Bwcp LP Has $14.47 Million Stock Position in lululemon athletica inc. $LULU

Key Points

• Bwcp LP reduced its stake in lululemon athletica by 17.9% during the first quarter, selling 11,153 shares and retaining 51,109 shares valued at approximately $14.5 million.
• Several large investors, including Vanguard Group and Price T Rowe Associates, increased their positions in lululemon athletica, underscoring ongoing institutional interest in the stock.
• CEO Calvin Mcdonald sold 27,049 shares, representing a 19.66% reduction in his holdings, after which he owned 110,564 shares worth approximately $26.1 million.

Bwcp LP lessened its holdings in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 17.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,109 shares of the apparel retailer's stock after selling 11,153 shares during the period. lululemon athletica accounts for about 2.9% of Bwcp LP's investment portfolio, making the stock its 20th biggest holding. Bwcp LP's holdings in lululemon athletica were worth $14,467,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in LULU. Brighton Jones LLC bought a new stake in lululemon athletica during the 4th quarter valued at $429,000. Fourth Dimension Wealth LLC bought a new stake in shares of lululemon athletica during the fourth quarter valued at about $61,000. Aptus Capital Advisors LLC lifted its holdings in lululemon athletica by 68.8% in the fourth quarter. Aptus Capital Advisors LLC now owns 1,430 shares of the apparel retailer's stock worth $547,000 after purchasing an additional 583 shares during the period. Ancora Advisors LLC lifted its holdings in lululemon athletica by 28.2% in the fourth quarter. Ancora Advisors LLC now owns 1,046 shares of the apparel retailer's stock worth $400,000 after purchasing an additional 230 shares during the period. Finally, Ameriprise Financial Inc. grew its position in lululemon athletica by 128.2% in the 4th quarter. Ameriprise Financial Inc. now owns 706,300 shares of the apparel retailer's stock valued at $270,223,000 after buying an additional 396,732 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Calvin Mcdonald sold 27,049 shares of the firm's stock in a transaction dated 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 $26,058,829.16. This trade represents a 19.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Morgan Stanley dropped their price target on shares of lululemon athletica from $280.00 to $223.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 26th. Truist Financial cut lululemon athletica from a "buy" rating to a "hold" rating and set a $170.00 target price on the stock. in a report on Friday. BTIG Research decreased their price target on lululemon athletica from $375.00 to $303.00 and set a "buy" rating for the company in a research note on Friday. KeyCorp dropped their price objective on lululemon athletica from $400.00 to $350.00 and set an "overweight" rating on the stock in a research note on Friday, June 6th. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $200.00 target price (down from $360.00) on shares of lululemon athletica in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twenty have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $245.79.

lululemon athletica Trading Down 18.6%

NASDAQ:LULU traded down $38.29 on Friday, hitting $167.80. 36,729,936 shares of the company's stock traded hands, compared to its average volume of 3,960,537. The company 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 inc. has a 1 year low of $163.98 and a 1 year high of $423.32. The firm has a 50-day moving average price of $212.64 and a 200-day moving average price of $266.09.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its earnings results on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.86 by $0.24. lululemon athletica had a net margin of 16.38% and a return on equity of 42.52%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the business posted $3.15 EPS. The company'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. On average, research analysts forecast that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

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.