Raiffeisen Bank International AG Sells 34,165 Shares of lululemon athletica inc. (NASDAQ:LULU)

Key Points

• Raiffeisen Bank International AG has reduced its stake in lululemon athletica by 28.8%, now owning 84,459 shares valued at approximately $24.75 million.
• Analyst ratings on lululemon athletica are mixed, with one analyst rating the stock as a sell, while major firms like UBS, Barclays, and Needham have adjusted their target prices downwards.
• In a recent transaction, CEO Calvin McDonald sold 27,049 shares of the company's stock, reducing his ownership by nearly 20% and bringing his total stake to around 110,564 shares.

Raiffeisen Bank International AG lessened its stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 28.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 84,459 shares of the apparel retailer's stock after selling 34,165 shares during the period. Raiffeisen Bank International AG owned about 0.07% of lululemon athletica worth $24,752,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Dnca Finance boosted its stake in lululemon athletica by 15.1% in the 4th quarter. Dnca Finance now owns 198 shares of the apparel retailer's stock worth $76,000 after purchasing an additional 26 shares during the period. Lido Advisors LLC lifted its holdings in shares of lululemon athletica by 1.9% in the fourth quarter. Lido Advisors LLC now owns 1,748 shares of the apparel retailer's stock valued at $668,000 after purchasing an additional 32 shares in the last quarter. Belpointe Asset Management LLC boosted its position in shares of lululemon athletica by 0.6% during the fourth quarter. Belpointe Asset Management LLC now owns 6,138 shares of the apparel retailer's stock worth $2,347,000 after buying an additional 36 shares during the period. Colonial Trust Co SC boosted its position in shares of lululemon athletica by 2.1% during the fourth quarter. Colonial Trust Co SC now owns 1,737 shares of the apparel retailer's stock worth $664,000 after buying an additional 36 shares during the period. Finally, Carolinas Wealth Consulting LLC grew its holdings in shares of lululemon athletica by 30.7% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 166 shares of the apparel retailer's stock worth $63,000 after buying an additional 39 shares in the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Calvin Mcdonald sold 27,049 shares of the company'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 completion of the sale, the chief executive officer owned 110,564 shares in the company, valued at approximately $26,058,829.16. This represents a 19.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.54% of the stock is currently owned by insiders.

lululemon athletica Stock Down 0.1%

LULU traded down $0.21 during trading on Tuesday, hitting $196.25. 831,573 shares of the company's stock were exchanged, compared to its average volume of 2,590,203. The stock has a market cap of $23.52 billion, a P/E ratio of 13.29, a PEG ratio of 1.65 and a beta of 1.16. The business's 50 day moving average is $246.38 and its two-hundred day moving average is $297.57. lululemon athletica inc. has a fifty-two week low of $191.44 and a fifty-two week high of $423.32.

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

Wall Street Analyst Weigh In

LULU has been the subject of several research reports. The Goldman Sachs Group decreased their price target on shares of lululemon athletica from $363.00 to $302.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Bank of America dropped their target price on lululemon athletica from $400.00 to $370.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Wells Fargo & Company dropped their price objective on lululemon athletica from $270.00 to $225.00 and set an "equal weight" rating on the stock in a research note on Monday. Citigroup reduced their price objective on lululemon athletica from $325.00 to $270.00 and set a "neutral" rating for the company in a report on Friday, June 6th. Finally, JPMorgan Chase & Co. downgraded shares of lululemon athletica from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $303.00 to $224.00 in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $332.02.

lululemon athletica 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.