lululemon athletica inc. (NASDAQ:LULU) CEO Calvin Mcdonald Sells 27,049 Shares

lululemon athletica inc. (NASDAQ:LULU - Get Free Report) CEO Calvin Mcdonald sold 27,049 shares of the firm'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 transaction of $6,375,178.81. Following the completion of the transaction, the chief executive officer directly owned 110,564 shares in the company, valued at approximately $26,058,829.16. The trade was a 19.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

lululemon athletica Stock Performance

Shares of NASDAQ:LULU traded up $1.18 on Wednesday, reaching $246.30. The company's stock had a trading volume of 5,341,121 shares, compared to its average volume of 2,320,199. The company has a 50-day simple moving average of $278.86 and a 200 day simple moving average of $324.71. The company has a market cap of $29.52 billion, a P/E ratio of 16.69, a PEG ratio of 2.08 and a beta of 1.17. lululemon athletica inc. has a 52-week low of $219.97 and a 52-week high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.60. The business had revenue of $2.37 billion for 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 period in the prior year, the business posted $2.54 earnings per share. On average, equities research analysts forecast that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Analysts Set New Price Targets

LULU has been the topic of several analyst reports. BTIG Research lowered their target price on lululemon athletica from $420.00 to $405.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. Raymond James Financial reaffirmed a "market perform" rating and issued a $430.00 price objective on shares of lululemon athletica in a research note on Friday, March 28th. 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 report on Friday, June 6th. Robert W. Baird cut their price objective on lululemon athletica from $350.00 to $340.00 and set an "outperform" rating for the company in a research note on Friday, June 6th. Finally, Wells Fargo & Company reissued an "equal weight" rating on shares of lululemon athletica in a report on Friday, June 6th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $340.26.

Institutional Trading of lululemon athletica

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TCTC Holdings LLC bought a new position in shares of lululemon athletica during the fourth quarter valued at approximately $26,000. Anderson Financial Strategies LLC bought a new position in lululemon athletica in the 4th quarter valued at $30,000. N.E.W. Advisory Services LLC purchased a new stake in lululemon athletica in the first quarter worth $25,000. MV Capital Management Inc. increased 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 worth $36,000 after purchasing an additional 37 shares during the period. Finally, Cornerstone Planning Group LLC lifted its position in shares of lululemon athletica by 506.3% during the first quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock worth $26,000 after purchasing an additional 81 shares during the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

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.