Blair William & Co. IL Trims Holdings in lululemon athletica inc. (NASDAQ:LULU)

Key Points

• Blair William & Co. IL reduced its holdings in lululemon athletica by 8.8%, selling 15,805 shares during the first quarter, which left them with 163,145 shares worth approximately $46.18 million.
• CEO Calvin McDonald sold 27,049 shares of lululemon on June 27, representing a 19.66% decrease in his ownership.
• lululemon athletica's stock is currently down 3.6%, with a market capitalization of $23.17 billion and a PE ratio of 13.10.

Blair William & Co. IL lessened its holdings in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 8.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 163,145 shares of the apparel retailer's stock after selling 15,805 shares during the period. Blair William & Co. IL owned about 0.14% of lululemon athletica worth $46,180,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. N.E.W. Advisory Services LLC purchased a new position in lululemon athletica during the 1st quarter valued at about $25,000. Cornerstone Planning Group LLC increased its holdings in lululemon athletica by 506.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock valued at $26,000 after purchasing an additional 81 shares during the period. Anderson Financial Strategies LLC purchased a new position in lululemon athletica during the 4th quarter valued at about $30,000. Garde Capital Inc. purchased a new position in lululemon athletica during the 1st quarter valued at about $35,000. Finally, CENTRAL TRUST Co increased its holdings in lululemon athletica by 154.9% during the 1st 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 period. Hedge funds and other institutional investors own 85.20% of the company's stock.

Insider Buying and Selling at lululemon athletica

In related news, CEO Calvin Mcdonald sold 27,049 shares of the firm's stock in a transaction 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 transaction, the chief executive officer directly owned 110,564 shares of the company's stock, valued at approximately $26,058,829.16. This trade represents a 19.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is owned by insiders.

lululemon athletica Trading Down 3.6%

LULU stock opened at $193.33 on Monday. The stock has a market capitalization of $23.17 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 1.65 and a beta of 1.16. lululemon athletica inc. has a 12-month low of $191.44 and a 12-month high of $423.32. The stock's 50 day simple moving average is $248.66 and its 200 day simple moving average is $298.81.

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 for the quarter, meeting the consensus estimate of $2.60. The firm had revenue of $2.37 billion for 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 company's revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.54 EPS. On average, research analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on LULU shares. Needham & Company LLC reduced their price target on lululemon athletica from $366.00 to $317.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Telsey Advisory Group reiterated an "outperform" rating and set a $385.00 target price on shares of lululemon athletica in a report on Monday, June 2nd. BMO Capital Markets reduced their target price on lululemon athletica from $302.00 to $250.00 and set a "market perform" rating on the stock in a report on Friday, June 6th. Jefferies Financial Group reduced their target price on lululemon athletica from $220.00 to $200.00 and set an "underperform" rating on the stock in a report on Friday, June 6th. Finally, Piper Sandler reduced their target price on lululemon athletica from $270.00 to $200.00 and set a "neutral" rating on the stock in a report on Tuesday, July 29th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $333.57.

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.

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