Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by National Bank of Canada FI

National Bank of Canada FI decreased its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 54.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 109,314 shares of the apparel retailer's stock after selling 132,289 shares during the quarter. National Bank of Canada FI owned about 0.09% of Lululemon Athletica worth $55,234,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Valley National Advisers Inc. increased its position in Lululemon Athletica by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer's stock worth $25,000 after buying an additional 42 shares during the last quarter. Milestone Investment Advisors LLC acquired a new stake in shares of Lululemon Athletica during the third quarter worth $27,000. Bogart Wealth LLC boosted its position in shares of Lululemon Athletica by 270.0% in the third quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer's stock valued at $29,000 after acquiring an additional 54 shares during the period. Morton Brown Family Wealth LLC acquired a new position in shares of Lululemon Athletica in the fourth quarter valued at about $31,000. Finally, Farmers & Merchants Investments Inc. bought a new position in Lululemon Athletica during the fourth quarter worth about $40,000. Institutional investors own 85.20% of the company's stock.

Lululemon Athletica Price Performance

Shares of LULU stock traded up $4.35 during trading hours on Friday, reaching $355.15. The company had a trading volume of 1,257,860 shares, compared to its average volume of 1,878,894. The business has a fifty day simple moving average of $401.25 and a 200-day simple moving average of $437.74. Lululemon Athletica Inc. has a 12 month low of $326.93 and a 12 month high of $516.39. The company has a market cap of $44.75 billion, a price-to-earnings ratio of 29.09, a price-to-earnings-growth ratio of 1.25 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, topping analysts' consensus estimates of $5.00 by $0.29. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same period last year, the company posted $4.40 earnings per share. Lululemon Athletica's quarterly revenue was up 15.6% compared to the same quarter last year. On average, equities research analysts expect that Lululemon Athletica Inc. will post 14.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on LULU shares. Barclays lowered shares of Lululemon Athletica from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $546.00 to $395.00 in a research report on Monday, April 29th. JPMorgan Chase & Co. dropped their price objective on Lululemon Athletica from $531.00 to $509.00 and set an "overweight" rating for the company in a report on Friday, March 22nd. Sanford C. Bernstein reduced their target price on Lululemon Athletica from $430.00 to $384.00 and set a "market perform" rating on the stock in a report on Friday, April 26th. Jefferies Financial Group decreased their price target on Lululemon Athletica from $300.00 to $240.00 and set an "underperform" rating on the stock in a research report on Thursday, April 4th. Finally, Guggenheim cut their price objective on shares of Lululemon Athletica from $550.00 to $525.00 and set a "buy" rating for the company in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $476.57.

Insider Activity

In other Lululemon Athletica news, Director Martha A. M. Morfitt purchased 700 shares of the stock in a transaction dated Tuesday, March 26th. The shares were bought at an average price of $389.29 per share, with a total value of $272,503.00. Following the completion of the transaction, the director now directly owns 500 shares in the company, valued at approximately $194,645. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.54% of the company's stock.

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.