Trillium Asset Management LLC Sells 4,328 Shares of lululemon athletica inc. (NASDAQ:LULU)

Key Points

• Trillium Asset Management LLC reduced its stake in lululemon athletica by 3.7%, now holding approximately 114,013 shares valued at $32.27 million as of the recent SEC filing.
• Analysts have mixed views on lululemon athletica, with target prices ranging from $200 to $405, resulting in a consensus rating of "Moderate Buy."
• CEO Calvin McDonald sold over 27,000 shares for about $6.38 million, resulting in a 19.66% decrease in his position within the company.

Trillium Asset Management LLC trimmed its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 3.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,013 shares of the apparel retailer's stock after selling 4,328 shares during the quarter. Trillium Asset Management LLC owned 0.09% of lululemon athletica worth $32,273,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board grew its holdings in lululemon athletica by 7.4% in the 1st quarter. Public Sector Pension Investment Board now owns 15,367 shares of the apparel retailer's stock valued at $4,350,000 after buying an additional 1,065 shares in the last quarter. Meridian Wealth Management LLC grew its holdings in lululemon athletica by 41.2% in the 1st quarter. Meridian Wealth Management LLC now owns 4,173 shares of the apparel retailer's stock valued at $1,181,000 after buying an additional 1,217 shares in the last quarter. Independent Advisor Alliance lifted its position in shares of lululemon athletica by 1.7% during the 1st quarter. Independent Advisor Alliance now owns 3,018 shares of the apparel retailer's stock valued at $854,000 after acquiring an additional 50 shares during the period. SouthState Corp bought a new stake in shares of lululemon athletica during the 1st quarter valued at $48,000. Finally, Nuveen LLC bought a new stake in shares of lululemon athletica during the 1st quarter valued at $123,894,000. 85.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. CICC Research reiterated a "market perform" rating and set a $280.49 target price on shares of lululemon athletica in a research report on Monday, June 9th. UBS Group cut their target price on lululemon athletica from $330.00 to $290.00 and set a "neutral" rating for the company in a research report on Friday, June 6th. Robert W. Baird cut their target price on lululemon athletica from $340.00 to $260.00 and set an "outperform" rating for the company in a research report on Monday. Needham & Company LLC cut their target price on lululemon athletica from $366.00 to $317.00 and set a "buy" rating for the company in a research report on Friday, June 6th. Finally, The Goldman Sachs Group dropped their price objective on lululemon athletica from $363.00 to $302.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $327.15.

lululemon athletica Stock Performance

NASDAQ:LULU traded down $5.30 during trading on Thursday, reaching $195.19. The company's stock had a trading volume of 4,034,136 shares, compared to its average volume of 2,634,467. The firm has a market cap of $23.39 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 1.64 and a beta of 1.16. The firm has a 50 day moving average of $228.21 and a 200-day moving average of $289.57. lululemon athletica inc. has a 12 month low of $185.95 and a 12 month high of $423.32.

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

Insider Activity

In related news, CEO Calvin Mcdonald sold 27,049 shares of the business's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the sale, the chief executive officer directly owned 110,564 shares in the company, valued at approximately $26,058,829.16. The trade was a 19.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.