Principal Financial Group Inc. Sells 5,846 Shares of lululemon athletica inc. (NASDAQ:LULU)

Principal Financial Group Inc. lowered its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 2.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 248,371 shares of the apparel retailer's stock after selling 5,846 shares during the period. Principal Financial Group Inc. owned 0.21% of lululemon athletica worth $70,304,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TCTC Holdings LLC acquired a new position in shares of lululemon athletica during the 4th quarter valued at $26,000. Anderson Financial Strategies LLC acquired a new position in lululemon athletica during the fourth quarter worth $30,000. Garde Capital Inc. bought a new stake in shares of lululemon athletica in the 1st quarter worth $35,000. MV Capital Management Inc. grew its stake in shares of lululemon athletica by 66.1% in the 4th quarter. MV Capital Management Inc. now owns 93 shares of the apparel retailer's stock worth $36,000 after acquiring an additional 37 shares in the last quarter. Finally, CENTRAL TRUST Co grew its stake in shares of lululemon athletica by 154.9% in the 1st quarter. CENTRAL TRUST Co now owns 130 shares of the apparel retailer's stock worth $37,000 after acquiring an additional 79 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

lululemon athletica Stock Performance

LULU traded up $1.41 on Friday, reaching $247.71. The company had a trading volume of 1,646,311 shares, compared to its average volume of 2,327,668. The business has a 50 day simple moving average of $277.60 and a 200 day simple moving average of $321.86. The company has a market cap of $29.69 billion, a price-to-earnings ratio of 16.78, a P/E/G ratio of 2.10 and a beta of 1.17. lululemon athletica inc. has a 52-week low of $219.97 and a 52-week high of $423.32.

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

Insider Activity at lululemon athletica

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of lululemon athletica stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 110,564 shares of the company's stock, valued at approximately $26,058,829.16. This trade represents a 19.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.54% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LULU. Robert W. Baird reduced their target price on shares of lululemon athletica from $350.00 to $340.00 and set an "outperform" rating for the company in a research note on Friday, June 6th. TD Securities increased their price target 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. Jefferies Financial Group reduced their price target on shares of lululemon athletica from $220.00 to $200.00 and set an "underperform" rating for the company in a research report on Friday, June 6th. Bank of America reduced their price target on shares of lululemon athletica from $400.00 to $370.00 and set a "buy" rating for the company in a research report on Friday, June 6th. Finally, CICC Research restated a "market perform" rating and set a $280.49 price target on shares of lululemon athletica in a research report on Monday, June 9th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, lululemon athletica presently has an average rating of "Moderate Buy" and a consensus target price of $340.26.

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.