lululemon athletica inc. (NASDAQ:LULU) Shares Sold by Wealth Advisory Solutions LLC

Wealth Advisory Solutions LLC decreased its holdings in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 34.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,128 shares of the apparel retailer's stock after selling 6,834 shares during the period. lululemon athletica comprises approximately 1.0% of Wealth Advisory Solutions LLC's holdings, making the stock its 28th largest position. 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 and other institutional investors have also recently modified their holdings of the stock. Narwhal Capital Management raised its stake 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 during the period. Sawgrass Asset Management LLC bought a new stake in shares of lululemon athletica during the first quarter valued at approximately $9,209,000. Bender Robert & Associates lifted its holdings in shares of lululemon athletica by 18.5% in the first quarter. Bender Robert & Associates now owns 44,961 shares of the apparel retailer's stock worth $12,727,000 after buying an additional 7,028 shares in the last quarter. Azzad Asset Management Inc. ADV bought a new position in shares of lululemon athletica during the first quarter worth $1,898,000. Finally, Boston Trust Walden Corp boosted its position in shares of 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 during the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LULU has been the subject of a number of research analyst reports. Cfra Research upgraded lululemon athletica from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st. UBS Group dropped their price target on lululemon athletica from $330.00 to $290.00 and set a "neutral" rating for the company in a research note on Friday, June 6th. TD Securities lifted their price objective on lululemon athletica from $370.00 to $373.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of lululemon athletica in a report on Friday, June 6th. Finally, Raymond James Financial reissued a "market perform" rating and issued a $430.00 target price on shares of lululemon athletica in a report on Friday, March 28th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $340.26.

lululemon athletica Trading Up 2.4%

Shares of LULU stock traded up $5.74 during trading hours on Thursday, reaching $241.63. 1,672,237 shares of the company's stock were exchanged, compared to its average volume of 2,336,578. lululemon athletica inc. has a 1 year low of $219.97 and a 1 year high of $423.32. The stock has a market cap of $28.96 billion, a PE ratio of 16.37, a PEG ratio of 2.02 and a beta of 1.17. The stock's fifty day moving average price is $275.63 and its two-hundred day moving average price is $319.36.

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 for the quarter, hitting the consensus estimate of $2.60. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the previous year, the firm earned $2.54 EPS. lululemon athletica's revenue was up 7.3% compared to the same quarter last year. On average, equities analysts expect that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Calvin Mcdonald sold 27,049 shares of the company's stock in a transaction on 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 sale, the chief executive officer directly owned 110,564 shares of the company's stock, 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

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.