Dana Investment Advisors Inc. Trims Position in Lululemon Athletica Inc. (NASDAQ:LULU)

Dana Investment Advisors Inc. trimmed its stake in Lululemon Athletica Inc. (NASDAQ:LULU) by 94.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,445 shares of the apparel retailer’s stock after selling 38,274 shares during the period. Dana Investment Advisors Inc.’s holdings in Lululemon Athletica were worth $730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Scarborough Advisors LLC bought a new stake in shares of Lululemon Athletica during the fourth quarter valued at approximately $26,000. Benjamin Edwards Inc. raised its position in Lululemon Athletica by 176.0% during the 1st quarter. Benjamin Edwards Inc. now owns 69 shares of the apparel retailer’s stock valued at $27,000 after purchasing an additional 44 shares in the last quarter. Riverview Trust Co purchased a new stake in shares of Lululemon Athletica in the 1st quarter worth $29,000. Larson Financial Group LLC grew its position in shares of Lululemon Athletica by 78.2% during the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer’s stock worth $29,000 after buying an additional 43 shares in the last quarter. Finally, True Wealth Design LLC increased its stake in shares of Lululemon Athletica by 2,950.0% during the fourth quarter. True Wealth Design LLC now owns 61 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 59 shares during the period. 85.20% of the stock is currently owned by institutional investors.

Insider Transactions at Lululemon Athletica

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

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $220.00 price objective on shares of Lululemon Athletica in a research note on Thursday, July 25th. Wedbush dropped their price objective on shares of Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 28th. Robert W. Baird reduced their price objective on shares of Lululemon Athletica from $470.00 to $350.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. The Goldman Sachs Group cut Lululemon Athletica from a “buy” rating to a “neutral” rating and dropped their target price for the company from $463.00 to $286.00 in a research report on Friday, August 2nd. Finally, Piper Sandler boosted their price target on Lululemon Athletica from $250.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and an average price target of $354.55.

Lululemon Athletica Price Performance

Lululemon Athletica stock opened at $262.56 on Friday. The stock has a market capitalization of $32.82 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 1.40 and a beta of 1.25. The business has a 50 day simple moving average of $257.19 and a 200-day simple moving average of $307.20. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.22. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.41 billion. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.68 earnings per share. On average, equities research analysts anticipate that Lululemon Athletica Inc. will post 14.03 EPS for the current fiscal year.

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.