Toronto Dominion Bank Has $11.35 Million Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Toronto Dominion Bank decreased its holdings in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 27.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,825 shares of the apparel retailer's stock after selling 16,124 shares during the quarter. Toronto Dominion Bank's holdings in Lululemon Athletica were worth $11,349,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Rockline Wealth Management LLC increased its position in shares of Lululemon Athletica by 1.3% in the second quarter. Rockline Wealth Management LLC now owns 3,314 shares of the apparel retailer's stock worth $990,000 after acquiring an additional 43 shares in the last quarter. Larson Financial Group LLC raised its stake in Lululemon Athletica by 78.2% during the 2nd quarter. Larson Financial Group LLC now owns 98 shares of the apparel retailer's stock valued at $29,000 after purchasing an additional 43 shares during the period. HHM Wealth Advisors LLC lifted its holdings in shares of Lululemon Athletica by 66.7% in the second quarter. HHM Wealth Advisors LLC now owns 115 shares of the apparel retailer's stock valued at $34,000 after purchasing an additional 46 shares in the last quarter. WD Rutherford LLC boosted its position in shares of Lululemon Athletica by 0.8% in the second quarter. WD Rutherford LLC now owns 6,421 shares of the apparel retailer's stock worth $1,918,000 after buying an additional 52 shares during the period. Finally, Beacon Capital Management LLC grew its holdings in shares of Lululemon Athletica by 27.3% during the second quarter. Beacon Capital Management LLC now owns 247 shares of the apparel retailer's stock valued at $74,000 after buying an additional 53 shares in the last quarter. Institutional investors own 85.20% of the company's stock.

Lululemon Athletica Price Performance

Shares of LULU traded up $2.30 during mid-day trading on Friday, reaching $391.63. The company had a trading volume of 1,442,506 shares, compared to its average volume of 2,122,186. The company has a market capitalization of $48.08 billion, a P/E ratio of 28.28, a P/E/G ratio of 2.84 and a beta of 1.23. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $516.39. The company's 50-day moving average is $318.81 and its 200-day moving average is $291.44.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the company posted $2.53 earnings per share. The business's revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, equities analysts expect that Lululemon Athletica Inc. will post 14.17 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Telsey Advisory Group upped their target price on Lululemon Athletica from $360.00 to $430.00 and gave the company an "outperform" rating in a report on Friday, December 6th. Piper Sandler increased their target price on shares of Lululemon Athletica from $260.00 to $340.00 and gave the stock a "neutral" rating in a research report on Friday, December 6th. Wells Fargo & Company lowered their price target on shares of Lululemon Athletica from $350.00 to $285.00 and set an "equal weight" rating on the stock in a report on Friday, August 23rd. Stifel Nicolaus reiterated a "buy" rating and set a $438.00 price objective (up from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. Finally, TD Securities boosted their target price on Lululemon Athletica from $382.00 to $383.00 and gave the company a "buy" rating in a research note on Tuesday, December 3rd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $377.63.

Insider Activity at Lululemon Athletica

In other news, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the sale, the insider now owns 12,429 shares in the company, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nicole Neuburger sold 486 shares of Lululemon Athletica 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 completion of the transaction, the insider now directly owns 6,198 shares of the company's stock, valued at $1,670,918.82. This represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

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.