Stratos Wealth Advisors LLC Trims Stake in lululemon athletica inc. (NASDAQ:LULU)

Stratos Wealth Advisors LLC decreased its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 16.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,275 shares of the apparel retailer's stock after selling 1,063 shares during the period. Stratos Wealth Advisors LLC's holdings in lululemon athletica were worth $1,493,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Narwhal Capital Management increased its holdings in lululemon athletica by 262.7% during the 1st quarter. Narwhal Capital Management now owns 18,777 shares of the apparel retailer's stock valued at $5,315,000 after purchasing an additional 13,600 shares in the last quarter. Sawgrass Asset Management LLC bought a new position in shares of lululemon athletica in the 1st quarter worth $9,209,000. Bender Robert & Associates lifted its holdings in lululemon athletica by 18.5% during the first quarter. Bender Robert & Associates now owns 44,961 shares of the apparel retailer's stock worth $12,727,000 after acquiring an additional 7,028 shares in the last quarter. Azzad Asset Management Inc. ADV bought a new position in lululemon athletica during the first quarter worth about $1,898,000. Finally, Boston Trust Walden Corp lifted its holdings in lululemon athletica by 3.8% during the first quarter. Boston Trust Walden Corp now owns 146,630 shares of the apparel retailer's stock worth $41,505,000 after acquiring an additional 5,363 shares in the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

lululemon athletica Price Performance

Shares of NASDAQ LULU traded down $2.65 during midday trading on Wednesday, reaching $235.89. The company's stock had a trading volume of 3,228,850 shares, compared to its average volume of 2,337,650. lululemon athletica inc. has a 12-month low of $219.97 and a 12-month high of $423.32. The firm has a 50 day moving average price of $276.33 and a 200-day moving average price of $319.94. The stock has a market capitalization of $28.27 billion, a P/E ratio of 15.98, a PEG ratio of 2.01 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 analysts' consensus estimates of $2.60. The company 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%. lululemon athletica's revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.54 EPS. On average, equities analysts predict that lululemon athletica inc. will post 14.36 EPS for the current year.

Insider Activity at lululemon athletica

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the business's stock in a transaction 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 sale, the chief executive officer owned 110,564 shares of the company's stock, valued at $26,058,829.16. The trade was a 19.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

LULU has been the topic of several recent research reports. Needham & Company LLC dropped their price target on lululemon athletica from $366.00 to $317.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. The Goldman Sachs Group reduced their price target on lululemon athletica from $363.00 to $302.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Raymond James Financial reiterated a "market perform" rating and set a $430.00 price target on shares of lululemon athletica in a report on Friday, March 28th. William Blair reiterated an "outperform" rating on shares of lululemon athletica in a research report on Thursday, April 3rd. Finally, CICC Research reiterated a "market perform" rating and issued a $280.49 price target on shares of lululemon athletica in a research note on Monday, June 9th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $340.26.

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.