American International Group Inc. cut its position in shares of lululemon athletica inc. (NASDAQ:LULU) by 2.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,208 shares of the apparel retailer’s stock after selling 51 shares during the period. American International Group Inc.’s holdings in lululemon athletica inc. were worth $115,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mn Services Vermogensbeheer B.V. boosted its position in lululemon athletica inc. by 4.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,925 shares of the apparel retailer’s stock worth $142,000 after buying an additional 121 shares during the period. Suntrust Banks Inc. purchased a new position in lululemon athletica inc. during the first quarter worth about $206,000. Prospera Financial Services Inc purchased a new position in lululemon athletica inc. during the first quarter worth about $210,000. Canada Pension Plan Investment Board boosted its position in lululemon athletica inc. by 80.8% in the first quarter. Canada Pension Plan Investment Board now owns 4,358 shares of the apparel retailer’s stock worth $226,000 after buying an additional 1,948 shares during the period. Finally, Penserra Capital Management LLC boosted its position in lululemon athletica inc. by 1.9% in the first quarter. Penserra Capital Management LLC now owns 4,600 shares of the apparel retailer’s stock worth $238,000 after buying an additional 84 shares during the period. Institutional investors own 80.15% of the company’s stock.

Shares of lululemon athletica inc. (NASDAQ:LULU) opened at 61.89 on Thursday. The company has a market capitalization of $8.46 billion, a PE ratio of 29.32 and a beta of 0.25. lululemon athletica inc. has a 12 month low of $47.26 and a 12 month high of $81.81. The firm’s 50-day moving average is $59.59 and its 200 day moving average is $58.34.

lululemon athletica inc. (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, June 1st. The apparel retailer reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The firm had revenue of $520.30 million during the quarter, compared to analysts’ expectations of $513.99 million. lululemon athletica inc. had a net margin of 12.21% and a return on equity of 23.43%. The business’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the company earned $0.33 earnings per share. Equities research analysts predict that lululemon athletica inc. will post $2.34 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “lululemon athletica inc. (NASDAQ:LULU) Shares Sold by American International Group Inc.” was originally reported by Watch List News and is the property of of Watch List News. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://www.watchlistnews.com/lululemon-athletica-inc-nasdaqlulu-shares-sold-by-american-international-group-inc/1469186.html.

A number of research firms have recently issued reports on LULU. Berenberg Bank began coverage on shares of lululemon athletica inc. in a research note on Tuesday, May 16th. They issued a “hold” rating and a $54.00 target price for the company. Jefferies Group LLC set a $56.00 target price on shares of lululemon athletica inc. and gave the company a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research cut shares of lululemon athletica inc. from a “hold” rating to a “sell” rating in a research note on Tuesday, May 23rd. Stifel Nicolaus upgraded shares of lululemon athletica inc. from a “hold” rating to a “buy” rating in a research note on Tuesday, April 18th. Finally, UBS AG reiterated a “neutral” rating and issued a $54.00 target price (down previously from $57.00) on shares of lululemon athletica inc. in a research note on Tuesday, May 30th. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-one have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $64.80.

In other lululemon athletica inc. news, Director Glenn Murphy acquired 97,728 shares of lululemon athletica inc. stock in a transaction dated Monday, June 26th. The stock was purchased at an average cost of $55.50 per share, for a total transaction of $5,423,904.00. Following the completion of the acquisition, the director now directly owns 100,344 shares of the company’s stock, valued at $5,569,092. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.29% of the stock is owned by company insiders.

About lululemon athletica inc.

lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements.

Want to see what other hedge funds are holding LULU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for lululemon athletica inc. (NASDAQ:LULU).

Institutional Ownership by Quarter for lululemon athletica inc. (NASDAQ:LULU)

Receive News & Ratings for lululemon athletica inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for lululemon athletica inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.