Massmutual Trust Co. FSB ADV Cuts Stake in Lululemon Athletica Inc. (NASDAQ:LULU)

Massmutual Trust Co. FSB ADV reduced its position in Lululemon Athletica Inc. (NASDAQ:LULU) by 18.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,114 shares of the apparel retailer’s stock after selling 2,718 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Lululemon Athletica were worth $3,287,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Scarborough Advisors LLC purchased a new stake in shares of Lululemon Athletica during the fourth quarter valued at $26,000. Benjamin Edwards Inc. grew its holdings in shares of Lululemon Athletica by 176.0% during the first quarter. Benjamin Edwards Inc. now owns 69 shares of the apparel retailer’s stock valued at $27,000 after buying an additional 44 shares during the last quarter. Riverview Trust Co purchased a new stake in shares of Lululemon Athletica during the first quarter valued at $29,000. Larson Financial Group LLC grew its holdings in shares of Lululemon Athletica by 78.2% during 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. Finally, True Wealth Design LLC grew its holdings in shares of Lululemon Athletica by 2,950.0% during the fourth quarter. True Wealth Design LLC now owns 61 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 59 shares during the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Lululemon Athletica

In related news, insider Nicole Neuburger sold 486 shares of the 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 transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Nicole Neuburger sold 486 shares of the 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 transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Calvin Mcdonald bought 4,000 shares of the company’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 completion of the transaction, the chief executive officer now directly owns 89,922 shares in the company, valued at $23,379,720. The disclosure for this purchase can be found here. Insiders own 0.48% of the company’s stock.

Lululemon Athletica Trading Up 0.8 %

Shares of LULU opened at $262.56 on Friday. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $516.39. The firm’s fifty day simple moving average is $257.19 and its 200-day simple moving average is $307.20. The firm has a market capitalization of $32.82 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 1.40 and a beta of 1.25.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period last year, the business earned $2.68 EPS. The company’s revenue was up 9.1% on a year-over-year basis. On average, analysts predict that Lululemon Athletica Inc. will post 14.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

LULU has been the topic of a number of research analyst reports. Citigroup dropped their price objective on shares of Lululemon Athletica from $300.00 to $270.00 and set a “neutral” rating on the stock in a report on Thursday, August 22nd. Robert W. Baird decreased their price objective on shares of Lululemon Athletica from $470.00 to $350.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Raymond James reduced their price target on shares of Lululemon Athletica from $350.00 to $325.00 and set an “outperform” rating for the company in a research report on Monday, September 2nd. Morgan Stanley reduced their price target on shares of Lululemon Athletica from $326.00 to $314.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Lululemon Athletica from $291.00 to $292.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $354.55.

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.