Groupama Asset Managment Sells 1,692 Shares of lululemon athletica inc. $LULU

Key Points

• Groupama Asset Management reduced its stake in lululemon athletica by 26.5%, selling 1,692 shares, resulting in ownership of 4,696 shares valued at approximately $1.38 million.
• Institutional investors collectively own 85.20% of lululemon's stock, indicating strong institutional interest, with notable purchases from firms like Vanguard Group and Price T Rowe Associates.
• Analysts have mixed ratings for lululemon, with one Strong Buy, sixteen Buy, thirteen Hold, and one Sell, and a consensus target price of about $319.98.

Groupama Asset Managment lessened its stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 26.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,696 shares of the apparel retailer's stock after selling 1,692 shares during the period. Groupama Asset Managment's holdings in lululemon athletica were worth $1,376,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in lululemon athletica by 1.2% during the first quarter. Vanguard Group Inc. now owns 13,266,929 shares of the apparel retailer's stock worth $3,755,337,000 after acquiring an additional 157,764 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in lululemon athletica by 95.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer's stock worth $1,854,160,000 after acquiring an additional 2,371,079 shares in the last quarter. Flossbach Von Storch SE raised its holdings in lululemon athletica by 10.3% during the first quarter. Flossbach Von Storch SE now owns 1,401,885 shares of the apparel retailer's stock worth $396,818,000 after acquiring an additional 130,565 shares in the last quarter. Invesco Ltd. raised its stake in lululemon athletica by 7.2% in the first quarter. Invesco Ltd. now owns 1,387,609 shares of the apparel retailer's stock valued at $392,777,000 after buying an additional 93,530 shares during the period. Finally, American Century Companies Inc. raised its stake in lululemon athletica by 12.1% in the first quarter. American Century Companies Inc. now owns 1,301,017 shares of the apparel retailer's stock valued at $368,266,000 after buying an additional 139,944 shares during the period. Institutional investors own 85.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Telsey Advisory Group restated an "outperform" rating and issued a $385.00 price objective on shares of lululemon athletica in a research note on Monday, June 2nd. Needham & Company LLC dropped their price objective on lululemon athletica from $366.00 to $317.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. Wells Fargo & Company dropped their price objective on lululemon athletica from $225.00 to $205.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Evercore ISI upped their price objective on lululemon athletica from $320.00 to $400.00 and gave the company an "outperform" rating in a research note on Tuesday, June 3rd. Finally, Stifel Nicolaus dropped their price objective on lululemon athletica from $353.00 to $324.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. One 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. According to data from MarketBeat.com, lululemon athletica currently has an average rating of "Moderate Buy" and a consensus target price of $319.98.

Insider Transactions at lululemon athletica

In related news, CEO Calvin Mcdonald sold 27,049 shares of the stock in a transaction that occurred 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 represents a 19.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.54% of the stock is owned by corporate insiders.

lululemon athletica Trading Up 0.2%

lululemon athletica stock opened at $198.12 on Thursday. lululemon athletica inc. has a 12 month low of $185.95 and a 12 month high of $423.32. The stock's 50 day moving average is $220.75 and its 200-day moving average is $282.22. The company has a market capitalization of $23.74 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 1.69 and a beta of 1.16.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted 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 return on equity of 43.48% and a net margin of 16.82%.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 prior year, the business earned $2.54 earnings per share. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. 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, equities research analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal 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.

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