D.A. Davidson & CO. Cuts Holdings in lululemon athletica inc. (NASDAQ:LULU)

D.A. Davidson & CO. lessened its stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 62.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,257 shares of the apparel retailer's stock after selling 2,059 shares during the period. D.A. Davidson & CO.'s holdings in lululemon athletica were worth $356,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Brighton Jones LLC bought a new stake in shares of lululemon athletica in the 4th quarter worth approximately $429,000. Proficio Capital Partners LLC bought a new stake in shares of lululemon athletica in the 4th quarter worth approximately $35,389,000. Johnson Investment Counsel Inc. bought a new stake in shares of lululemon athletica in the 4th quarter worth approximately $250,000. Citizens Financial Group Inc. RI lifted its holdings in shares of lululemon athletica by 6.9% in the 4th quarter. Citizens Financial Group Inc. RI now owns 1,087 shares of the apparel retailer's stock worth $416,000 after acquiring an additional 70 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of lululemon athletica by 7.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 593 shares of the apparel retailer's stock worth $227,000 after acquiring an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company's stock.

lululemon athletica Stock Performance

Shares of LULU stock opened at $236.51 on Friday. lululemon athletica inc. has a one year low of $219.97 and a one year high of $423.32. The company's 50-day moving average is $274.21 and its 200 day moving average is $317.33. The company has a market capitalization of $28.35 billion, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 2.02 and a beta of 1.17.

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

Analysts Set New Price Targets

LULU has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their price objective on shares of lululemon athletica from $389.00 to $303.00 and set an "overweight" rating for the company in a report on Friday, June 6th. Morgan Stanley reiterated an "equal weight" rating and set a $280.00 price target (down from $346.00) on shares of lululemon athletica in a report on Monday, June 9th. Robert W. Baird dropped their price target on shares of lululemon athletica from $350.00 to $340.00 and set an "outperform" rating for the company in a research report on Friday, June 6th. Evercore ISI increased their price target on shares of lululemon athletica from $320.00 to $400.00 and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. Finally, KeyCorp dropped their price target on shares of lululemon athletica from $400.00 to $350.00 and set an "overweight" rating for the company in a research report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, lululemon athletica currently has an average rating of "Moderate Buy" and an average price target of $340.26.

Insider Transactions at lululemon athletica

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

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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