Meeder Asset Management Inc. Sells 2,219 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Meeder Asset Management Inc. decreased its holdings in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 22.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,889 shares of the apparel retailer's stock after selling 2,219 shares during the quarter. Meeder Asset Management Inc.'s holdings in Lululemon Athletica were worth $2,141,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Larson Financial Group LLC raised its holdings in shares of Lululemon Athletica by 78.2% in the second quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer's stock valued at $29,000 after buying an additional 43 shares during the last quarter. Paladin Wealth LLC purchased a new stake in Lululemon Athletica during the 3rd quarter valued at approximately $29,000. Versant Capital Management Inc lifted its position in Lululemon Athletica by 61.5% during the 2nd quarter. Versant Capital Management Inc now owns 105 shares of the apparel retailer's stock worth $31,000 after acquiring an additional 40 shares during the period. JFS Wealth Advisors LLC grew its stake in shares of 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 purchasing an additional 65 shares during the last quarter. Finally, Ridgewood Investments LLC acquired a new position in shares of Lululemon Athletica in the second quarter valued at approximately $33,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Analysts Set New Price Targets

LULU has been the topic of a number of analyst reports. 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 research report on Friday, August 30th. Bank of America dropped their price target on shares of Lululemon Athletica from $440.00 to $355.00 and set a "buy" rating on the stock in a research note on Friday, August 30th. Wedbush reduced their price objective on shares of Lululemon Athletica from $400.00 to $324.00 and set an "outperform" rating for the company in a research report on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft boosted their target price on Lululemon Athletica from $291.00 to $292.00 and gave the stock a "neutral" rating in a research report on Friday, August 30th. Finally, Barclays reduced their price target on Lululemon Athletica from $263.00 to $261.00 and set an "equal weight" rating for the company in a report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $357.13.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU traded down $7.68 during trading hours on Tuesday, hitting $301.85. 2,087,478 shares of the company's stock traded hands, compared to its average volume of 2,095,082. The company's fifty day simple moving average is $288.66 and its two-hundred day simple moving average is $288.78. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $516.39. The company has a market cap of $37.06 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 2.33 and a beta of 1.24.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.41 billion. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. Lululemon Athletica'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 business posted $2.68 earnings per share. On average, analysts anticipate that Lululemon Athletica Inc. will post 14.02 EPS for the current fiscal year.

Insiders Place Their Bets

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

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.