SBI Securities Co. Ltd. Sells 6,228 Shares of lululemon athletica inc. (NASDAQ:LULU)

SBI Securities Co. Ltd. decreased its position in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 69.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,802 shares of the apparel retailer's stock after selling 6,228 shares during the quarter. SBI Securities Co. Ltd.'s holdings in lululemon athletica were worth $793,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Narwhal Capital Management grew its holdings in lululemon athletica by 262.7% during the first quarter. Narwhal Capital Management now owns 18,777 shares of the apparel retailer's stock worth $5,315,000 after buying an additional 13,600 shares in the last quarter. Sawgrass Asset Management LLC bought a new stake in lululemon athletica during the first quarter worth $9,209,000. Flossbach Von Storch SE grew its holdings in lululemon athletica by 10.3% during the first quarter. Flossbach Von Storch SE now owns 1,401,885 shares of the apparel retailer's stock worth $396,818,000 after buying an additional 130,565 shares in the last quarter. Bender Robert & Associates grew its holdings in lululemon athletica by 18.5% during the first quarter. Bender Robert & Associates now owns 44,961 shares of the apparel retailer's stock worth $12,727,000 after buying an additional 7,028 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV bought a new stake in lululemon athletica during the first quarter worth $1,898,000. Institutional investors own 85.20% of the company's stock.

Analyst Ratings Changes

LULU has been the topic of several research analyst reports. Telsey Advisory Group reissued an "outperform" rating and issued a $385.00 price objective on shares of lululemon athletica in a research report on Monday, June 2nd. William Blair reissued an "outperform" rating on shares of lululemon athletica in a research report on Thursday, April 3rd. The Goldman Sachs Group cut their price objective on lululemon athletica from $363.00 to $302.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Cfra Research raised lululemon athletica from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st. Finally, TD Securities boosted their price objective on lululemon athletica from $370.00 to $373.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $340.26.

lululemon athletica Stock Down 1.5%

LULU traded down $3.54 during trading on Friday, reaching $229.77. 2,549,354 shares of the company were exchanged, compared to its average volume of 2,370,319. The company's 50-day moving average is $269.27 and its two-hundred day moving average is $311.92. The company has a market cap of $27.54 billion, a price-to-earnings ratio of 15.57, a P/E/G ratio of 1.98 and a beta of 1.17. lululemon athletica inc. has a 12-month low of $219.97 and a 12-month high of $423.32.

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

Insiders Place Their Bets

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 stock was sold at an average price of $235.69, for a total value of $6,375,178.81. Following the transaction, the chief executive officer directly owned 110,564 shares in the company, valued at $26,058,829.16. This represents a 19.66% decrease in their position. 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 owned by corporate insiders.

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.