Cumberland Partners Ltd Invests $2.26 Million in lululemon athletica inc. (NASDAQ:LULU)

Key Points

• Cumberland Partners Ltd invested approximately $2.26 million in lululemon athletica, acquiring 8,000 shares of the company in the first quarter.
• Insider trading activity revealed that CEO Calvin McDonald sold 27,049 shares for over $6.37 million, reducing his ownership stake by 19.66%.
• Research analyst reports on lululemon athletica showed mixed sentiments, with price targets ranging from $200.00 to $400.00, and a consensus rating of "Moderate Buy."

Cumberland Partners Ltd acquired a new position in lululemon athletica inc. (NASDAQ:LULU - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,000 shares of the apparel retailer's stock, valued at approximately $2,264,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LULU. N.E.W. Advisory Services LLC purchased a new stake in lululemon athletica in the first quarter valued at about $25,000. Cornerstone Planning Group LLC raised its position in shares of lululemon athletica by 506.3% in 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 last quarter. Anderson Financial Strategies LLC acquired a new stake in lululemon athletica in the 4th quarter worth approximately $30,000. Garde Capital Inc. purchased a new stake in lululemon athletica during the 1st quarter worth approximately $35,000. Finally, CENTRAL TRUST Co grew its position in lululemon athletica by 154.9% during the 1st quarter. CENTRAL TRUST Co now owns 130 shares of the apparel retailer's stock worth $37,000 after purchasing an additional 79 shares during the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at lululemon athletica

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

lululemon athletica Stock Down 3.6%

LULU opened at $193.33 on Friday. The company has a market cap of $23.17 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 1.71 and a beta of 1.17. lululemon athletica inc. has a twelve month low of $191.44 and a twelve month high of $423.32. The company has a 50-day moving average price of $248.66 and a 200 day moving average price of $299.85.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 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 analyst estimates of $2.36 billion. During the same period in the previous year, the business earned $2.54 EPS. lululemon athletica's quarterly revenue was up 7.3% on a year-over-year basis. As a group, sell-side analysts expect that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LULU shares. Needham & Company LLC decreased their price target on shares of lululemon athletica from $366.00 to $317.00 and set a "buy" rating for the company in a report on Friday, June 6th. Piper Sandler lowered their price target on lululemon athletica from $270.00 to $200.00 and set a "neutral" rating for the company in a research report on Tuesday. Evercore ISI boosted their price target on lululemon athletica from $320.00 to $400.00 and gave the company an "outperform" rating in a research note on Tuesday, June 3rd. Truist Financial reduced their price objective on lululemon athletica from $297.00 to $290.00 and set a "buy" rating for the company in a research note on Friday, June 6th. Finally, Morgan Stanley reaffirmed an "equal weight" rating and set a $280.00 target price (down previously from $346.00) on shares of lululemon athletica in a report on Monday, June 9th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $333.57.

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.

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