Comerica Bank Decreases Stock Position in lululemon athletica inc. $LULU

Key Points

• Comerica Bank has reduced its stake in lululemon athletica by 8.5%, now holding 21,123 shares valued at approximately $5.98 million.
• Several institutional investors have made significant changes to their positions in lululemon, with 85.20% of the stock currently owned by hedge funds and other institutions.
• Wall Street analysts have adjusted their price targets for lululemon athletica, with the average target now at $309.75 and a general consensus rating of "Moderate Buy."

Comerica Bank lowered its stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 8.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,123 shares of the apparel retailer's stock after selling 1,964 shares during the quarter. Comerica Bank's holdings in lululemon athletica were worth $5,979,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Anderson Financial Strategies LLC purchased a new stake in lululemon athletica in the fourth quarter worth approximately $30,000. N.E.W. Advisory Services LLC purchased a new stake in lululemon athletica in the first quarter worth approximately $25,000. Cornerstone Planning Group LLC boosted its holdings in lululemon athletica by 506.3% in the first 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 purchased a new stake in lululemon athletica in the first quarter worth approximately $31,000. Finally, Garde Capital Inc. purchased a new stake in lululemon athletica in the first quarter worth approximately $35,000. Hedge funds and other institutional investors own 85.20% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on LULU. BTIG Research dropped their price target on shares of lululemon athletica from $405.00 to $375.00 and set a "buy" rating on the stock in a research note on Wednesday. UBS Group dropped their price target on shares of lululemon athletica from $290.00 to $240.00 and set a "neutral" rating on the stock in a research note on Monday, August 18th. CICC Research reiterated a "market perform" rating and set a $280.49 price target on shares of lululemon athletica in a research note on Monday, June 9th. Needham & Company LLC dropped their price target on shares of lululemon athletica from $317.00 to $238.00 and set a "buy" rating on the stock in a research note on Friday. Finally, Truist Financial dropped their price target on shares of lululemon athletica from $297.00 to $290.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $305.75.

Insider Buying and Selling at lululemon athletica

In related news, CEO Calvin Mcdonald sold 27,049 shares of lululemon athletica 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 transaction, the chief executive officer owned 110,564 shares in the company, valued at approximately $26,058,829.16. The trade was a 19.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.54% of the company's stock.

lululemon athletica Trading Down 1.4%

Shares of LULU traded down $2.88 during trading hours on Friday, reaching $202.20. 3,158,627 shares of the stock traded hands, compared to its average volume of 3,345,829. lululemon athletica inc. has a 52-week low of $185.95 and a 52-week high of $423.32. The company's 50-day moving average price is $216.27 and its two-hundred day moving average price is $271.56. The company has a market cap of $24.23 billion, a P/E ratio of 13.70, a price-to-earnings-growth ratio of 1.74 and a beta of 1.12.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, meeting analysts' consensus estimates of $2.60. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The company had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.36 billion. During the same quarter in the previous year, the company earned $2.54 EPS. lululemon athletica's revenue for the quarter was up 7.3% on a year-over-year basis. 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 forecast that lululemon athletica inc. will post 14.36 EPS for the current year.

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.