Vident Advisory LLC Acquires 1,814 Shares of lululemon athletica inc. $LULU

Key Points

• Vident Advisory LLC increased its stake in lululemon athletica by 86.2% in Q1, acquiring an additional 1,814 shares, bringing its total holdings to 3,918 shares valued at approximately $1.1 million.
• Multiple research firms have downgraded their price objectives for lululemon athletica, with an average target price now at $303.83 while maintaining various ratings from "Strong Buy" to "Sell".
• CEO Calvin McDonald sold 27,049 shares of lululemon stock for about $6.375 million, resulting in a 19.66% reduction in his ownership position.

Vident Advisory LLC lifted its holdings in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 86.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,918 shares of the apparel retailer's stock after purchasing an additional 1,814 shares during the period. Vident Advisory LLC's holdings in lululemon athletica were worth $1,109,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC bought a new stake in shares of lululemon athletica in the 1st quarter valued at approximately $25,000. Cornerstone Planning Group LLC grew its stake in shares of lululemon athletica by 506.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock valued at $26,000 after purchasing an additional 81 shares during the period. Zions Bancorporation National Association UT bought a new stake in shares of lululemon athletica in the 1st quarter valued at approximately $31,000. Garde Capital Inc. bought a new stake in shares of lululemon athletica in the 1st quarter valued at approximately $35,000. 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 valued at $37,000 after purchasing an additional 79 shares during the period. 85.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LULU. KeyCorp lowered their price objective on lululemon athletica from $400.00 to $350.00 and set an "overweight" rating on the stock in a research note on Friday, June 6th. Truist Financial lowered their price objective on lululemon athletica from $297.00 to $290.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. Citigroup lowered their price objective on lululemon athletica from $270.00 to $220.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 27th. TD Securities reduced their target price on lululemon athletica from $321.00 to $298.00 and set a "buy" rating on the stock in a report on Monday, August 18th. Finally, Stifel Nicolaus reduced their target price on lululemon athletica from $353.00 to $324.00 and set a "buy" rating on the stock in a report on Friday, June 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $303.83.

lululemon athletica Stock Down 0.8%

LULU opened at $198.53 on Thursday. The company has a fifty day simple moving average of $214.49 and a 200 day simple moving average of $268.61. The stock has a market cap of $23.79 billion, a P/E ratio of 13.45, a P/E/G ratio of 1.74 and a beta of 1.12. lululemon athletica inc. has a 12 month low of $185.95 and a 12 month high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.60. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%.The firm had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.36 billion. During the same quarter in the prior year, the company earned $2.54 EPS. The company's revenue was up 7.3% on a year-over-year basis. On average, equities research analysts expect that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

Insider Transactions at lululemon athletica

In related news, CEO Calvin Mcdonald sold 27,049 shares of the firm'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 completion of the sale, the chief executive officer directly owned 110,564 shares in the company, valued at approximately $26,058,829.16. This trade represents a 19.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.54% of the company's stock.

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.

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