Insider Selling: Lululemon Athletica Inc. (NASDAQ:LULU) CEO Sells 10,000 Shares of Stock

Lululemon Athletica Inc. (NASDAQ:LULU) CEO Calvin Mcdonald sold 10,000 shares of Lululemon Athletica stock in a transaction dated Thursday, September 9th. The shares were sold at an average price of $427.37, for a total value of $4,273,700.00. Following the completion of the sale, the chief executive officer now directly owns 53,409 shares in the company, valued at approximately $22,825,404.33. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of NASDAQ:LULU opened at $420.50 on Wednesday. The company has a fifty day moving average of $396.95 and a 200-day moving average of $350.42. The company has a market capitalization of $54.73 billion, a PE ratio of 66.53, a price-to-earnings-growth ratio of 3.06 and a beta of 1.36. Lululemon Athletica Inc. has a 52-week low of $269.28 and a 52-week high of $434.22.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Tuesday, September 7th. The apparel retailer reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.46. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.33 billion. Lululemon Athletica had a net margin of 14.96% and a return on equity of 34.16%. The company’s revenue for the quarter was up 60.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.74 earnings per share. Sell-side analysts expect that Lululemon Athletica Inc. will post 7.58 earnings per share for the current fiscal year.

A number of analysts recently issued reports on the company. Cowen lifted their target price on Lululemon Athletica from $476.00 to $520.00 and gave the company an “outperform” rating in a research report on Thursday, September 9th. Guggenheim lifted their target price on Lululemon Athletica from $450.00 to $475.00 and gave the company a “buy” rating in a research report on Thursday, September 9th. Wells Fargo & Company lifted their price target on Lululemon Athletica from $335.00 to $410.00 and gave the stock an “equal weight” rating in a report on Thursday, September 9th. Barclays lifted their price target on Lululemon Athletica from $401.00 to $418.00 and gave the stock an “overweight” rating in a report on Friday, June 4th. Finally, Robert W. Baird lifted their price target on Lululemon Athletica from $435.00 to $485.00 and gave the stock an “outperform” rating in a report on Thursday, September 9th. Five research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $445.33.

Several institutional investors have recently modified their holdings of LULU. Amundi Pioneer Asset Management Inc. grew its stake in shares of Lululemon Athletica by 6.7% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 72,706 shares of the apparel retailer’s stock worth $11,914,000 after purchasing an additional 4,589 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Lululemon Athletica by 13.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 386,691 shares of the apparel retailer’s stock worth $134,590,000 after purchasing an additional 45,999 shares during the last quarter. Chartwell Investment Partners LLC boosted its position in Lululemon Athletica by 42.2% during the first quarter. Chartwell Investment Partners LLC now owns 3,919 shares of the apparel retailer’s stock valued at $1,202,000 after acquiring an additional 1,163 shares during the last quarter. Institute for Wealth Management LLC. boosted its position in Lululemon Athletica by 2.6% during the first quarter. Institute for Wealth Management LLC. now owns 1,540 shares of the apparel retailer’s stock valued at $472,000 after acquiring an additional 39 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Lululemon Athletica by 9.6% during the first quarter. Envestnet Asset Management Inc. now owns 244,427 shares of the apparel retailer’s stock valued at $74,968,000 after acquiring an additional 21,506 shares during the last quarter. 79.83% of the stock is currently owned by institutional investors.

Lululemon Athletica Company Profile

lululemon athletica, Inc engages in the designing, distributing and retail of athletic apparel and accessories. It company operates through the following business segments: Company-Operated Stores, Direct to Consumer. The Company-Operated Stores segment comprises of lululemon and ivivva brands; and specialize in athletic wear for female youth.

See Also: How are the companies in the S&P 500 selected?

Receive News & Ratings for Lululemon Athletica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lululemon Athletica and related companies with MarketBeat.com's FREE daily email newsletter.