Clark Capital Management Group Inc. Sells 49,992 Shares of lululemon athletica inc. $LULU

Key Points

• Clark Capital Management Group Inc. has reduced its holdings in lululemon athletica by 34.3%, selling 49,992 shares during the 1st quarter, leaving it with about 95,558 shares valued at $27,049,000.
• CEO Calvin McDonald sold 27,049 shares at an average price of $235.69, resulting in a 19.66% decrease in his position, which is now valued at approximately $26 million.
• Securities analysts have lowered their price targets for lululemon athletica, with Citigroup reducing its target from $270 to $220, reflecting a range of outlooks on the stock among different brokerages.

Clark Capital Management Group Inc. trimmed its stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 34.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 95,558 shares of the apparel retailer's stock after selling 49,992 shares during the quarter. Clark Capital Management Group Inc. owned about 0.08% of lululemon athletica worth $27,049,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC acquired a new stake in shares of lululemon athletica in the 4th quarter worth about $429,000. Fourth Dimension Wealth LLC acquired a new position in shares of lululemon athletica during the fourth quarter valued at $61,000. Aptus Capital Advisors LLC increased its holdings in shares of lululemon athletica by 68.8% during the fourth quarter. Aptus Capital Advisors LLC now owns 1,430 shares of the apparel retailer's stock valued at $547,000 after purchasing an additional 583 shares during the period. CoreCap Advisors LLC increased its stake in lululemon athletica by 43.5% during the 4th quarter. CoreCap Advisors LLC now owns 254 shares of the apparel retailer's stock valued at $97,000 after buying an additional 77 shares during the period. Finally, Colonial Trust Co SC increased its position in shares of lululemon athletica by 2.1% during the 4th quarter. Colonial Trust Co SC now owns 1,737 shares of the apparel retailer's stock valued at $664,000 after purchasing an additional 36 shares during the period. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at lululemon athletica

In other news, CEO Calvin Mcdonald sold 27,049 shares of the business'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 transaction 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. The trade was a 19.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. UBS Group lowered their target price on lululemon athletica from $240.00 to $185.00 and set a "neutral" rating on the stock in a report on Friday. BTIG Research decreased their target price on lululemon athletica from $375.00 to $303.00 and set a "buy" rating on the stock in a report on Friday. Oppenheimer restated a "market perform" rating and issued a $500.00 target price on shares of lululemon athletica in a report on Friday. Telsey Advisory Group reissued a "market perform" rating and issued a $200.00 price target (down previously from $360.00) on shares of lululemon athletica in a research note on Friday. Finally, Wells Fargo & Company lowered their price target on lululemon athletica from $205.00 to $160.00 and set an "equal weight" rating on the stock in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twenty have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $245.79.

lululemon athletica Trading Down 18.6%

LULU traded down $38.29 during trading on Friday, hitting $167.80. The stock had a trading volume of 36,729,936 shares, compared to its average volume of 5,640,420. The firm has a market cap of $20.11 billion, a PE ratio of 11.41, a P/E/G ratio of 1.60 and a beta of 1.12. lululemon athletica inc. has a 12 month low of $163.98 and a 12 month high of $423.32. The company has a 50 day simple moving average of $212.64 and a 200-day simple moving average of $265.38.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data on Thursday, September 4th. The apparel retailer reported $3.10 EPS for the quarter, topping analysts' consensus estimates of $2.86 by $0.24. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the previous year, the company posted $3.15 earnings per share. 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, sell-side analysts anticipate that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal 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.