Ieq Capital LLC Grows Stake in lululemon athletica inc. $LULU

Key Points

• Ieq Capital LLC increased its position in lululemon athletica by 47.8%, purchasing an additional 8,185 shares, bringing their total holdings to 25,324 shares valued at approximately $7.17 million.
• Several analysts have recently adjusted their price targets for lululemon athletica, with BTIG Research lowering its target from $405.00 to $375.00, while Bank of America cut its target from $370.00 to $300.00.
• CEO Calvin McDonald sold 27,049 shares of lululemon athletica for about $6.38 million, representing a 19.66% decrease in his ownership following the transaction.

Ieq Capital LLC boosted its holdings in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 47.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,324 shares of the apparel retailer's stock after buying an additional 8,185 shares during the quarter. Ieq Capital LLC's holdings in lululemon athletica were worth $7,168,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Rafferty Asset Management LLC boosted its stake in lululemon athletica by 5.6% in the first quarter. Rafferty Asset Management LLC now owns 47,486 shares of the apparel retailer's stock valued at $13,441,000 after acquiring an additional 2,500 shares in the last quarter. FORA Capital LLC acquired a new stake in lululemon athletica in the first quarter valued at approximately $6,192,000. Avalon Global Asset Management LLC boosted its stake in lululemon athletica by 5.6% in the first quarter. Avalon Global Asset Management LLC now owns 20,140 shares of the apparel retailer's stock valued at $5,701,000 after acquiring an additional 1,070 shares in the last quarter. Orion Capital Management LLC boosted its stake in lululemon athletica by 85.1% in the first quarter. Orion Capital Management LLC now owns 435 shares of the apparel retailer's stock valued at $123,000 after acquiring an additional 200 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in lululemon athletica by 57.3% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 363,720 shares of the apparel retailer's stock valued at $102,955,000 after acquiring an additional 132,538 shares in the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of lululemon athletica stock in a transaction on Friday, June 27th. The shares were sold at an average price of $235.69, for a total value of $6,375,178.81. Following the completion of the transaction, the chief executive officer owned 110,564 shares of the company's stock, valued at approximately $26,058,829.16. The trade was a 19.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.54% of the company's stock.

lululemon athletica Trading Down 1.4%

LULU traded down $2.88 on Friday, reaching $202.20. The stock had a trading volume of 3,158,627 shares, compared to its average volume of 3,345,829. lululemon athletica inc. has a 12-month low of $185.95 and a 12-month high of $423.32. The business's 50-day moving average price is $216.27 and its two-hundred day moving average price is $270.72. The company has a market cap of $24.23 billion, a P/E ratio of 13.70, a price-to-earnings-growth ratio of 1.74 and a beta of 1.12.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $2.36 billion. During the same quarter in the previous year, the company 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, analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. 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. Robert W. Baird lowered their target price on shares of lululemon athletica from $340.00 to $260.00 and set an "outperform" rating for the company in a research note on Monday, August 11th. Bank of America lowered their price objective on shares of lululemon athletica from $370.00 to $300.00 and set a "buy" rating for the company in a research note on Tuesday, August 26th. Morgan Stanley lowered their price objective on shares of lululemon athletica from $280.00 to $223.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 26th. Finally, Truist Financial lowered their price objective on shares of lululemon athletica from $297.00 to $290.00 and set a "buy" rating for the company in a research note on Friday, June 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, lululemon athletica currently has an average rating of "Moderate Buy" and a consensus price target of $305.75.

lululemon athletica 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.