Huntington National Bank Sells 1,966 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Huntington National Bank lowered its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 37.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,316 shares of the apparel retailer's stock after selling 1,966 shares during the quarter. Huntington National Bank's holdings in Lululemon Athletica were worth $900,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC grew its position in Lululemon Athletica by 78.2% in the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer's stock worth $29,000 after acquiring an additional 43 shares in the last quarter. Paladin Wealth LLC acquired a new position in shares of Lululemon Athletica in the 3rd quarter valued at approximately $29,000. Versant Capital Management Inc lifted its stake in Lululemon Athletica by 61.5% in the second quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer's stock valued at $31,000 after buying an additional 40 shares in the last quarter. JFS Wealth Advisors LLC lifted its position in Lululemon Athletica by 127.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer's stock valued at $31,000 after acquiring an additional 65 shares in the last quarter. Finally, Ridgewood Investments LLC bought a new stake in shares of Lululemon Athletica in the second quarter valued at about $33,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on LULU shares. Sanford C. Bernstein lowered their price objective on shares of Lululemon Athletica from $345.00 to $325.00 and set a "market perform" rating on the stock in a report on Friday, August 30th. Robert W. Baird raised their price objective on Lululemon Athletica from $350.00 to $380.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. TD Cowen dropped their target price on Lululemon Athletica from $420.00 to $375.00 and set a "buy" rating on the stock in a report on Tuesday, August 27th. Wells Fargo & Company reduced their price target on Lululemon Athletica from $350.00 to $285.00 and set an "equal weight" rating for the company in a research report on Friday, August 23rd. Finally, UBS Group lowered their price target on Lululemon Athletica from $385.00 to $315.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 20th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, Lululemon Athletica currently has an average rating of "Moderate Buy" and a consensus target price of $357.13.

Lululemon Athletica Stock Down 3.1 %

Shares of NASDAQ:LULU traded down $10.25 during midday trading on Friday, reaching $320.01. 1,264,651 shares of the company traded hands, compared to its average volume of 2,095,999. The firm's fifty day moving average price is $286.35 and its two-hundred day moving average price is $290.39. The firm has a market capitalization of $39.29 billion, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 2.39 and a beta of 1.24. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $516.39.

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

Insider Activity at Lululemon Athletica

In other news, CEO Calvin Mcdonald purchased 4,000 shares of Lululemon Athletica stock in a transaction that occurred on Tuesday, September 3rd. The shares were bought at an average cost of $260.00 per share, with a total value of $1,040,000.00. Following the completion of the purchase, the chief executive officer now directly owns 89,922 shares in the company, valued at approximately $23,379,720. This trade represents a 4.66 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nicole Neuburger sold 486 shares of the 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 approximately $1,670,918.82. This trade represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

Lululemon Athletica Company 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.