lululemon athletica inc. (NASDAQ:LULU) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 2.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 248,371 shares of the apparel retailer's stock after selling 5,846 shares during the quarter. Principal Financial Group Inc. owned about 0.21% of lululemon athletica worth $70,304,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its position in shares of lululemon athletica by 95.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer's stock worth $1,854,160,000 after acquiring an additional 2,371,079 shares in the last quarter. Alliancebernstein L.P. boosted its stake in lululemon athletica by 14.9% in the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock valued at $1,681,682,000 after acquiring an additional 571,657 shares during the last quarter. Geode Capital Management LLC raised its position in shares of lululemon athletica by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer's stock valued at $947,682,000 after purchasing an additional 10,461 shares during the period. Capital World Investors raised its position in shares of lululemon athletica by 34.6% in the fourth quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock valued at $827,338,000 after purchasing an additional 556,406 shares during the period. Finally, Schroder Investment Management Group raised its position in shares of lululemon athletica by 31.0% in the fourth quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer's stock valued at $681,163,000 after purchasing an additional 421,890 shares during the period. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on LULU shares. Evercore ISI increased their price target on shares of lululemon athletica from $320.00 to $400.00 and gave the stock an "outperform" rating in a report on Tuesday, June 3rd. Piper Sandler upped their price objective on shares of lululemon athletica from $280.00 to $315.00 and gave the company a "neutral" rating in a research note on Tuesday, June 3rd. BMO Capital Markets dropped their price target on shares of lululemon athletica from $302.00 to $250.00 and set a "market perform" rating for the company in a research report on Friday, June 6th. Barclays decreased their price target on shares of lululemon athletica from $276.00 to $270.00 and set an "equal weight" rating for the company in a research note on Monday, June 9th. Finally, Truist Financial reduced their price objective on shares of lululemon athletica from $297.00 to $290.00 and set a "buy" rating for the company in a research note on Friday, June 6th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $340.26.

Insider Transactions at lululemon athletica

In related news, CEO Calvin Mcdonald sold 27,049 shares of the business's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $235.69, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.54% of the company's stock.

lululemon athletica Stock Performance

Shares of NASDAQ LULU traded down $8.56 during trading on Monday, hitting $239.13. 800,687 shares of the company were exchanged, compared to its average volume of 2,322,346. lululemon athletica inc. has a 12-month low of $219.97 and a 12-month high of $423.32. The company has a fifty day moving average price of $277.60 and a 200-day moving average price of $321.50. The firm has a market capitalization of $28.66 billion, a PE ratio of 16.23, a P/E/G ratio of 2.10 and a beta of 1.17.

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. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%. The business had revenue of $2.37 billion for 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 company's quarterly revenue was up 7.3% compared to the same quarter last year. Research analysts anticipate that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

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.