Concurrent Investment Advisors LLC Raises Stake in lululemon athletica inc. $LULU

Key Points

• Concurrent Investment Advisors LLC has increased its stake in lululemon athletica by 240.8%, now owning 3,054 shares valued at $726,000.
• Multiple analysts have lowered price targets for lululemon, with Morgan Stanley reducing its target from $223 to $185, and Bank of America lowering theirs from $210 to $185.
• Institutional investors collectively own 85.20% of lululemon's stock, indicating significant interest from large financial entities.

Concurrent Investment Advisors LLC lifted its stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 240.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,054 shares of the apparel retailer's stock after acquiring an additional 2,158 shares during the period. Concurrent Investment Advisors LLC's holdings in lululemon athletica were worth $726,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of LULU. N.E.W. Advisory Services LLC acquired a new stake in lululemon athletica during the first quarter worth about $25,000. Cornerstone Planning Group LLC grew its stake in shares of lululemon athletica by 506.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock valued at $26,000 after buying an additional 81 shares during the period. Flaharty Asset Management LLC purchased a new stake in shares of lululemon athletica in the 1st quarter valued at approximately $29,000. Zions Bancorporation National Association UT acquired a new stake in shares of lululemon athletica during the 1st quarter worth approximately $31,000. Finally, Blue Trust Inc. raised its position in shares of lululemon athletica by 96.8% during the 2nd quarter. Blue Trust Inc. now owns 124 shares of the apparel retailer's stock valued at $29,000 after buying an additional 61 shares during the period. Institutional investors and hedge funds own 85.20% of the company's stock.

Insider Transactions at lululemon athletica

In related news, insider Nicole Neuburger sold 615 shares of the business's stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $178.00, for a total transaction of $109,470.00. Following the completion of the transaction, the insider directly owned 8,993 shares of the company's stock, valued at $1,600,754. The trade was a 6.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

LULU has been the subject of several analyst reports. Morgan Stanley lowered their price objective on lululemon athletica from $223.00 to $185.00 and set an "equal weight" rating for the company in a research report on Tuesday, September 30th. Robert W. Baird reiterated a "neutral" rating and set a $195.00 price target (down from $225.00) on shares of lululemon athletica in a report on Tuesday, September 23rd. Bank of America reduced their price objective on shares of lululemon athletica from $210.00 to $185.00 and set a "neutral" rating on the stock in a report on Friday, September 12th. The Goldman Sachs Group decreased their target price on shares of lululemon athletica from $232.00 to $200.00 and set a "neutral" rating on the stock in a research report on Friday, September 5th. Finally, Oppenheimer reiterated a "market perform" rating and set a $500.00 price target on shares of lululemon athletica in a research report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twenty-seven have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $231.26.

lululemon athletica Price Performance

Shares of NASDAQ:LULU opened at $164.62 on Friday. The firm has a market capitalization of $19.52 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 10.45 and a beta of 1.07. The firm's 50-day moving average is $182.11 and its two-hundred day moving average is $232.60. lululemon athletica inc. has a 1 year low of $159.25 and a 1 year high of $423.32.

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, beating the consensus estimate of $2.86 by $0.24. lululemon athletica had a net margin of 16.38% and a return on equity of 42.05%. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the firm posted $3.15 earnings per share. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. Analysts expect that lululemon athletica inc. will post 14.36 EPS for the current fiscal 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.

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