lululemon athletica inc. $LULU Shares Sold by APG Asset Management N.V.

Key Points

• APG Asset Management N.V. reduced its stake in lululemon athletica inc. by 5.1%, now holding 71,401 shares valued at $18.71 million.
• The CEO, Calvin McDonald, sold 27,049 shares at an average price of $235.69, decreasing his stake by 19.66%.
• Current analyst ratings suggest a mixed outlook with an average price target of $319.98 and a rating of "Moderate Buy" for lululemon athletica.

APG Asset Management N.V. trimmed its holdings in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 5.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,401 shares of the apparel retailer's stock after selling 3,839 shares during the period. APG Asset Management N.V. owned 0.06% of lululemon athletica worth $18,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. N.E.W. Advisory Services LLC acquired a new stake in shares of lululemon athletica during the 1st quarter worth about $25,000. Cornerstone Planning Group LLC boosted its holdings 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 purchasing an additional 81 shares in the last quarter. Anderson Financial Strategies LLC purchased a new position in lululemon athletica in the fourth quarter valued at approximately $30,000. Zions Bancorporation National Association UT acquired a new stake in lululemon athletica during the first quarter worth approximately $31,000. Finally, Garde Capital Inc. purchased a new stake in shares of lululemon athletica during the 1st quarter worth approximately $35,000. 85.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the transaction, the chief executive officer owned 110,564 shares in the company, valued at approximately $26,058,829.16. The trade was a 19.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.54% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on LULU shares. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $385.00 target price on shares of lululemon athletica in a research report on Monday, June 2nd. Citigroup decreased their price objective on shares of lululemon athletica from $270.00 to $220.00 and set a "neutral" rating for the company in a research note on Wednesday. Morgan Stanley dropped their price objective on lululemon athletica from $280.00 to $223.00 and set an "equal weight" rating on the stock in a report on Tuesday. Bank of America cut their target price on lululemon athletica from $370.00 to $300.00 and set a "buy" rating on the stock in a research report on Tuesday. Finally, Evercore ISI upped 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 research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $309.75.

lululemon athletica Trading Down 0.2%

Shares of lululemon athletica stock traded down $0.49 during trading hours on Thursday, hitting $205.08. 2,826,636 shares of the company were exchanged, compared to its average volume of 2,684,829. The business has a 50-day moving average of $217.25 and a 200-day moving average of $275.10. lululemon athletica inc. has a 1 year low of $185.95 and a 1 year high of $423.32. The stock has a market capitalization of $24.58 billion, a price-to-earnings ratio of 13.89, a P/E/G ratio of 1.74 and a beta of 1.16.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.60. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The company had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.36 billion. During the same period in the previous year, the company posted $2.54 EPS. lululemon athletica'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, research analysts anticipate 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.