Banco Bilbao Vizcaya Argentaria S.A. Sells 2,643 Shares of lululemon athletica inc. $LULU

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. reduced its holdings in lululemon athletica by 9.2%, selling 2,643 shares and retaining 26,037 shares valued at approximately $7.38 million.
• CEO Calvin McDonald sold 27,049 shares of lululemon's stock for over $6.37 million, representing a 19.66% decrease in his ownership.
• Analysts have recently cut their price targets for lululemon athletica, with Barclays reducing it from $270 to $209, while maintaining an "equal weight" rating on the stock.

Banco Bilbao Vizcaya Argentaria S.A. lessened its holdings in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 9.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 26,037 shares of the apparel retailer's stock after selling 2,643 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in lululemon athletica were worth $7,381,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Anderson Financial Strategies LLC acquired a new position in shares of lululemon athletica during the 4th quarter worth about $30,000. N.E.W. Advisory Services LLC acquired a new position in shares of lululemon athletica during the 1st quarter worth about $25,000. Cornerstone Planning Group LLC lifted its position in shares of lululemon athletica by 506.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock worth $26,000 after purchasing an additional 81 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of lululemon athletica during the 1st quarter worth about $31,000. Finally, Garde Capital Inc. acquired a new position in shares of lululemon athletica during the 1st quarter worth about $35,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Insider Buying and Selling at lululemon athletica

In other news, CEO Calvin Mcdonald sold 27,049 shares of the company'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 value of $6,375,178.81. Following the sale, the chief executive officer directly owned 110,564 shares in the company, 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 is accessible through this link. Corporate insiders own 0.54% of the company's stock.

Analyst Ratings Changes

LULU has been the subject of several research analyst reports. Barclays cut their price objective on lululemon athletica from $270.00 to $209.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 6th. JPMorgan Chase & Co. cut lululemon athletica from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $303.00 to $224.00 in a research report on Tuesday, July 22nd. KeyCorp cut their price target on lululemon athletica from $400.00 to $350.00 and set an "overweight" rating for the company in a report on Friday, June 6th. Citigroup cut their price target on lululemon athletica from $325.00 to $270.00 and set a "neutral" rating for the company in a report on Friday, June 6th. Finally, Jefferies Financial Group cut their price target on lululemon athletica from $220.00 to $200.00 and set an "underperform" rating for the company in a report on Friday, June 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, lululemon athletica has an average rating of "Moderate Buy" and an average target price of $319.98.

lululemon athletica Trading Up 0.2%

LULU stock opened at $198.12 on Thursday. lululemon athletica inc. has a 1-year low of $185.95 and a 1-year high of $423.32. The firm has a market cap of $23.74 billion, a P/E ratio of 13.42, a P/E/G ratio of 1.69 and a beta of 1.16. The business's 50 day moving average is $220.75 and its 200-day moving average is $282.22.

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 for the quarter, meeting the consensus estimate of $2.60. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%.The company had revenue of $2.37 billion for the quarter, compared to analyst estimates 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. Sell-side analysts forecast that lululemon athletica inc. will post 14.36 EPS for the current 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.

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