American Century Companies Inc. Boosts Stock Position in lululemon athletica inc. $LULU

Key Points

• American Century Companies Inc. increased its holdings in lululemon athletica by 12.1% in Q1, now owning over 1.3 million shares valued at approximately $368.3 million.
• Several hedge funds, including Twin Capital Management Inc. and Narwhal Capital Management, also significantly increased their stakes in lululemon during the same quarter.
• Wall Street analysts have lowered their target prices for lululemon's stock, with a consensus rating of "Moderate Buy" and an average target price of $327.15.

American Century Companies Inc. boosted its holdings in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 12.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,301,017 shares of the apparel retailer's stock after buying an additional 139,944 shares during the period. American Century Companies Inc. owned approximately 1.08% of lululemon athletica worth $368,266,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of LULU. Price T Rowe Associates Inc. MD boosted its stake in lululemon athletica by 95.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer's stock valued at $1,854,160,000 after buying an additional 2,371,079 shares in the last quarter. GAMMA Investing LLC boosted its stake in lululemon athletica by 37,062.1% in the 1st quarter. GAMMA Investing LLC now owns 563,006 shares of the apparel retailer's stock valued at $159,364,000 after buying an additional 561,491 shares in the last quarter. Capital World Investors grew its holdings in shares of lululemon athletica by 34.6% during the fourth quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock worth $827,338,000 after purchasing an additional 556,406 shares during the last quarter. Nuveen LLC bought a new stake in shares of lululemon athletica during the first quarter worth $123,894,000. Finally, Ameriprise Financial Inc. grew its holdings in shares of lululemon athletica by 128.2% during the fourth quarter. Ameriprise Financial Inc. now owns 706,300 shares of the apparel retailer's stock worth $270,223,000 after purchasing an additional 396,732 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the 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 approximately $26,058,829.16. This represents a 19.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on LULU. Truist Financial decreased their target price on lululemon athletica from $297.00 to $290.00 and set a "buy" rating on the stock in a report on Friday, June 6th. KeyCorp cut their target price on lululemon athletica from $400.00 to $350.00 and set an "overweight" rating on the stock in a research note on Friday, June 6th. Stifel Nicolaus dropped their price target on lululemon athletica from $353.00 to $324.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. Piper Sandler dropped their price target on lululemon athletica from $270.00 to $200.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 29th. Finally, Evercore ISI lifted their target price on lululemon athletica from $320.00 to $400.00 and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $319.98.

lululemon athletica Price Performance

LULU traded down $5.96 during trading on Tuesday, hitting $197.66. The stock had a trading volume of 4,292,884 shares, compared to its average volume of 2,673,208. The firm has a market cap of $23.69 billion, a price-to-earnings ratio of 13.39, a P/E/G ratio of 1.69 and a beta of 1.16. lululemon athletica inc. has a one year low of $185.95 and a one year high of $423.32. The company has a 50 day moving average price of $223.05 and a 200-day moving average price of $283.40.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, meeting analysts' consensus estimates of $2.60. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%.The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the prior year, the company posted $2.54 EPS. The company's revenue was up 7.3% compared to the same quarter last year. 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 EPS for the current fiscal year.

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.