Adage Capital Partners GP L.L.C. Sells 23,200 Shares of lululemon athletica inc. $LULU

Key Points

• Adage Capital Partners GP L.L.C. reduced its stake in lululemon athletica by 18.5%, holding 102,300 shares valued at approximately $28.96 million after selling 23,200 shares in the first quarter.
• Various institutional investors increased their holdings in lululemon, with Twin Capital Management growing its position by 58.3% and Narwhal Capital Management boosting theirs by 262.7% in the same period.
• Analysts have adjusted their ratings and price targets for lululemon, with Barclays lowering its target to $209, and only one analyst giving it a Strong Buy rating among mixed analyses from fourteen Buy and thirteen Hold ratings.

Adage Capital Partners GP L.L.C. cut its holdings in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 18.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 102,300 shares of the apparel retailer's stock after selling 23,200 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.08% of lululemon athletica worth $28,957,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. N.E.W. Advisory Services LLC acquired a new position in shares of lululemon athletica in the first quarter valued at about $25,000. Cornerstone Planning Group LLC grew its stake in 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 buying an additional 81 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in lululemon athletica during the first quarter worth about $31,000. Garde Capital Inc. acquired a new stake in lululemon athletica during the first quarter worth about $35,000. Finally, CENTRAL TRUST Co grew 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 worth $37,000 after buying an additional 79 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LULU. Wells Fargo & Company reduced their price objective on shares of lululemon athletica from $205.00 to $160.00 and set an "equal weight" rating on the stock in a research note on Friday. JPMorgan Chase & Co. reduced their price objective on shares of lululemon athletica from $224.00 to $191.00 and set a "neutral" rating on the stock in a research note on Friday. Truist Financial downgraded shares of lululemon athletica from a "buy" rating to a "hold" rating and set a $170.00 price objective on the stock. in a research note on Friday. Robert W. Baird reduced their price target on shares of lululemon athletica from $260.00 to $225.00 and set an "outperform" rating on the stock in a research note on Friday. Finally, KeyCorp reduced their price target on shares of lululemon athletica from $400.00 to $350.00 and set an "overweight" rating on the stock in a research note on Friday, June 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twenty have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $245.79.

Insider Activity at lululemon athletica

In other news, CEO Calvin Mcdonald sold 27,049 shares of the firm's 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 completion of 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 filing with the SEC, which is available through this link. 0.54% of the stock is currently owned by company insiders.

lululemon athletica Price Performance

Shares of LULU traded down $38.29 during trading hours on Friday, hitting $167.80. 36,729,936 shares of the stock were exchanged, compared to its average volume of 5,640,420. lululemon athletica inc. has a fifty-two week low of $163.98 and a fifty-two week high of $423.32. The business has a 50-day moving average of $212.64 and a 200-day moving average of $265.38. The firm has a market capitalization of $20.11 billion, a P/E ratio of 11.41, a price-to-earnings-growth ratio of 1.60 and a beta of 1.12.

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

About lululemon athletica

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.