Forsta AP Fonden Purchases 2,400 Shares of lululemon athletica inc. (NASDAQ:LULU)

Key Points

• Forsta AP Fonden has increased its stake in lululemon athletica by 6.6% in the first quarter, now owning a total of 38,500 shares valued at approximately $10.9 million.
• Recent analyst ratings for lululemon athletica reveal a consensus of one sell, thirteen holds, and sixteen buys, with an average price target of $329.91.
• In a recent transaction, CEO Calvin McDonald sold 27,049 shares for over $6.37 million, reducing his ownership by 19.66%.

Forsta AP Fonden increased its stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 6.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,500 shares of the apparel retailer's stock after acquiring an additional 2,400 shares during the period. Forsta AP Fonden's holdings in lululemon athletica were worth $10,898,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. N.E.W. Advisory Services LLC acquired a new stake in shares of lululemon athletica during the first quarter worth $25,000. Cornerstone Planning Group LLC increased its stake in shares of lululemon athletica by 506.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock worth $26,000 after purchasing an additional 81 shares during the last quarter. Anderson Financial Strategies LLC acquired a new position in shares of lululemon athletica during the 4th quarter worth about $30,000. Garde Capital Inc. acquired a new position in shares of lululemon athletica during the 1st quarter worth about $35,000. Finally, CENTRAL TRUST Co grew its stake in lululemon athletica by 154.9% in the 1st quarter. CENTRAL TRUST Co now owns 130 shares of the apparel retailer's stock valued at $37,000 after buying an additional 79 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LULU. Jefferies Financial Group decreased their price target on shares of lululemon athletica from $220.00 to $200.00 and set an "underperform" rating on the stock in a research note on Friday, June 6th. Citigroup cut their price target on shares of lululemon athletica from $325.00 to $270.00 and set a "neutral" rating for the company in a report on Friday, June 6th. Robert W. Baird cut their price target on shares of lululemon athletica from $350.00 to $340.00 and set an "outperform" rating for the company in a report on Friday, June 6th. CICC Research reiterated a "market perform" rating and set a $280.49 price objective on shares of lululemon athletica in a research report on Monday, June 9th. Finally, Stifel Nicolaus lowered their price objective on shares of lululemon athletica from $353.00 to $324.00 and set a "buy" rating for the company in a research report on Friday, June 6th. One equities 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $329.91.

lululemon athletica Trading Down 0.9%

lululemon athletica stock opened at $189.43 on Friday. The firm's fifty day moving average price is $236.47 and its two-hundred day moving average price is $293.03. lululemon athletica inc. has a 1-year low of $186.52 and a 1-year high of $423.32. The firm has a market capitalization of $22.70 billion, a price-to-earnings ratio of 12.83, a price-to-earnings-growth ratio of 1.61 and a beta of 1.16.

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 analysts' consensus estimates 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 analyst estimates of $2.36 billion. During the same period last year, the firm earned $2.54 earnings per share. The firm's revenue was up 7.3% on a year-over-year basis. On average, research analysts forecast that lululemon athletica inc. will post 14.36 EPS for the current year.

Insider Transactions at lululemon athletica

In related news, CEO Calvin Mcdonald sold 27,049 shares of the firm'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 completion of the sale, the chief executive officer owned 110,564 shares in the company, valued at approximately $26,058,829.16. This trade represents a 19.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.54% of the company's stock.

lululemon athletica Company 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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