Lululemon Athletica Inc. (NASDAQ:LULU) Shares Sold by Blue Trust Inc.

Blue Trust Inc. reduced its holdings in Lululemon Athletica Inc. (NASDAQ:LULU) by 58.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 688 shares of the apparel retailer’s stock after selling 988 shares during the quarter. Blue Trust Inc.’s holdings in Lululemon Athletica were worth $206,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in LULU. Graypoint LLC lifted its holdings in shares of Lululemon Athletica by 5.1% during the 1st quarter. Graypoint LLC now owns 699 shares of the apparel retailer’s stock worth $273,000 after acquiring an additional 34 shares during the period. William Allan Corp raised its stake in Lululemon Athletica by 0.8% during the first quarter. William Allan Corp now owns 4,896 shares of the apparel retailer’s stock worth $1,913,000 after purchasing an additional 37 shares during the period. Bleakley Financial Group LLC boosted its holdings in shares of Lululemon Athletica by 2.1% in the 1st quarter. Bleakley Financial Group LLC now owns 1,889 shares of the apparel retailer’s stock valued at $738,000 after purchasing an additional 38 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Lululemon Athletica by 61.5% in the 2nd quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 40 shares during the last quarter. Finally, Rockline Wealth Management LLC increased its holdings in shares of Lululemon Athletica by 1.3% during the 2nd quarter. Rockline Wealth Management LLC now owns 3,314 shares of the apparel retailer’s stock worth $990,000 after buying an additional 43 shares during the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Lululemon Athletica Trading Up 1.7 %

NASDAQ LULU opened at $304.15 on Friday. The company has a 50-day moving average price of $269.24 and a two-hundred day moving average price of $294.72. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $516.39. The stock has a market cap of $38.02 billion, a price-to-earnings ratio of 24.39, a price-to-earnings-growth ratio of 2.17 and a beta of 1.25.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.22. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.41 billion. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.68 EPS. As a group, equities research analysts expect that Lululemon Athletica Inc. will post 14.02 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Calvin Mcdonald acquired 4,000 shares of Lululemon Athletica stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 89,922 shares of the company’s stock, valued at $23,379,720. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total transaction of $131,020.74. Following the transaction, the insider now directly owns 6,198 shares in the company, valued at approximately $1,670,918.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Calvin Mcdonald acquired 4,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the acquisition, the chief executive officer now owns 89,922 shares of the company’s stock, valued at approximately $23,379,720. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

LULU has been the topic of a number of research analyst reports. The Goldman Sachs Group cut Lululemon Athletica from a “buy” rating to a “neutral” rating and reduced their target price for the company from $463.00 to $286.00 in a report on Friday, August 2nd. Raymond James decreased their target price on Lululemon Athletica from $350.00 to $325.00 and set an “outperform” rating for the company in a report on Monday, September 2nd. UBS Group cut their price target on shares of Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating on the stock in a report on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Lululemon Athletica from $291.00 to $292.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Finally, KeyCorp cut their target price on shares of Lululemon Athletica from $415.00 to $350.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $354.55.

Lululemon Athletica 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.