lululemon athletica inc. (NASDAQ:LULU) Shares Sold by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC trimmed its position in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 12.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,640 shares of the apparel retailer's stock after selling 4,661 shares during the period. Alpha Cubed Investments LLC's holdings in lululemon athletica were worth $8,956,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Interchange Capital Partners LLC purchased a new stake in lululemon athletica in the 1st quarter valued at about $328,000. Crossmark Global Holdings Inc. boosted its position in lululemon athletica by 15.5% in the 1st quarter. Crossmark Global Holdings Inc. now owns 3,279 shares of the apparel retailer's stock valued at $928,000 after buying an additional 441 shares during the period. TD Private Client Wealth LLC boosted its position in lululemon athletica by 44.5% in the 1st quarter. TD Private Client Wealth LLC now owns 1,536 shares of the apparel retailer's stock valued at $435,000 after buying an additional 473 shares during the period. Envestnet Asset Management Inc. boosted its position in lululemon athletica by 6.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 135,939 shares of the apparel retailer's stock valued at $38,479,000 after buying an additional 7,890 shares during the period. Finally, Cloud Capital Management LLC purchased a new stake in lululemon athletica in the 1st quarter valued at about $71,000. 85.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LULU has been the subject of several research reports. Cfra Research raised shares of lululemon athletica from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st. TD Securities boosted their price objective on shares of lululemon athletica from $370.00 to $373.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Truist Financial lowered their price target on shares of lululemon athletica from $297.00 to $290.00 and set a "buy" rating for the company in a research report on Friday, June 6th. Piper Sandler upped their price target on shares of lululemon athletica from $280.00 to $315.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 3rd. Finally, Morgan Stanley reaffirmed an "equal weight" rating and issued a $280.00 price target (down previously from $346.00) on shares of lululemon athletica in a research report on Monday, June 9th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, lululemon athletica currently has a consensus rating of "Moderate Buy" and a consensus price target of $340.26.

Insider Buying and Selling at lululemon athletica

In other news, CEO Calvin Mcdonald sold 27,049 shares of the stock in a transaction on Friday, June 27th. The shares were sold at an average price of $235.69, for a total value of $6,375,178.81. Following the sale, the chief executive officer owned 110,564 shares in the company, valued at $26,058,829.16. This represents a 19.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is owned by insiders.

lululemon athletica Price Performance

lululemon athletica stock traded down $4.64 during mid-day trading on Wednesday, reaching $233.90. 2,091,996 shares of the company traded hands, compared to its average volume of 2,333,359. lululemon athletica inc. has a fifty-two week low of $219.97 and a fifty-two week high of $423.32. The company has a market capitalization of $28.03 billion, a price-to-earnings ratio of 15.84, a price-to-earnings-growth ratio of 2.01 and a beta of 1.17. The firm's fifty day moving average is $276.33 and its two-hundred day moving average is $319.94.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued 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. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the prior year, the business posted $2.54 EPS. lululemon athletica's revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, equities research analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current year.

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.