Wealth Advisory Solutions LLC lessened its holdings in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 34.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,128 shares of the apparel retailer's stock after selling 6,834 shares during the quarter. lululemon athletica makes up 1.0% of Wealth Advisory Solutions LLC's holdings, making the stock its 28th largest holding. Wealth Advisory Solutions LLC's holdings in lululemon athletica were worth $3,716,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of LULU. TCTC Holdings LLC purchased a new stake in lululemon athletica in the fourth quarter valued at about $26,000. Anderson Financial Strategies LLC purchased a new stake in lululemon athletica in the fourth quarter valued at about $30,000. MV Capital Management Inc. raised its stake in lululemon athletica by 66.1% in the fourth quarter. MV Capital Management Inc. now owns 93 shares of the apparel retailer's stock valued at $36,000 after buying an additional 37 shares during the last quarter. Cornerstone Planning Group LLC raised its stake in lululemon athletica by 506.3% in the first quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock valued at $26,000 after buying an additional 81 shares during the last quarter. Finally, Garde Capital Inc. purchased a new stake in lululemon athletica in the first quarter valued at about $35,000. Institutional investors own 85.20% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. Barclays cut their price objective on lululemon athletica from $276.00 to $270.00 and set an "equal weight" rating on the stock in a report on Monday, June 9th. BMO Capital Markets cut their price objective on lululemon athletica from $302.00 to $250.00 and set a "market perform" rating on the stock in a report on Friday, June 6th. Stifel Nicolaus cut their price objective on lululemon athletica from $353.00 to $324.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Morgan Stanley reissued an "equal weight" rating and issued a $280.00 price objective (down from $346.00) on shares of lululemon athletica in a report on Monday, June 9th. Finally, Evercore ISI increased their price objective 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 issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $340.26.
Check Out Our Latest Report on lululemon athletica
lululemon athletica Price Performance
NASDAQ LULU traded down $2.65 on Wednesday, hitting $235.89. 3,228,850 shares of the company's stock were exchanged, compared to its average volume of 2,337,655. The firm's 50-day moving average price is $276.33 and its two-hundred day moving average price is $319.94. lululemon athletica inc. has a fifty-two week low of $219.97 and a fifty-two week high of $423.32. The firm has a market cap of $28.27 billion, a price-to-earnings ratio of 15.98, a P/E/G ratio of 2.01 and a beta of 1.17.
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 the consensus estimate 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 return on equity of 43.48% and a net margin of 16.82%. The firm's quarterly 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, research analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.
Insider Buying and Selling at lululemon athletica
In related news, CEO Calvin Mcdonald sold 27,049 shares of the company'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 value of $6,375,178.81. Following the sale, the chief executive officer owned 110,564 shares in the company, valued at $26,058,829.16. This represents a 19.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.54% of the stock is currently owned by corporate insiders.
About lululemon athletica
(
Free Report)
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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