lululemon athletica inc. $LULU Shares Acquired by Baird Financial Group Inc.

Key Points

• Baird Financial Group Inc. increased its stake in lululemon athletica by 4.2%, owning a total of 61,250 shares worth approximately $17.34 million after acquiring an additional 2,471 shares in the 1st quarter.
• Key analysts have adjusted their price targets for lululemon, with notable changes including KeyCorp lowering from $400 to $350 and Jefferies reducing from $220 to $200, indicating varying sentiment on the stock's performance.
• The company's latest earnings report revealed a 7.3% increase in revenue year-over-year, reporting $2.37 billion in revenue and an EPS of $2.60, aligning with analyst expectations.

Baird Financial Group Inc. grew its holdings in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 4.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 61,250 shares of the apparel retailer's stock after acquiring an additional 2,471 shares during the quarter. Baird Financial Group Inc. owned about 0.05% of lululemon athletica worth $17,337,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. N.E.W. Advisory Services LLC purchased a new position in shares of lululemon athletica in the 1st quarter valued at about $25,000. Cornerstone Planning Group LLC increased its holdings in shares of lululemon athletica by 506.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock valued at $26,000 after acquiring an additional 81 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of lululemon athletica in the 1st quarter valued at about $31,000. Garde Capital Inc. purchased a new position in shares of lululemon athletica in the 1st quarter valued at about $35,000. Finally, CENTRAL TRUST Co increased its holdings in shares of lululemon athletica by 154.9% in the 1st quarter. CENTRAL TRUST Co now owns 130 shares of the apparel retailer's stock valued at $37,000 after acquiring an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company's stock.

Insiders Place Their Bets

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 stock was 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 directly owned 110,564 shares of the company's stock, valued at approximately $26,058,829.16. This trade represents a 19.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.54% of the company's stock.

lululemon athletica Stock Performance

lululemon athletica stock traded down $38.29 during mid-day trading on Friday, reaching $167.80. 36,729,936 shares of the company were exchanged, compared to its average volume of 3,960,537. lululemon athletica inc. has a twelve month low of $163.98 and a twelve month high of $423.32. The firm's 50-day simple moving average is $212.64 and its two-hundred day simple moving average is $266.09. The firm has a market cap of $20.11 billion, a PE ratio of 11.41, a price-to-earnings-growth ratio of 1.77 and a beta of 1.12.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share for the quarter, topping analysts' consensus estimates of $2.86 by $0.24. lululemon athletica had a return on equity of 42.52% and a net margin of 16.38%.The company had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.55 billion. During the same period last year, the firm earned $3.15 EPS. The firm's revenue for the quarter was up 6.5% on a year-over-year basis. 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, equities research analysts anticipate that lululemon athletica inc. will post 14.36 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LULU. William Blair downgraded lululemon athletica from an "outperform" rating to a "market perform" rating in a report on Friday. Wells Fargo & Company decreased their target price on lululemon athletica from $205.00 to $160.00 and set an "equal weight" rating for the company in a research report on Friday. UBS Group decreased their target price on lululemon athletica from $240.00 to $185.00 and set a "neutral" rating for the company in a research report on Friday. KeyCorp decreased their target price on lululemon athletica from $400.00 to $350.00 and set an "overweight" rating for the company in a research report on Friday, June 6th. Finally, Evercore ISI reissued an "in-line" rating and issued a $180.00 target price (down from $265.00) on shares of lululemon athletica in a research report on Friday. One equities research 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 given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $245.79.

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.