CNB Bank Sells 128 Shares of Lululemon Athletica Inc. (NASDAQ:LULU)

CNB Bank lowered its stake in shares of Lululemon Athletica Inc. (NASDAQ:LULUGet Rating) by 10.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,145 shares of the apparel retailer’s stock after selling 128 shares during the quarter. CNB Bank’s holdings in Lululemon Athletica were worth $418,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of LULU. LPL Financial LLC boosted its position in Lululemon Athletica by 13.0% during the 3rd quarter. LPL Financial LLC now owns 48,187 shares of the apparel retailer’s stock worth $19,501,000 after acquiring an additional 5,539 shares during the last quarter. FinTrust Capital Advisors LLC boosted its stake in shares of Lululemon Athletica by 33.6% during the third quarter. FinTrust Capital Advisors LLC now owns 199 shares of the apparel retailer’s stock valued at $81,000 after purchasing an additional 50 shares in the last quarter. Psagot Value Holdings Ltd. raised its position in shares of Lululemon Athletica by 0.9% during the third quarter. Psagot Value Holdings Ltd. now owns 25,487 shares of the apparel retailer’s stock worth $10,315,000 after acquiring an additional 224 shares during the last quarter. Atria Investments LLC increased its holdings in Lululemon Athletica by 12.6% in the third quarter. Atria Investments LLC now owns 8,652 shares of the apparel retailer’s stock worth $3,501,000 after purchasing an additional 971 shares in the last quarter. Finally, EP Wealth Advisors LLC boosted its position in shares of Lululemon Athletica by 971.1% during the third quarter. EP Wealth Advisors LLC now owns 15,199 shares of the apparel retailer’s stock valued at $613,000 after buying an additional 13,780 shares during the last quarter. Institutional investors own 85.48% of the company’s stock.

NASDAQ LULU opened at $277.88 on Thursday. The firm’s 50 day moving average price is $314.77 and its two-hundred day moving average price is $335.20. Lululemon Athletica Inc. has a twelve month low of $251.51 and a twelve month high of $485.83. The stock has a market cap of $35.47 billion, a price-to-earnings ratio of 35.31, a PEG ratio of 1.46 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULUGet Rating) last released its quarterly earnings data on Thursday, June 2nd. The apparel retailer reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.05. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.55 billion. Lululemon Athletica had a net margin of 15.36% and a return on equity of 39.23%. Lululemon Athletica’s quarterly revenue was up 31.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.16 EPS. On average, equities research analysts expect that Lululemon Athletica Inc. will post 9.47 earnings per share for the current fiscal year.

Lululemon Athletica announced that its Board of Directors has authorized a stock buyback program on Tuesday, March 29th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the apparel retailer to purchase up to 2.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

LULU has been the topic of a number of research analyst reports. KGI Securities lowered Lululemon Athletica from an “outperform” rating to a “neutral” rating in a research note on Monday, May 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on Lululemon Athletica from $423.00 to $427.00 in a research report on Friday, June 3rd. BMO Capital Markets reduced their target price on Lululemon Athletica from $344.00 to $304.00 in a report on Friday, June 3rd. Barclays dropped their price target on Lululemon Athletica from $450.00 to $435.00 and set an “overweight” rating on the stock in a research note on Monday, June 6th. Finally, Credit Suisse Group decreased their price target on Lululemon Athletica from $450.00 to $410.00 and set an “outperform” rating on the stock in a report on Friday, June 3rd. Six analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $423.88.

About Lululemon Athletica (Get Rating)

lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women and men. It operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits.

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Institutional Ownership by Quarter for Lululemon Athletica (NASDAQ:LULU)

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