lululemon athletica inc. (NASDAQ:LULU) Shares Sold by Wealthfront Advisers LLC

Wealthfront Advisers LLC reduced its stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 22.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,933 shares of the apparel retailer's stock after selling 1,732 shares during the period. Wealthfront Advisers LLC's holdings in lululemon athletica were worth $1,679,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted its stake in shares of lululemon athletica by 95.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer's stock worth $1,854,160,000 after purchasing an additional 2,371,079 shares during the period. Alliancebernstein L.P. lifted its position in shares of lululemon athletica by 14.9% in the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock worth $1,681,682,000 after purchasing an additional 571,657 shares during the period. Geode Capital Management LLC lifted its position in shares of lululemon athletica by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer's stock worth $947,682,000 after purchasing an additional 10,461 shares during the period. Capital World Investors lifted its position in shares of lululemon athletica by 34.6% in the 4th quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock worth $827,338,000 after purchasing an additional 556,406 shares during the period. Finally, Schroder Investment Management Group lifted its position in lululemon athletica by 31.0% during the fourth quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer's stock valued at $681,163,000 after acquiring an additional 421,890 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors.

lululemon athletica Price Performance

Shares of NASDAQ:LULU traded up $0.10 during trading on Wednesday, reaching $224.03. The company had a trading volume of 2,205,278 shares, compared to its average volume of 2,386,043. The firm has a market capitalization of $26.85 billion, a price-to-earnings ratio of 15.18, a price-to-earnings-growth ratio of 1.90 and a beta of 1.17. lululemon athletica inc. has a fifty-two week low of $219.97 and a fifty-two week high of $423.32. The stock's fifty day moving average price is $264.08 and its 200 day moving average price is $308.74.

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

Insider Buying and Selling at lululemon athletica

In other news, CEO Calvin Mcdonald sold 27,049 shares of lululemon athletica stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 110,564 shares in the company, valued at $26,058,829.16. The trade was a 19.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LULU. Piper Sandler increased their price objective on shares of lululemon athletica from $280.00 to $315.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 3rd. Cfra Research upgraded shares of lululemon athletica from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st. Truist Financial decreased their price objective on shares of lululemon athletica from $297.00 to $290.00 and set a "buy" rating on the stock in a report on Friday, June 6th. UBS Group dropped their price objective on shares of lululemon athletica from $330.00 to $290.00 and set a "neutral" rating for the company in a research note on Friday, June 6th. Finally, Stifel Nicolaus cut their price objective on shares of lululemon athletica from $353.00 to $324.00 and set a "buy" rating for the company in a report on Friday, June 6th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $337.53.

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.