Ethic Inc. Buys 1,442 Shares of lululemon athletica inc. $LULU

Key Points

• Ethic Inc. increased its stake in lululemon athletica by 18.3% in the first quarter, owning 9,325 shares worth $2.6 million after acquiring an additional 1,442 shares.
• Notable institutional investors such as Vanguard Group and Price T Rowe Associates also raised their holdings in lululemon, indicating strong institutional interest in the company.
• Despite recent insider selling by CEO Calvin McDonald, lululemon's stock is rated as a "Moderate Buy" with a consensus price target of $327.15 according to analysts.

Ethic Inc. grew its holdings in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 18.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,325 shares of the apparel retailer's stock after buying an additional 1,442 shares during the quarter. Ethic Inc.'s holdings in lululemon athletica were worth $2,608,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LULU. Anderson Financial Strategies LLC acquired a new position in shares of lululemon athletica during the 4th quarter worth about $30,000. N.E.W. Advisory Services LLC acquired a new position in shares of lululemon athletica during the 1st quarter worth about $25,000. Cornerstone Planning Group LLC increased its stake in shares of lululemon athletica by 506.3% during the 1st 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 acquired a new position in shares of lululemon athletica during the 1st quarter worth about $31,000. Finally, Garde Capital Inc. acquired a new position in shares of lululemon athletica during the 1st quarter worth about $35,000. 85.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Piper Sandler decreased their price target on shares of lululemon athletica from $270.00 to $200.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 29th. Needham & Company LLC decreased their price target on shares of lululemon athletica from $366.00 to $317.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. CICC Research reiterated a "market perform" rating and issued a $280.49 price target on shares of lululemon athletica in a research note on Monday, June 9th. BMO Capital Markets decreased their price target on shares of lululemon athletica from $302.00 to $250.00 and set a "market perform" rating on the stock in a research note on Friday, June 6th. Finally, Robert W. Baird decreased their price target on shares of lululemon athletica from $340.00 to $260.00 and set an "outperform" rating on the stock in a research note on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, lululemon athletica has an average rating of "Moderate Buy" and an average target price of $319.98.

lululemon athletica Stock Performance

Shares of NASDAQ LULU traded up $0.46 during trading hours on Wednesday, hitting $198.12. 2,857,248 shares of the stock were exchanged, compared to its average volume of 3,458,525. The company has a market cap of $23.74 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 1.69 and a beta of 1.16. The company's fifty day simple moving average is $221.83 and its two-hundred day simple moving average is $282.81. lululemon athletica inc. has a 1-year low of $185.95 and a 1-year high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.60. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted $2.54 EPS. lululemon athletica has set its FY 2025 guidance at 14.580-14.780 EPS. Q2 2025 guidance at 2.850-2.900 EPS. As a group, sell-side analysts expect that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Insider Activity

In related news, CEO Calvin Mcdonald sold 27,049 shares of the stock in a transaction that occurred 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 sale, the chief executive officer owned 110,564 shares in the company, valued at approximately $26,058,829.16. This trade represents a 19.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.54% of the company's stock.

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.