Candriam S.C.A. Sells 17,592 Shares of lululemon athletica inc. $LULU

Key Points

• Candriam S.C.A. sold 17,592 shares of lululemon athletica, reducing its stake by 20%, and now holds 70,443 shares valued at approximately $19.94 million.
• CEO Calvin Mcdonald also sold 27,049 shares, marking a 19.66% decrease in his ownership.
• Brokerages have lowered their price targets for lululemon athletica, with BMO Capital Markets reducing it from $302 to $250, and analysts generally maintain a rating of "Moderate Buy" with an average price target of $319.98.

Candriam S.C.A. decreased its position in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 20.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,443 shares of the apparel retailer's stock after selling 17,592 shares during the quarter. Candriam S.C.A. owned 0.06% of lululemon athletica worth $19,940,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in lululemon athletica by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 13,266,929 shares of the apparel retailer's stock valued at $3,755,337,000 after purchasing an additional 157,764 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in lululemon athletica by 95.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer's stock valued at $1,854,160,000 after purchasing an additional 2,371,079 shares during the last quarter. Flossbach Von Storch SE boosted its stake in lululemon athletica by 10.3% during the 1st quarter. Flossbach Von Storch SE now owns 1,401,885 shares of the apparel retailer's stock valued at $396,818,000 after purchasing an additional 130,565 shares during the last quarter. Invesco Ltd. boosted its stake in lululemon athletica by 7.2% during the 1st quarter. Invesco Ltd. now owns 1,387,609 shares of the apparel retailer's stock valued at $392,777,000 after purchasing an additional 93,530 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in lululemon athletica by 12.1% during the 1st quarter. American Century Companies Inc. now owns 1,301,017 shares of the apparel retailer's stock valued at $368,266,000 after purchasing an additional 139,944 shares during the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Calvin Mcdonald sold 27,049 shares of the firm's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.54% of the company's stock.

lululemon athletica Price Performance

Shares of NASDAQ LULU opened at $198.12 on Thursday. The firm has a fifty day moving average price of $220.75 and a 200-day moving average price of $282.22. The stock has a market cap of $23.74 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 1.69 and a beta of 1.16. lululemon athletica inc. has a 1 year low of $185.95 and a 1 year high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, meeting the consensus estimate of $2.60. The company had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.36 billion. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. lululemon athletica's quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the company posted $2.54 earnings per share. lululemon athletica has set its FY 2025 guidance at 14.580-14.780 EPS. Q2 2025 guidance at 2.850-2.900 EPS. On average, research analysts expect that lululemon athletica inc. will post 14.36 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LULU. BMO Capital Markets cut their target price on lululemon athletica from $302.00 to $250.00 and set a "market perform" rating on the stock in a research note on Friday, June 6th. Citigroup lowered their price objective on shares of lululemon athletica from $325.00 to $270.00 and set a "neutral" rating on the stock in a research report on Friday, June 6th. BTIG Research lowered their price objective on shares of lululemon athletica from $420.00 to $405.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. Stifel Nicolaus lowered their price objective on shares of lululemon athletica from $353.00 to $324.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. Finally, Robert W. Baird lowered their price objective on shares of lululemon athletica from $340.00 to $260.00 and set an "outperform" rating on the stock in a research report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, lululemon athletica currently has an average rating of "Moderate Buy" and an average price target of $319.98.

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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