Avenir Corp Sells 1,254 Shares of lululemon athletica inc. $LULU

Key Points

• Avenir Corp reduced its stake in lululemon athletica by 1.0%, holding approximately $34.55 million worth of stock, which represents 3.6% of its portfolio.
• The company's stock has experienced a market capitalization of $24.27 billion and has a one-year price range between $185.95 and $423.32.
• lululemon athletica reported earnings of $2.60 EPS for the most recent quarter and provided FY 2025 guidance between $14.580 and $14.780 EPS.

Avenir Corp trimmed its position in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 122,051 shares of the apparel retailer's stock after selling 1,254 shares during the quarter. lululemon athletica makes up about 3.6% of Avenir Corp's investment portfolio, making the stock its 10th largest holding. Avenir Corp owned approximately 0.10% of lululemon athletica worth $34,548,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Lido Advisors LLC increased its position in lululemon athletica by 1.9% in the 4th quarter. Lido Advisors LLC now owns 1,748 shares of the apparel retailer's stock worth $668,000 after buying an additional 32 shares during the period. Colonial Trust Co SC increased its position in lululemon athletica by 2.1% in the 4th quarter. Colonial Trust Co SC now owns 1,737 shares of the apparel retailer's stock worth $664,000 after buying an additional 36 shares during the period. Manhattan West Asset Management LLC increased its position in lululemon athletica by 5.4% in the 1st quarter. Manhattan West Asset Management LLC now owns 724 shares of the apparel retailer's stock worth $205,000 after buying an additional 37 shares during the period. Horizon Investments LLC increased its position in lululemon athletica by 2.4% in the 1st quarter. Horizon Investments LLC now owns 1,610 shares of the apparel retailer's stock worth $456,000 after buying an additional 38 shares during the period. Finally, Carolinas Wealth Consulting LLC increased its position in shares of lululemon athletica by 30.7% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 166 shares of the apparel retailer's stock valued at $63,000 after purchasing an additional 39 shares during the period. 85.20% of the stock is currently owned by institutional investors and hedge funds.

lululemon athletica Stock Down 1.4%

NASDAQ:LULU traded down $2.88 during trading hours on Friday, reaching $202.20. The company had a trading volume of 3,158,627 shares, compared to its average volume of 3,422,237. The stock has a 50-day moving average of $216.27 and a two-hundred day moving average of $272.41. lululemon athletica inc. has a one year low of $185.95 and a one year high of $423.32. The firm has a market capitalization of $24.23 billion, a PE ratio of 13.70, a PEG ratio of 1.76 and a beta of 1.16.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly 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 for the quarter, compared to analysts' expectations of $2.36 billion. During the same period in the prior year, the business posted $2.54 earnings per share. The business'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 expect that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Bank of America lowered their price objective on lululemon athletica from $370.00 to $300.00 and set a "buy" rating on the stock in a research report on Tuesday. KeyCorp lowered their price objective on lululemon athletica from $400.00 to $350.00 and set an "overweight" rating on the stock in a research report on Friday, June 6th. CICC Research restated a "market perform" rating and set a $280.49 price objective on shares of lululemon athletica in a research report on Monday, June 9th. Morgan Stanley lowered their price objective on lululemon athletica from $280.00 to $223.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Finally, Truist Financial lowered their price objective on lululemon athletica from $297.00 to $290.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, lululemon athletica has a consensus rating of "Moderate Buy" and a consensus price target of $305.75.

Insider Buying and Selling

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the business'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 transaction, the chief executive officer owned 110,564 shares of the company's stock, valued at approximately $26,058,829.16. The trade was a 19.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.54% of the company's stock.

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.