Ameriprise Financial Inc. Raises Stock Holdings in lululemon athletica inc. $LULU

Key Points

• Ameriprise Financial Inc. increased its holdings in lululemon athletica by 5.9% during the first quarter, now owning approximately 0.62% of the company, valued at $211.7 million.
• Overall, institutional investors control 85.20% of lululemon’s stock, with multiple firms increasing their stakes in recent months.
• In its latest earnings report, lululemon reported $2.60 EPS and revenue of $2.37 billion, with a guidance of 14.580-14.780 EPS for FY 2025.

Ameriprise Financial Inc. raised its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 5.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 748,236 shares of the apparel retailer's stock after buying an additional 41,936 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.62% of lululemon athletica worth $211,704,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LULU. Brighton Jones LLC purchased a new stake in lululemon athletica in the fourth quarter valued at approximately $429,000. Fourth Dimension Wealth LLC purchased a new stake in shares of lululemon athletica during the fourth quarter worth approximately $61,000. MGO One Seven LLC raised its stake in shares of lululemon athletica by 19.3% during the fourth quarter. MGO One Seven LLC now owns 2,128 shares of the apparel retailer's stock worth $814,000 after purchasing an additional 345 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of lululemon athletica during the fourth quarter worth approximately $505,000. Finally, Syon Capital LLC purchased a new stake in shares of lululemon athletica during the fourth quarter worth approximately $201,000. Hedge funds and other institutional investors own 85.20% of the company's stock.

lululemon athletica Stock Performance

NASDAQ:LULU opened at $207.59 on Friday. The stock has a fifty day moving average price of $219.14 and a two-hundred day moving average price of $279.32. The stock has a market capitalization of $24.88 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 1.69 and a beta of 1.16. lululemon athletica inc. has a 1 year low of $185.95 and a 1 year high of $423.32.

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 firm had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.36 billion. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%.lululemon athletica's revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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. On average, analysts predict that lululemon athletica inc. will post 14.36 EPS for the current year.

Wall Street Analyst Weigh In

LULU has been the subject of several analyst reports. 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. Barclays cut their price target on lululemon athletica from $270.00 to $209.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 6th. Morgan Stanley restated an "equal weight" rating and set a $280.00 price target (down previously from $346.00) on shares of lululemon athletica in a research note on Monday, June 9th. Bank of America cut their price target on lululemon athletica from $400.00 to $370.00 and set a "buy" rating for the company in a research note on Friday, June 6th. Finally, BTIG Research cut their price target on lululemon athletica from $420.00 to $405.00 and set a "buy" rating for the company in a research note on Friday, June 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $319.98.

Insiders Place Their Bets

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the company's stock in a transaction on 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.54% of the company's stock.

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.

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