Weekly CEO Sells Highlight: Darden Restaurants, Omnova Solution, Apple Inc., Lululemon Athletica

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Apr 02, 2012
According to GuruFocus Insider Data, these are the largest CEO sales during the past week: Darden Restaurants, Omnova Solution, Apple Inc., Lululemon Athlt

Darden Restaurants (DRI, Financial): Chairman, CEO Clarence Otis Jr. sold 133,000 Shares

Chairman, CEO of Darden Restaurants (DRI) Clarence Otis Jr. sold 133,000 shares on 03/27/2012 at an average price of $51.18. Darden Restaurants Inc. is the world's largest casual dining restaurant company based on market share, sales and number of company-owned and operated restaurants. Darden Restaurants has a market cap of $6.54 billion; its shares were traded at around $51.16 with a P/E ratio of 14.8 and P/S ratio of 0.9. The dividend yield of Darden Restaurants stocks is 3.4%. Darden Restaurants had an annual average earnings growth of 10.8% over the past 10 years. GuruFocus rated Darden Restaurants the business predictability rank of 4.5-star.

Darden Restaurants reported their third quarter results. The company reported diluted net income of $1.25 and unearned revenues of $267.3 million.

Chairman and CEO Clarence Otis Jr. sold 133,000 shares of DRI stock on 03/27/2012 at the average price of 51.18. President, Speciality Restaurant Group Eugene I. Lee Jr. and President Red Lobster David T. Pickens sold 43,000 shares of DRI stock in March.

Omnova Solution (OMN, Financial): Chairman of Board, CEO and President Kevin M. McMullen sold 120,000 Shares

Chairman of Board, CEO and Pres of Omnova Solution (OMN) Kevin M. McMullen sold 120,000 shares on 03/23/2012 at an average price of $6.58. Omnova Solutions Inc. develops, manufactures and markets emulsion polymers, specialty chemicals and decorative and building products for a variety of industrial, commercial and consumer markets. Omnova Solution has a market cap of $304 million; its shares were traded at around $6.75 with a P/E ratio of 11.9 and P/S ratio of 0.3. Omnova Solution had an annual average earnings growth of 4.5% over the past 10 years.

Omnova Solution reported total revenues of $275.9 million and net income of $12.7 million for their 2012 first quarter results.

Chairman of Board, CEO and Pres Kevin M. McMullen sold 120,000 shares of OMN stock on 03/23/2012. Director William R. Seelbach sold 10,000 shares of OMN stock on 03/26/2012 at the average price of $6.78.

Apple Inc. (AAPL, Financial): CEO Timothy D. Cook sold 106,640 Shares

CEO of Apple Inc (AAPL) Timothy D. Cook sold 106,640 shares on 03/26/2012 at an average price of $600.79. Apple Computer Inc. designs, manufactures and markets personal computers and related personal computing and communicating solutions for sale primarily to education, creative, consumer, and business customers. Apple Inc. has a market cap of $555.74 billion; its shares were traded at around $599.55 with a P/E ratio of 17 and P/S ratio of 5.1. Apple Inc. had an annual average earnings growth of 64.6% over the past five years.

Apple Inc. reported their first quarter results. The company reported revenues of $46.33 billion.

CEO Timothy D. Cook sold 126,818 shares of AAPL stock in March. Senior Vice President and CFO Peter Oppenheimer sold 80,147 shares of AAPL stock on 03/26/2012. The price of the stock has increased by 0.13% since. Director Robert A. Iger bought 2,670 shares of AAPL stock on 11/29/2011 at the average price of $374.9. Senior Vice President Philip W. Schiller, Director Arthur D. Levinson, Senior Vice President Robert J. Mansfield and Senior Vice President Jeffrey E. Williams sold 105,651 shares of AAPL stock in January through March.

Lululemon Athletica (LULU, Financial): CEO Christine McCormick Day sold 104,166 Shares

CEO of Lululemon Athletica (LULU) Christine McCormick Day sold 104,166 shares on 03/28/2012 at an average price of $74.08. Lululemon Athletica is a yoga inspired athletic apparel company that creates components for people to live longer, healthier and more fun lives. Lululemon Athletica has a market cap of $8.3 billion; its shares were traded at around $74.73 with a P/E ratio of 60.2 and P/S ratio of 8.3.

Lululemon Athletica reported their 2011 fourth quarter results. The company reported net income of $73.5 million and revenues of $371.5 million.

CEO Christine Mccormick Day sold 104,166 shares of LULU stock on 03/28/2012 at the average price of $74.08. Director Thomas Stemberg, Executive Vice President Retail Operations Delaney Schweitzer, Director Martin Michael Casey, and Director, 10% Owner Dennis J. Wilson sold 162,122 shares of LULU stock in March.

For the complete list of stocks that bought by their CEOs, go to: Insider Buys.