Acadian Asset Management LLC Invests $1.22 Million in lululemon athletica inc. $LULU

Key Points

• Acadian Asset Management LLC has invested approximately $1.22 million in lululemon athletica by acquiring 4,300 shares during the first quarter of the year.
• CEO Calvin McDonald sold 27,049 shares of the company's stock for about $6.37 million, reducing his ownership by nearly 20%.
• lululemon athletica's stock price increased by $6.28 to reach $169.76, with an average target price set at $239.30 according to analysts.

Acadian Asset Management LLC bought a new stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,300 shares of the apparel retailer's stock, valued at approximately $1,215,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LULU. N.E.W. Advisory Services LLC purchased a new position in lululemon athletica in the first quarter valued at about $25,000. Cornerstone Planning Group LLC boosted its stake in lululemon athletica by 506.3% in the first quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock valued at $26,000 after acquiring an additional 81 shares during the last quarter. Flaharty Asset Management LLC purchased a new position in lululemon athletica in the first quarter valued at about $29,000. Zions Bancorporation National Association UT purchased a new position in lululemon athletica in the first quarter valued at about $31,000. Finally, Garde Capital Inc. purchased a new position in lululemon athletica in the first quarter valued at about $35,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at lululemon athletica

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the firm's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $235.69, for a total value of $6,375,178.81. Following the sale, the chief executive officer owned 110,564 shares of the company's stock, valued at $26,058,829.16. This trade represents a 19.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is currently owned by company insiders.

lululemon athletica Stock Performance

Shares of LULU stock traded down $0.14 on Friday, hitting $169.62. 7,873,945 shares of the company's stock traded hands, compared to its average volume of 7,232,313. lululemon athletica inc. has a one year low of $159.25 and a one year high of $423.32. The company's fifty day simple moving average is $197.38 and its 200 day simple moving average is $251.86. The stock has a market capitalization of $20.11 billion, a price-to-earnings ratio of 11.53, a P/E/G ratio of 10.60 and a beta of 1.12.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its earnings results on Thursday, September 4th. The apparel retailer reported $3.10 EPS for the quarter, beating the consensus estimate of $2.86 by $0.24. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. lululemon athletica had a net margin of 16.38% and a return on equity of 42.05%. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm 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. As a group, sell-side analysts anticipate that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on LULU shares. HSBC cut shares of lululemon athletica from a "buy" rating to a "hold" rating and set a $175.00 price target on the stock. in a research note on Thursday, September 11th. Jefferies Financial Group dropped their price target on shares of lululemon athletica from $160.00 to $150.00 and set an "underperform" rating on the stock in a research note on Tuesday, September 2nd. Morgan Stanley dropped their price target on shares of lululemon athletica from $280.00 to $223.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 26th. CICC Research restated a "market perform" rating and set a $280.49 price target on shares of lululemon athletica in a research note on Monday, June 9th. Finally, Sanford C. Bernstein dropped their price target on shares of lululemon athletica from $350.00 to $220.00 and set an "outperform" rating on the stock in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-three have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $239.30.

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.