Guggenheim Capital LLC Has $28.40 Million Position in lululemon athletica inc. $LULU

Key Points

• Guggenheim Capital LLC has reduced its holdings in lululemon athletica by 6.9%, owning approximately 100,315 shares valued at $28.4 million after selling 7,418 shares.
• Despite the sell-off by Guggenheim, several hedge funds are entering positions, with N.E.W. Advisory Services LLC and Cornerstone Planning Group LLC among the new investors.
• lululemon athletica reported Q2 revenue of $2.37 billion, meeting estimates, and has provided its FY 2025 EPS guidance set at 14.580-14.780.

Guggenheim Capital LLC cut its stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 6.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,315 shares of the apparel retailer's stock after selling 7,418 shares during the quarter. Guggenheim Capital LLC owned approximately 0.08% of lululemon athletica worth $28,395,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. CreativeOne Wealth LLC grew its holdings in shares of lululemon athletica by 66.4% during the first quarter. CreativeOne Wealth LLC now owns 1,326 shares of the apparel retailer's stock valued at $375,000 after purchasing an additional 529 shares during the last quarter. Ieq Capital LLC boosted its position in shares of lululemon athletica by 47.8% during the first quarter. Ieq Capital LLC now owns 25,324 shares of the apparel retailer's stock worth $7,168,000 after buying an additional 8,185 shares during the period. Rafferty Asset Management LLC boosted its position in shares of lululemon athletica by 5.6% during the first quarter. Rafferty Asset Management LLC now owns 47,486 shares of the apparel retailer's stock worth $13,441,000 after buying an additional 2,500 shares during the period. FORA Capital LLC acquired a new position in shares of lululemon athletica during the first quarter worth approximately $6,192,000. Finally, Avalon Global Asset Management LLC boosted its position in shares of lululemon athletica by 5.6% during the first quarter. Avalon Global Asset Management LLC now owns 20,140 shares of the apparel retailer's stock worth $5,701,000 after buying an additional 1,070 shares during the period. 85.20% of the stock is owned by institutional investors.

lululemon athletica Price Performance

Shares of NASDAQ:LULU traded down $2.88 on Friday, reaching $202.20. 3,158,627 shares of the company traded hands, compared to its average volume of 3,422,237. lululemon athletica inc. has a fifty-two week low of $185.95 and a fifty-two week high of $423.32. The company's 50 day moving average is $216.27 and its 200-day moving average is $272.41. The stock has a market capitalization of $24.23 billion, a PE ratio of 13.70, a P/E/G ratio of 1.76 and a beta of 1.16.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the firm earned $2.54 EPS. The company's quarterly revenue 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, analysts expect that lululemon athletica inc. will post 14.36 EPS for the current year.

Insider Buying and Selling

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 completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.54% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Bank of America reduced their price objective on lululemon athletica from $370.00 to $300.00 and set a "buy" rating for the company in a research report on Tuesday. JPMorgan Chase & Co. downgraded lululemon athletica from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $303.00 to $224.00 in a research report on Tuesday, July 22nd. BMO Capital Markets reduced their price objective on lululemon athletica from $302.00 to $250.00 and set a "market perform" rating for the company in a research report on Friday, June 6th. TD Securities reduced their price objective on lululemon athletica from $321.00 to $298.00 and set a "buy" rating for the company in a research report on Monday, August 18th. Finally, Wells Fargo & Company reduced their price objective on lululemon athletica from $225.00 to $205.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, lululemon athletica currently has an average rating of "Moderate Buy" and a consensus target price of $305.75.

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.