Stratos Wealth Advisors LLC Sells 1,063 Shares of lululemon athletica inc. (NASDAQ:LULU)

Stratos Wealth Advisors LLC lessened its stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 16.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,275 shares of the apparel retailer's stock after selling 1,063 shares during the quarter. Stratos Wealth Advisors LLC's holdings in lululemon athletica were worth $1,493,000 at the end of the most recent reporting period.

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

lululemon athletica Stock Performance

LULU traded down $2.01 during midday trading on Friday, reaching $236.51. 1,666,312 shares of the company were exchanged, compared to its average volume of 2,342,237. The stock has a market capitalization of $28.35 billion, a P/E ratio of 16.02, a PEG ratio of 2.00 and a beta of 1.17. The stock's 50-day simple moving average is $274.21 and its 200 day simple moving average is $316.85. lululemon athletica inc. has a one year low of $219.97 and a one year 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 earnings per share for the quarter, hitting the consensus estimate of $2.60. The firm 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 business's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.54 EPS. On average, research analysts anticipate that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Insider Buying and Selling at lululemon athletica

In related news, CEO Calvin Mcdonald sold 27,049 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 110,564 shares of the company's stock, valued at approximately $26,058,829.16. The trade was a 19.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on LULU shares. BTIG Research dropped their price objective on shares of lululemon athletica from $420.00 to $405.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. William Blair reissued an "outperform" rating on shares of lululemon athletica in a report on Thursday, April 3rd. BMO Capital Markets reduced their price objective on shares of lululemon athletica from $302.00 to $250.00 and set a "market perform" rating for the company in a report on Friday, June 6th. Bank of America cut their price objective on lululemon athletica from $400.00 to $370.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Finally, Evercore ISI upped their target price on lululemon athletica from $320.00 to $400.00 and gave the company an "outperform" rating in a report on Tuesday, June 3rd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently 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.