lululemon athletica inc. (NASDAQ:LULU) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. decreased its stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 35.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,520 shares of the apparel retailer's stock after selling 5,138 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in lululemon athletica were worth $2,695,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bender Robert & Associates increased its holdings in shares of lululemon athletica by 18.5% in the first quarter. Bender Robert & Associates now owns 44,961 shares of the apparel retailer's stock worth $12,727,000 after purchasing an additional 7,028 shares during the last quarter. Azzad Asset Management Inc. ADV purchased a new stake in shares of lululemon athletica during the 1st quarter worth approximately $1,898,000. Boston Trust Walden Corp raised its holdings in shares of lululemon athletica by 3.8% during the 1st quarter. Boston Trust Walden Corp now owns 146,630 shares of the apparel retailer's stock worth $41,505,000 after acquiring an additional 5,363 shares in the last quarter. New England Research & Management Inc. bought a new position in shares of lululemon athletica during the 1st quarter valued at approximately $301,000. Finally, State of Alaska Department of Revenue grew its holdings in shares of lululemon athletica by 60.2% in the first quarter. State of Alaska Department of Revenue now owns 20,630 shares of the apparel retailer's stock valued at $5,838,000 after purchasing an additional 7,750 shares in the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at lululemon athletica

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at $26,058,829.16. This represents a 19.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is currently owned by company insiders.

lululemon athletica Price Performance

LULU stock traded up $1.24 during midday trading on Thursday, hitting $247.54. 1,632,944 shares of the stock traded hands, compared to its average volume of 2,317,472. lululemon athletica inc. has a 1-year low of $219.97 and a 1-year high of $423.32. The stock's fifty day simple moving average is $278.46 and its 200-day simple moving average is $324.17. The firm has a market cap of $29.67 billion, a P/E ratio of 16.77, a PEG ratio of 2.08 and a beta of 1.17.

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, meeting analysts' consensus estimates 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 net margin of 16.82% and a return on equity of 43.48%. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.54 EPS. On average, research analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LULU. Citigroup reduced their target price on shares of lululemon athletica from $325.00 to $270.00 and set a "neutral" rating on the stock in a report on Friday, June 6th. Evercore ISI boosted their price objective on lululemon athletica from $320.00 to $400.00 and gave the company an "outperform" rating in a report on Tuesday, June 3rd. Piper Sandler boosted their price target on lululemon athletica from $280.00 to $315.00 and gave the company a "neutral" rating in a report on Tuesday, June 3rd. Raymond James Financial restated a "market perform" rating and set a $430.00 price objective on shares of lululemon athletica in a report on Friday, March 28th. Finally, BMO Capital Markets cut their target price on shares of lululemon athletica from $302.00 to $250.00 and set a "market perform" rating on the stock in a research report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $340.26.

About lululemon athletica

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.