lululemon athletica inc. (NASDAQ:LULU) Shares Sold by Meeder Asset Management Inc.

Key Points

• Meeder Asset Management Inc. significantly reduced its stake in lululemon athletica by 90.2%, selling 13,389 shares and now holding only 1,447 shares valued at approximately $410,000.
• The stock has shown a recent opening price of $214.04, with a market cap of $25.65 billion and a P/E ratio of 14.50, reflecting its performance indicators.
• Multiple institutional investors made significant stock moves in the fourth quarter, including Norges Bank, which acquired a new position worth $142.2 million in lululemon athletica.

Meeder Asset Management Inc. decreased its stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 90.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,447 shares of the apparel retailer's stock after selling 13,389 shares during the quarter. Meeder Asset Management Inc.'s holdings in lululemon athletica were worth $410,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dnca Finance boosted its holdings in shares of lululemon athletica by 15.1% in the 4th quarter. Dnca Finance now owns 198 shares of the apparel retailer's stock valued at $76,000 after buying an additional 26 shares in the last quarter. Lido Advisors LLC boosted its holdings in shares of lululemon athletica by 1.9% in the 4th quarter. Lido Advisors LLC now owns 1,748 shares of the apparel retailer's stock valued at $668,000 after buying an additional 32 shares in the last quarter. Belpointe Asset Management LLC boosted its holdings in shares of lululemon athletica by 0.6% in the 4th quarter. Belpointe Asset Management LLC now owns 6,138 shares of the apparel retailer's stock valued at $2,347,000 after buying an additional 36 shares in the last quarter. Colonial Trust Co SC boosted its holdings in shares of lululemon athletica by 2.1% in the 4th quarter. Colonial Trust Co SC now owns 1,737 shares of the apparel retailer's stock valued at $664,000 after buying an additional 36 shares in the last quarter. Finally, Carolinas Wealth Consulting LLC boosted its holdings in shares of lululemon athletica by 30.7% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 166 shares of the apparel retailer's stock valued at $63,000 after buying an additional 39 shares in the last quarter. Institutional investors own 85.20% of the company's stock.

Insider Transactions at lululemon athletica

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of lululemon athletica stock in a transaction on 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 sale, the chief executive officer owned 110,564 shares of the company's stock, valued at $26,058,829.16. The trade was a 19.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.54% of the stock is currently owned by company insiders.

lululemon athletica Price Performance

NASDAQ LULU traded down $7.20 on Friday, hitting $193.33. The company had a trading volume of 4,678,061 shares, compared to its average volume of 3,116,957. The company has a market capitalization of $23.17 billion, a PE ratio of 13.10, a PEG ratio of 1.65 and a beta of 1.16. The company's fifty day moving average price is $248.66 and its 200-day moving average price is $298.81. lululemon athletica inc. has a 12-month low of $191.44 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, hitting 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 during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the firm earned $2.54 EPS. The firm's revenue was up 7.3% compared to the same quarter last year. On average, sell-side analysts anticipate that lululemon athletica inc. will post 14.36 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LULU. CICC Research restated a "market perform" rating and issued a $280.49 price target on shares of lululemon athletica in a report on Monday, June 9th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $385.00 price objective on shares of lululemon athletica in a research report on Monday, June 2nd. BTIG Research decreased their price objective on shares of lululemon athletica from $420.00 to $405.00 and set a "buy" rating for the company in a research report on Friday, June 6th. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of lululemon athletica in a research report on Friday, June 6th. Finally, TD Securities lifted their price objective on shares of lululemon athletica from $370.00 to $373.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $333.57.

About lululemon athletica

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.