Banque Cantonale Vaudoise Sells 2,663 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Banque Cantonale Vaudoise reduced its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 29.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,514 shares of the apparel retailer's stock after selling 2,663 shares during the period. Banque Cantonale Vaudoise's holdings in Lululemon Athletica were worth $1,768,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Shepherd Financial Partners LLC bought a new stake in Lululemon Athletica during the 3rd quarter worth approximately $953,000. XTX Topco Ltd raised its stake in shares of Lululemon Athletica by 281.4% in the second quarter. XTX Topco Ltd now owns 8,894 shares of the apparel retailer's stock worth $2,657,000 after acquiring an additional 6,562 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Lululemon Athletica by 31.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 15,425 shares of the apparel retailer's stock worth $4,607,000 after purchasing an additional 3,721 shares in the last quarter. Gateway Investment Advisers LLC grew its stake in shares of Lululemon Athletica by 9.7% during the second quarter. Gateway Investment Advisers LLC now owns 34,709 shares of the apparel retailer's stock valued at $10,368,000 after purchasing an additional 3,077 shares during the last quarter. Finally, Rheos Capital Works Inc. increased its holdings in shares of Lululemon Athletica by 19.2% in the third quarter. Rheos Capital Works Inc. now owns 15,500 shares of the apparel retailer's stock valued at $4,206,000 after purchasing an additional 2,500 shares in the last quarter. Institutional investors own 85.20% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. TD Securities increased their price objective on Lululemon Athletica from $375.00 to $382.00 and gave the company a "buy" rating in a research report on Friday, August 30th. Telsey Advisory Group decreased their price target on Lululemon Athletica from $470.00 to $360.00 and set an "outperform" rating on the stock in a report on Monday, August 26th. Evercore ISI restated an "outperform" rating and set a $300.00 target price on shares of Lululemon Athletica in a research report on Monday, August 26th. UBS Group lowered their price target on shares of Lululemon Athletica from $385.00 to $315.00 and set a "neutral" rating for the company in a research report on Tuesday, August 20th. Finally, Raymond James cut their price objective on shares of Lululemon Athletica from $350.00 to $325.00 and set an "outperform" rating on the stock in a report on Monday, September 2nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $357.13.

Insider Activity

In related news, insider Nicole Neuburger sold 486 shares of the company's stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value 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 represents a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Calvin Mcdonald acquired 4,000 shares of the company's stock in a transaction 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 purchase, the chief executive officer now directly owns 89,922 shares in the company, valued at approximately $23,379,720. This represents a 4.66 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.48% of the stock is owned by company insiders.

Lululemon Athletica Trading Up 2.1 %

Shares of NASDAQ LULU opened at $308.31 on Thursday. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $516.39. The stock has a 50 day moving average of $289.73 and a 200-day moving average of $288.92. The company has a market capitalization of $37.85 billion, a P/E ratio of 23.83, a P/E/G ratio of 2.20 and a beta of 1.24.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings data 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 net margin of 16.34% and a return on equity of 42.59%. 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 prior year, the firm earned $2.68 earnings per share. The company's revenue was up 9.1% on a year-over-year basis. Analysts predict that Lululemon Athletica Inc. will post 14.02 EPS for the current fiscal year.

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.