Gotham Asset Management LLC Increases Stock Holdings in lululemon athletica inc. $LULU

Key Points

• Gotham Asset Management LLC has increased its stake in lululemon athletica by 8.1%, owning approximately $19.26 million worth of shares.
• lululemon athletica's stock has declined by 18.6%, currently priced at $167.80, and analysts have adjusted their price targets downward.
• The company's latest quarterly earnings exceeded expectations, with an EPS of $3.10, despite revenue slightly missing forecasts.

Gotham Asset Management LLC boosted its holdings in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 8.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,024 shares of the apparel retailer's stock after buying an additional 5,079 shares during the quarter. Gotham Asset Management LLC owned approximately 0.06% of lululemon athletica worth $19,255,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. N.E.W. Advisory Services LLC purchased a new position in lululemon athletica in the first quarter valued at $25,000. Cornerstone Planning Group LLC lifted its position in lululemon athletica by 506.3% in the first quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock valued at $26,000 after acquiring an additional 81 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in lululemon athletica in the first quarter valued at $31,000. Garde Capital Inc. purchased a new stake in lululemon athletica in the first quarter valued at $35,000. Finally, CENTRAL TRUST Co lifted its position in lululemon athletica by 154.9% in the first quarter. CENTRAL TRUST Co now owns 130 shares of the apparel retailer's stock valued at $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.

lululemon athletica Trading Down 0.9%

Shares of LULU stock traded down $1.54 during mid-day trading on Wednesday, reaching $164.15. The stock had a trading volume of 5,316,369 shares, compared to its average volume of 3,090,524. lululemon athletica inc. has a 12-month low of $162.80 and a 12-month high of $423.32. The company has a market cap of $19.67 billion, a P/E ratio of 11.16, a price-to-earnings-growth 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 (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings results on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share for the quarter, beating analysts' consensus estimates of $2.86 by $0.24. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.The business had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.55 billion. During the same quarter last year, the business posted $3.15 earnings per share. The business's revenue for the quarter was up 6.5% on a year-over-year basis. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. Research analysts anticipate that lululemon athletica inc. will post 14.36 EPS for the current year.

Analysts Set New Price Targets

LULU has been the subject of a number of research reports. Morgan Stanley reduced their target price on shares of lululemon athletica from $280.00 to $223.00 and set an "equal weight" rating for the company in a report on Tuesday, August 26th. Jefferies Financial Group cut their price objective 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. Robert W. Baird dropped their price target on shares of lululemon athletica from $260.00 to $225.00 and set an "outperform" rating on the stock in a research note on Friday, September 5th. Oppenheimer reiterated a "market perform" rating and set a $500.00 price target on shares of lululemon athletica in a research note on Friday, September 5th. Finally, Piper Sandler dropped their price target on shares of 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 equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-one have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $245.79.

Insider Activity at lululemon athletica

In related news, CEO Calvin Mcdonald sold 27,049 shares of the stock in a transaction on Friday, June 27th. The stock was 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 of the company's stock, valued at $26,058,829.16. This trade represents a 19.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is currently owned by insiders.

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.