lululemon athletica inc. $LULU Shares Sold by National Pension Service

Key Points

• The National Pension Service reduced its stake in lululemon athletica inc. by 1.1%, owning approximately 166,196 shares valued at $47 million after selling 1,808 shares.
• Recent analyst revisions have lowered price targets for lululemon, with Wells Fargo cutting its target from $270 to $225 and BMO Capital Markets from $302 to $250.
• lululemon reported earnings of $2.60 per share, matching analysts' expectations, with revenues increasing by 7.3% year-over-year to $2.37 billion.

National Pension Service trimmed its holdings in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 1.1% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 166,196 shares of the apparel retailer's stock after selling 1,808 shares during the quarter. National Pension Service owned about 0.14% of lululemon athletica worth $47,043,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Anderson Financial Strategies LLC bought a new position in shares of lululemon athletica during the 4th quarter valued at approximately $30,000. N.E.W. Advisory Services LLC purchased a new stake in shares of lululemon athletica during the 1st quarter worth approximately $25,000. Cornerstone Planning Group LLC raised its holdings 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 acquiring an additional 81 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in shares of lululemon athletica during the 1st quarter valued at approximately $31,000. Finally, Garde Capital Inc. bought a new position in shares of lululemon athletica during the 1st quarter valued at approximately $35,000. 85.20% of the stock is currently owned by institutional investors.

lululemon athletica Stock Performance

Shares of lululemon athletica stock traded up $5.16 during trading hours on Monday, hitting $203.62. The company's stock had a trading volume of 4,834,768 shares, compared to its average volume of 2,658,128. lululemon athletica inc. has a twelve month low of $185.95 and a twelve month high of $423.32. The firm has a fifty day moving average of $224.16 and a 200-day moving average of $284.87. The stock has a market cap of $24.40 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 1.69 and a beta of 1.16.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, meeting the consensus estimate of $2.60. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%. The company's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.54 EPS. On average, sell-side analysts expect that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

Insider Activity

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 transaction 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

LULU has been the topic of several research analyst reports. TD Securities cut their price objective on lululemon athletica from $321.00 to $298.00 and set a "buy" rating on the stock in a research report on Monday. Piper Sandler cut their price objective on lululemon athletica from $270.00 to $200.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 29th. Jefferies Financial Group dropped their price target on lululemon athletica from $220.00 to $200.00 and set an "underperform" rating on the stock in a research report on Friday, June 6th. Needham & Company LLC decreased their price objective on lululemon athletica from $366.00 to $317.00 and set a "buy" rating for the company in a research note on Friday, June 6th. Finally, Stifel Nicolaus decreased their price objective on lululemon athletica from $353.00 to $324.00 and set a "buy" rating for the company in a research note on Friday, June 6th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $322.84.

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.