Whittier Trust Co. Cuts Stock Holdings in lululemon athletica inc. (NASDAQ:LULU)

Whittier Trust Co. lessened its holdings in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 24.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,947 shares of the apparel retailer's stock after selling 6,327 shares during the quarter. Whittier Trust Co.'s holdings in lululemon athletica were worth $5,646,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. TCTC Holdings LLC bought a new stake in shares of lululemon athletica in the 4th quarter worth $26,000. Cornerstone Planning Group LLC increased its stake in lululemon athletica by 506.3% during the first quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock valued at $26,000 after acquiring an additional 81 shares during the period. Anderson Financial Strategies LLC acquired a new position in shares of lululemon athletica in the 4th quarter worth approximately $30,000. Garde Capital Inc. bought a new stake in lululemon athletica during the 1st quarter worth approximately $35,000. Finally, MV Capital Management Inc. boosted its position in lululemon athletica by 66.1% in the 4th 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. Institutional investors and hedge funds own 85.20% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on LULU shares. Argus downgraded lululemon athletica from a "buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Cfra Research raised shares of lululemon athletica from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st. Bank of America dropped their price target on shares of lululemon athletica from $400.00 to $370.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. William Blair reiterated an "outperform" rating on shares of lululemon athletica in a research note on Thursday, April 3rd. Finally, UBS Group lowered their price objective on lululemon athletica from $330.00 to $290.00 and set a "neutral" rating on the stock in a research report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, twelve have issued 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 company has an average rating of "Moderate Buy" and an average price target of $340.26.

Insiders Place Their Bets

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the firm'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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is owned by corporate insiders.

lululemon athletica Stock Performance

Shares of NASDAQ:LULU traded down $3.73 on Friday, hitting $229.58. 825,674 shares of the company's stock were exchanged, compared to its average volume of 2,362,278. lululemon athletica inc. has a 1-year low of $219.97 and a 1-year high of $423.32. The company has a market capitalization of $27.52 billion, a PE ratio of 15.55, a P/E/G ratio of 1.92 and a beta of 1.17. The firm's 50-day moving average is $270.27 and its 200 day moving average is $312.97.

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

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.