93,832 Shares in lululemon athletica inc. $LULU Bought by Martin Currie Ltd.

Key Points

• Martin Currie Ltd. has acquired 93,832 shares of lululemon athletica, valued at around $26.56 million, representing approximately 0.08% of the company.
• Several institutional investors, including Vanguard Group Inc. and Price T Rowe Associates Inc., have increased their stakes in lululemon athletica in recent quarters, indicating strong investor interest.
• Wall Street analysts have revised lululemon's target prices downward, with the average now at $327.15, reflecting a consensus rating of "Moderate Buy" despite varying opinions among different analysts.

Martin Currie Ltd. purchased a new position in lululemon athletica inc. (NASDAQ:LULU - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 93,832 shares of the apparel retailer's stock, valued at approximately $26,560,000. Martin Currie Ltd. owned about 0.08% of lululemon athletica at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of LULU. Anderson Financial Strategies LLC purchased a new stake in shares of lululemon athletica in the 4th quarter valued at about $30,000. N.E.W. Advisory Services LLC purchased a new stake in lululemon athletica in the first quarter valued at approximately $25,000. Cornerstone Planning Group LLC grew its position in shares of lululemon athletica by 506.3% during the first quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock worth $26,000 after acquiring an additional 81 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of lululemon athletica during the first quarter worth approximately $31,000. Finally, Garde Capital Inc. purchased a new stake in lululemon athletica in the 1st quarter valued at $35,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on LULU. Barclays decreased their price objective on lululemon athletica from $270.00 to $209.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 6th. Truist Financial dropped their price objective on shares of lululemon athletica from $297.00 to $290.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. Piper Sandler reduced their target price on shares of lululemon athletica from $270.00 to $200.00 and set a "neutral" rating for the company in a research note on Tuesday, July 29th. UBS Group dropped their price target on shares of lululemon athletica from $290.00 to $240.00 and set a "neutral" rating on the stock in a research note on Monday. Finally, Bank of America reduced their price objective on shares of lululemon athletica from $400.00 to $370.00 and set a "buy" rating for the company in a research report on Friday, June 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, lululemon athletica currently has a consensus rating of "Moderate Buy" and an average price target of $319.98.

Insider Activity at lululemon athletica

In other news, CEO Calvin Mcdonald sold 27,049 shares of lululemon athletica stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the sale, the chief executive officer owned 110,564 shares in the company, valued at $26,058,829.16. This trade represents a 19.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.54% of the company's stock.

lululemon athletica Stock Performance

Shares of LULU traded down $5.96 during trading hours on Tuesday, hitting $197.66. The stock had a trading volume of 4,281,456 shares, compared to its average volume of 2,668,453. lululemon athletica inc. has a 12-month low of $185.95 and a 12-month high of $423.32. The firm has a market cap of $23.69 billion, a P/E ratio of 13.39, a P/E/G ratio of 1.69 and a beta of 1.16. The company's fifty day simple moving average is $223.05 and its 200 day simple moving average is $283.40.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.60. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The business's quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.54 earnings per share. lululemon athletica has set its FY 2025 guidance at 14.580-14.780 EPS. Q2 2025 guidance at 2.850-2.900 EPS. As a group, sell-side analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

lululemon athletica 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.