Keybank National Association OH Trims Holdings in lululemon athletica inc. $LULU

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Keybank National Association OH significantly reduced its stake in lululemon athletica (LULU) by 50.6% in Q4, selling 9,558 shares and ending with 9,335 shares. This comes amidst investor uncertainty driven by founder Chip Wilson’s proxy fight, conflict-of-interest concerns, and reports that he advised rival brands. Despite Lululemon beating EPS estimates, flat year-over-year revenue and governance issues have led several analysts to cut price targets, resulting in a consensus “Hold” rating for the stock.

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