Empowered Funds LLC Acquires 28,749 Shares of lululemon athletica inc. $LULU

Key Points

• Empowered Funds LLC increased its holdings in lululemon athletica by 1,354.2% during the first quarter, now owning a total of 30,872 shares valued at approximately $8.7 million.
• CEO Calvin McDonald sold 27,049 shares of lululemon stock at an average price of $235.69, reducing his stake by 19.66%.
• Analysts have reduced price targets for lululemon athletica, with Goldman Sachs lowering its target to $200.00 and others also advising a "neutral" or "hold" rating amidst ongoing market adjustments.

Empowered Funds LLC lifted its holdings in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 1,354.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,872 shares of the apparel retailer's stock after acquiring an additional 28,749 shares during the period. Empowered Funds LLC's holdings in lululemon athletica were worth $8,739,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LULU. N.E.W. Advisory Services LLC purchased a new position in lululemon athletica in the 1st quarter worth approximately $25,000. Cornerstone Planning Group LLC raised its position in shares of lululemon athletica by 506.3% during the first 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 last quarter. Zions Bancorporation National Association UT purchased a new position in shares of lululemon athletica in the first quarter worth $31,000. Garde Capital Inc. purchased a new position in shares of lululemon athletica in the first quarter worth $35,000. Finally, CENTRAL TRUST Co boosted its position in shares of lululemon athletica by 154.9% during the first quarter. CENTRAL TRUST Co now owns 130 shares of the apparel retailer's stock worth $37,000 after acquiring an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company's stock.

Insider Activity

In related news, CEO Calvin Mcdonald sold 27,049 shares of lululemon athletica stock in a transaction dated 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. The trade was a 19.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.54% of the company's stock.

lululemon athletica Price Performance

NASDAQ:LULU opened at $165.69 on Wednesday. The firm has a market capitalization of $19.86 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 6.93 and a beta of 1.12. The business has a 50 day simple moving average of $209.66 and a 200-day simple moving average of $262.67. lululemon athletica inc. has a 1 year low of $162.80 and a 1 year high of $423.32.

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

Wall Street Analyst Weigh In

Several analysts have commented on the stock. The Goldman Sachs Group decreased their price target on shares of lululemon athletica from $232.00 to $200.00 and set a "neutral" rating on the stock in a research note on Friday, September 5th. Truist Financial cut lululemon athletica from a "buy" rating to a "hold" rating and set a $170.00 target price on the stock. in a report on Friday, September 5th. UBS Group decreased their target price on lululemon athletica from $240.00 to $185.00 and set a "neutral" rating on the stock in a research report on Friday, September 5th. BTIG Research cut their price target on lululemon athletica from $375.00 to $303.00 and set a "buy" rating for the company in a report on Friday, September 5th. Finally, Piper Sandler reduced their price objective on lululemon athletica from $200.00 to $165.00 and set a "neutral" rating on the stock in a research note on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-one have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $245.79.

lululemon athletica Company 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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