Eaton Financial Holdings Company LLC Takes $643,000 Position in lululemon athletica inc. $LULU

Key Points

• Eaton Financial Holdings Company LLC recently acquired a new stake in lululemon athletica inc., purchasing 2,707 shares totaling approximately $643,000.
• Analysts have lowered their price targets for lululemon, with Truist Financial now setting a target of $170.00 after downgrading the stock from a "buy" to a "hold" rating.
• CEO Calvin McDonald sold 27,049 shares of lululemon stock for over $6.3 million, reflecting a 19.66% decrease in his position.

Eaton Financial Holdings Company LLC acquired a new stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,707 shares of the apparel retailer's stock, valued at approximately $643,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Manhattan West Asset Management LLC boosted its stake in shares of lululemon athletica by 5.4% during the first quarter. Manhattan West Asset Management LLC now owns 724 shares of the apparel retailer's stock valued at $205,000 after purchasing an additional 37 shares in the last quarter. Horizon Investments LLC boosted its stake in shares of lululemon athletica by 2.4% during the first quarter. Horizon Investments LLC now owns 1,610 shares of the apparel retailer's stock valued at $456,000 after purchasing an additional 38 shares in the last quarter. Carolinas Wealth Consulting LLC boosted its stake in shares of lululemon athletica by 30.7% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 166 shares of the apparel retailer's stock valued at $63,000 after purchasing an additional 39 shares in the last quarter. Moody National Bank Trust Division boosted its stake in shares of lululemon athletica by 1.2% during the first quarter. Moody National Bank Trust Division now owns 3,168 shares of the apparel retailer's stock valued at $897,000 after purchasing an additional 39 shares in the last quarter. Finally, GM Advisory Group LLC lifted its position in lululemon athletica by 2.0% during the first quarter. GM Advisory Group LLC now owns 1,992 shares of the apparel retailer's stock valued at $564,000 after acquiring an additional 40 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LULU has been the subject of a number of analyst reports. Truist Financial cut shares of lululemon athletica from a "buy" rating to a "hold" rating and set a $170.00 target price for the company. in a research report on Friday, September 5th. Rothschild & Co Redburn decreased their target price on shares of lululemon athletica from $230.00 to $160.00 and set a "sell" rating for the company in a research report on Friday, September 12th. Jefferies Financial Group decreased their target price on shares of lululemon athletica from $160.00 to $150.00 and set an "underperform" rating for the company in a research report on Tuesday, September 2nd. Citigroup decreased their target price on shares of lululemon athletica from $220.00 to $190.00 and set a "neutral" rating for the company in a research report on Friday, September 5th. Finally, Dbs Bank decreased their price target on shares of lululemon athletica from $165.00 to $134.00 in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-three have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, lululemon athletica has a consensus rating of "Hold" and an average target price of $235.67.

Insider Activity

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 shares were sold at an average price of $235.69, for a total value of $6,375,178.81. Following the sale, the chief executive officer directly owned 110,564 shares of the company's stock, valued at approximately $26,058,829.16. The trade was a 19.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.54% of the company's stock.

lululemon athletica Trading Up 2.2%

NASDAQ:LULU opened at $173.41 on Tuesday. The company's 50-day moving average price is $196.27 and its 200-day moving average price is $249.99. The company has a market cap of $20.56 billion, a P/E ratio of 11.79, a P/E/G ratio of 10.59 and a beta of 1.12. lululemon athletica inc. has a twelve month low of $159.25 and a twelve month high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings results on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.24. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. lululemon athletica had a net margin of 16.38% and a return on equity of 42.05%. The company's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the firm posted $3.15 earnings per share. 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, analysts expect that lululemon athletica inc. will post 14.36 earnings per share 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.

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