Aljian Capital Management LLC Sells 2,670 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Aljian Capital Management LLC decreased its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 35.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,791 shares of the apparel retailer's stock after selling 2,670 shares during the period. Aljian Capital Management LLC's holdings in Lululemon Athletica were worth $1,300,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Value Star Asset Management Hong Kong Ltd boosted its holdings in Lululemon Athletica by 19,890.3% during the 2nd quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer's stock worth $1,390,074,000 after acquiring an additional 4,630,466 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Lululemon Athletica by 74,856.2% during the third quarter. International Assets Investment Management LLC now owns 895,726 shares of the apparel retailer's stock worth $243,055,000 after purchasing an additional 894,531 shares during the last quarter. River Road Asset Management LLC purchased a new stake in Lululemon Athletica in the 3rd quarter valued at about $79,503,000. Marshall Wace LLP lifted its position in shares of Lululemon Athletica by 359.4% during the 2nd quarter. Marshall Wace LLP now owns 204,500 shares of the apparel retailer's stock worth $61,084,000 after buying an additional 283,344 shares in the last quarter. Finally, Swedbank AB lifted its position in shares of Lululemon Athletica by 151.0% during the 3rd quarter. Swedbank AB now owns 367,584 shares of the apparel retailer's stock worth $99,744,000 after buying an additional 221,112 shares in the last quarter. 85.20% of the stock is owned by institutional investors.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, CEO Calvin Mcdonald bought 4,000 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were acquired at an average cost of $260.00 per share, for a total transaction of $1,040,000.00. Following the purchase, the chief executive officer now owns 89,922 shares in the company, valued at approximately $23,379,720. This trade represents a 4.66 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicole Neuburger sold 486 shares of the business's stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total value of $131,020.74. Following the completion of the transaction, the insider now owns 6,198 shares of the company's stock, valued at $1,670,918.82. This represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

Lululemon Athletica Price Performance

LULU traded down $10.48 on Monday, hitting $309.53. The company had a trading volume of 1,869,476 shares, compared to its average volume of 2,095,089. Lululemon Athletica Inc. has a 52-week low of $226.01 and a 52-week high of $516.39. The stock has a fifty day simple moving average of $287.57 and a 200-day simple moving average of $289.16. The firm has a market capitalization of $38.00 billion, a P/E ratio of 23.92, a P/E/G ratio of 2.33 and a beta of 1.24.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.22. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period in the previous year, the company posted $2.68 earnings per share. The firm's revenue was up 9.1% on a year-over-year basis. Equities research analysts expect that Lululemon Athletica Inc. will post 14.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LULU has been the topic of a number of research analyst reports. Robert W. Baird boosted their price target on shares of Lululemon Athletica from $350.00 to $380.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. Truist Financial increased their target price on shares of Lululemon Athletica from $310.00 to $360.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. TD Securities upped their price objective on Lululemon Athletica from $375.00 to $382.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Barclays decreased their target price on Lululemon Athletica from $263.00 to $261.00 and set an "equal weight" rating for the company in a research report on Friday, August 30th. Finally, TD Cowen lowered their target price on Lululemon Athletica from $420.00 to $375.00 and set a "buy" rating on the stock in a research note on Tuesday, August 27th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, Lululemon Athletica presently has an average rating of "Moderate Buy" and a consensus price target of $357.13.

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.