Mutual of America Capital Management LLC Lowers Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Mutual of America Capital Management LLC lowered its position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 4.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,460 shares of the apparel retailer’s stock after selling 605 shares during the period. Mutual of America Capital Management LLC’s holdings in Lululemon Athletica were worth $4,319,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tidemark LLC purchased a new stake in shares of Lululemon Athletica in the fourth quarter worth $26,000. Scarborough Advisors LLC purchased a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $26,000. Benjamin Edwards Inc. boosted its position in shares of Lululemon Athletica by 176.0% during the 1st quarter. Benjamin Edwards Inc. now owns 69 shares of the apparel retailer’s stock valued at $27,000 after acquiring an additional 44 shares during the last quarter. Riverview Trust Co purchased a new position in shares of Lululemon Athletica during the first quarter worth about $29,000. Finally, Larson Financial Group LLC increased its position 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 worth $29,000 after purchasing an additional 43 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Trading Down 3.0 %

Shares of LULU opened at $262.61 on Friday. Lululemon Athletica Inc. has a 1-year low of $226.01 and a 1-year high of $516.39. The firm has a market capitalization of $32.83 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 1.38 and a beta of 1.25. The firm’s 50-day moving average price is $259.72 and its 200-day moving average price is $318.42.

Lululemon Athletica (NASDAQ:LULU) last posted its 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. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the business earned $2.68 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, research analysts forecast that Lululemon Athletica Inc. will post 14.03 EPS for the current fiscal year.

Lululemon Athletica declared that its Board of Directors has initiated a share buyback plan on Wednesday, June 5th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the apparel retailer to reacquire up to 2.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Lululemon Athletica

In other Lululemon Athletica news, CEO Calvin Mcdonald purchased 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was bought 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 directly owns 89,922 shares in the company, valued at $23,379,720. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on LULU shares. TD Cowen decreased their price target on shares of Lululemon Athletica from $420.00 to $375.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. Sanford C. Bernstein lowered their price target on 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. Wells Fargo & Company dropped their price target on Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating for the company in a research note on Friday, August 23rd. Stifel Nicolaus decreased their price objective on Lululemon Athletica from $416.00 to $370.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. Finally, Guggenheim cut their target price on Lululemon Athletica from $525.00 to $350.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $354.94.

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.