Financial Advisors Network Inc. Invests $1.77 Million in lululemon athletica inc. $LULU

Key Points

• Financial Advisors Network Inc. has acquired a new stake in lululemon athletica inc., purchasing 6,263 shares valued at approximately $1.77 million.
• Notable institutional investors, including Vanguard Group Inc. and Price T Rowe Associates Inc., have increased their holdings in lululemon, indicating strong institutional interest in the stock.
• Analysts' price targets for lululemon's stock vary, with a consensus target price of $327.15 and a "Moderate Buy" rating from analysts, despite some reductions in target prices by firms like Goldman Sachs.

Financial Advisors Network Inc. acquired a new position in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,263 shares of the apparel retailer's stock, valued at approximately $1,773,000.

Other large investors have also made changes to their positions in the company. 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 lifted its position 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. Institutional investors and hedge funds own 85.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LULU. Citigroup cut their price objective on lululemon athletica from $325.00 to $270.00 and set a "neutral" rating for the company in a research report on Friday, June 6th. UBS Group reduced their price objective on lululemon athletica from $290.00 to $240.00 and set a "neutral" rating for the company in a research report on Monday. Telsey Advisory Group restated an "outperform" rating and set a $385.00 price objective on shares of lululemon athletica in a research report on Monday, June 2nd. JPMorgan Chase & Co. lowered lululemon athletica from an "overweight" rating to a "neutral" rating and cut their target price for the company from $303.00 to $224.00 in a research note on Tuesday, July 22nd. Finally, TD Securities reduced their target price on lululemon athletica from $321.00 to $298.00 and set a "buy" rating for the company in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, lululemon athletica currently has a consensus rating of "Moderate Buy" and an average target price of $319.98.

Insiders Place Their Bets

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

lululemon athletica Stock Up 0.2%

NASDAQ:LULU traded up $0.46 during trading hours on Wednesday, reaching $198.12. The company had a trading volume of 2,857,248 shares, compared to its average volume of 3,458,525. The stock has a 50-day moving average of $220.75 and a two-hundred day moving average of $282.22. lululemon athletica inc. has a one year low of $185.95 and a one year high of $423.32. The firm has a market capitalization of $23.74 billion, a PE ratio of 13.42, a PEG ratio of 1.69 and a beta of 1.16.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, meeting the consensus estimate 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 the consensus estimate of $2.36 billion. During the same quarter in the previous year, the company earned $2.54 EPS. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. 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 earnings per share for the current year.

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.