasing an additional 79 shares during the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

lululemon athletica Stock Performance

Shares of LULU traded up $2.63 during trading hours on Thursday, hitting $238.52. 2,593,749 shares of the company were exchanged, compared to its average volume of 2,339,978. The company has a market cap of $28.59 billion, a PE ratio of 16.16, a PEG ratio of 2.02 and a beta of 1.17. The firm's 50 day moving average is $275.63 and its 200-day moving average is $319.36. lululemon athletica inc. has a 52 week low of $219.97 and a 52 week high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.60. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the company posted $2.54 EPS. The firm's revenue was up 7.3% on a year-over-year basis. As a group, equities analysts forecast that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LULU has been the topic of several recent research reports. TD Securities lifted their price target on shares of lululemon athletica from $370.00 to $373.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Robert W. Baird decreased their target price on lululemon athletica from $350.00 to $340.00 and set an "outperform" rating on the stock in a report on Friday, June 6th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $385.00 target price on shares of lululemon athletica in a research report on Monday, June 2nd. Bank of America cut their target price on lululemon athletica from $400.00 to $370.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. Finally, Jefferies Financial Group cut their target price 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. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $340.26.

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.