DoubleLine ETF Adviser LP Invests $761,000 in lululemon athletica inc. $LULU

Key Points

• DoubleLine ETF Adviser LP purchased 2,687 shares of lululemon athletica, valued at approximately $761,000, according to its recent SEC filing.
• CEO Calvin McDonald sold 27,049 shares for over $6.37 million, resulting in a 19.66% decrease in his ownership of the stock.
• Share prices have varied significantly, with a 1-year low of $185.95 and a 1-year high of $423.32; analysts have mixed ratings and price targets for the stock.

DoubleLine ETF Adviser LP purchased a new position in lululemon athletica inc. (NASDAQ:LULU - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,687 shares of the apparel retailer's stock, valued at approximately $761,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. N.E.W. Advisory Services LLC bought a new position in shares of lululemon athletica in the first quarter worth $25,000. Cornerstone Planning Group LLC grew its stake in shares of lululemon athletica by 506.3% in the first quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock worth $26,000 after purchasing an additional 81 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in lululemon athletica during the first quarter valued at about $31,000. Garde Capital Inc. bought a new position in lululemon athletica during the first quarter valued at about $35,000. Finally, CENTRAL TRUST Co boosted its stake in lululemon athletica by 154.9% during the first quarter. CENTRAL TRUST Co now owns 130 shares of the apparel retailer's stock valued at $37,000 after buying an additional 79 shares in the last quarter. Institutional investors own 85.20% of the company's stock.

Analyst Upgrades and Downgrades

LULU has been the subject of several research reports. UBS Group decreased their target price on lululemon athletica from $240.00 to $185.00 and set a "neutral" rating for the company in a research note on Friday. KeyCorp decreased their target price on lululemon athletica from $400.00 to $350.00 and set an "overweight" rating for the company in a research note on Friday, June 6th. Morgan Stanley decreased their target price on lululemon athletica from $280.00 to $223.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 26th. BMO Capital Markets decreased their target price on lululemon athletica from $302.00 to $250.00 and set a "market perform" rating for the company in a research note on Friday, June 6th. Finally, Oppenheimer reaffirmed a "market perform" rating and set a $500.00 target price on shares of lululemon athletica in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twenty have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, lululemon athletica has an average rating of "Hold" and an average target price of $245.79.

lululemon athletica Stock Performance

Shares of NASDAQ:LULU traded up $0.30 during midday trading on Monday, reaching $168.10. The company had a trading volume of 13,885,864 shares, compared to its average volume of 3,048,015. lululemon athletica inc. has a 1-year low of $162.80 and a 1-year high of $423.32. The firm has a market cap of $20.15 billion, a price-to-earnings ratio of 11.43, a price-to-earnings-growth ratio of 1.60 and a beta of 1.12. The company has a fifty day simple moving average of $212.64 and a two-hundred day simple moving average of $264.68.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings data on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.24. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.The business's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the business earned $3.15 EPS. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. Analysts expect that lululemon athletica inc. will post 14.36 EPS for the current year.

Insider Transactions at lululemon athletica

In related news, CEO Calvin Mcdonald sold 27,049 shares of the stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $235.69, for a total value of $6,375,178.81. Following the completion of the sale, the chief executive officer directly owned 110,564 shares of the company's stock, valued at approximately $26,058,829.16. This represents a 19.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company's stock.

lululemon athletica Company Profile

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.