Vanguard Personalized Indexing Management LLC Sells 117 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

Vanguard Personalized Indexing Management LLC lowered its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) by 1.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,837 shares of the apparel retailer’s stock after selling 117 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Lululemon Athletica were worth $2,640,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. raised its holdings in Lululemon Athletica by 25.1% during the 4th quarter. Avantax Advisory Services Inc. now owns 818 shares of the apparel retailer’s stock worth $418,000 after buying an additional 164 shares during the period. Beacon Pointe Advisors LLC grew its holdings in Lululemon Athletica by 3.9% during the fourth quarter. Beacon Pointe Advisors LLC now owns 1,199 shares of the apparel retailer’s stock worth $613,000 after purchasing an additional 45 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Lululemon Athletica by 21.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 15,493 shares of the apparel retailer’s stock worth $7,921,000 after acquiring an additional 2,688 shares during the period. Coldstream Capital Management Inc. bought a new stake in shares of Lululemon Athletica during the fourth quarter worth approximately $391,000. Finally, CreativeOne Wealth LLC bought a new stake in shares of Lululemon Athletica during the fourth quarter worth approximately $359,000. Institutional investors own 85.20% of the company’s stock.

Insider Buying and Selling

In related news, CEO Calvin Mcdonald bought 4,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were purchased at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the purchase, the chief executive officer now owns 89,922 shares of the company’s stock, valued at approximately $23,379,720. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 0.48% of the stock is owned by corporate insiders.

Lululemon Athletica Stock Down 3.0 %

Lululemon Athletica stock opened at $262.61 on Friday. Lululemon Athletica Inc. has a twelve month low of $226.01 and a twelve month high of $516.39. The firm has a 50 day moving average price of $259.72 and a 200-day moving average price of $319.30. The company has a market capitalization of $32.83 billion, a P/E ratio of 21.06, a P/E/G ratio of 1.38 and a beta of 1.25.

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

Lululemon Athletica announced that its board has approved a stock repurchase program on Wednesday, June 5th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the apparel retailer to buy up to 2.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on LULU shares. Barclays dropped their price target on shares of Lululemon Athletica from $263.00 to $261.00 and set an “equal weight” rating for the company in a research report on Friday, August 30th. Citigroup reduced their price objective on shares of Lululemon Athletica from $300.00 to $270.00 and set a “neutral” rating on the stock in a research note on Thursday, August 22nd. Raymond James cut their price target on shares of Lululemon Athletica from $350.00 to $325.00 and set an “outperform” rating on the stock in a research report on Monday, September 2nd. TD Securities upped their price objective on shares of Lululemon Athletica from $375.00 to $382.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Oppenheimer reiterated an “outperform” rating and set a $445.00 price objective on shares of Lululemon Athletica in a report on Thursday, June 6th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $354.94.

About Lululemon Athletica

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.