HighTower Advisors LLC Buys 8,636 Shares of lululemon athletica inc. $LULU

Key Points

• HighTower Advisors LLC increased its holdings in lululemon athletica by 19.3%, acquiring an additional 8,636 shares during the first quarter, bringing its total ownership to 53,305 shares worth approximately $15,089,000.
• CEO Calvin McDonald sold 27,049 shares of lululemon, reducing his ownership by 19.66% following the sale, which totaled about $6.37 million.
• Recent analyst reports have lowered target prices for lululemon athletica, with new estimates ranging from $209 to $324, affecting the stock's average rating, which stands at a "Moderate Buy".

HighTower Advisors LLC lifted its holdings in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 19.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,305 shares of the apparel retailer's stock after acquiring an additional 8,636 shares during the period. HighTower Advisors LLC's holdings in lululemon athletica were worth $15,089,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Twin Capital Management Inc. boosted its holdings in shares of lululemon athletica by 58.3% in the first quarter. Twin Capital Management Inc. now owns 3,676 shares of the apparel retailer's stock valued at $1,041,000 after purchasing an additional 1,354 shares during the period. Narwhal Capital Management raised its position in lululemon athletica by 262.7% during the 1st quarter. Narwhal Capital Management now owns 18,777 shares of the apparel retailer's stock valued at $5,315,000 after purchasing an additional 13,600 shares in the last quarter. Sawgrass Asset Management LLC bought a new position in shares of lululemon athletica during the 1st quarter worth $9,209,000. WealthPlan Investment Management LLC increased its position in lululemon athletica by 26.9% during the 1st quarter. WealthPlan Investment Management LLC now owns 7,647 shares of the apparel retailer's stock valued at $2,165,000 after purchasing an additional 1,622 shares during the period. Finally, Flossbach Von Storch SE lifted 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 buying an additional 130,565 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on LULU. Piper Sandler reduced their target price on lululemon athletica from $270.00 to $200.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 29th. Bank of America decreased their price objective on shares of lululemon athletica from $400.00 to $370.00 and set a "buy" rating for the company in a research report on Friday, June 6th. KeyCorp lowered their target price on shares of lululemon athletica from $400.00 to $350.00 and set an "overweight" rating for the company in a research note on Friday, June 6th. Citigroup cut their price target on shares of lululemon athletica from $325.00 to $270.00 and set a "neutral" rating on the stock in a research note on Friday, June 6th. Finally, UBS Group cut their price objective on lululemon athletica from $290.00 to $240.00 and set a "neutral" rating on the stock in a 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. According to data from MarketBeat, lululemon athletica presently has a consensus rating of "Moderate Buy" and an average price target of $319.98.

Insider Activity

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the business's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $235.69, for a total value of $6,375,178.81. Following the transaction, the chief executive officer owned 110,564 shares in the company, valued at $26,058,829.16. The trade was a 19.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.54% of the stock is owned by corporate insiders.

lululemon athletica Price Performance

Shares of LULU stock traded down $5.96 during midday trading on Tuesday, reaching $197.66. 4,311,477 shares of the company traded hands, compared to its average volume of 3,407,521. lululemon athletica inc. has a 1-year low of $185.95 and a 1-year high of $423.32. The firm's 50 day simple moving average is $221.83 and its two-hundred day simple moving average is $282.81. The firm has a market cap of $23.69 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 1.73 and a beta of 1.16.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly 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 during the quarter, compared to analysts' expectations of $2.36 billion. During the same quarter in the previous year, the business earned $2.54 EPS. The firm's revenue 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, research analysts anticipate 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.