Janney Montgomery Scott LLC Has $11.33 Million Position in lululemon athletica inc. $LULU

Key Points

• Janney Montgomery Scott LLC reduced its holdings in lululemon athletica inc. by 15.1%, owning 47,681 shares valued at approximately $11.33 million as of the last reporting period.
• In its latest earnings report, lululemon beat estimates with $3.10 EPS despite revenue of $2.53 billion, which slightly missed estimates.
• Analysts have issued various ratings, with Telsey Advisory Group and Wells Fargo both lowering their price targets significantly, indicating a cautious outlook on the stock.

Janney Montgomery Scott LLC lowered its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 15.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 47,681 shares of the apparel retailer's stock after selling 8,491 shares during the period. Janney Montgomery Scott LLC's holdings in lululemon athletica were worth $11,328,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC acquired a new position in lululemon athletica during the first quarter valued at approximately $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 worth $26,000 after purchasing an additional 81 shares during the period. Flaharty Asset Management LLC bought a new position in lululemon athletica in the first quarter worth $29,000. Zions Bancorporation National Association UT bought a new position in lululemon athletica in the first quarter worth $31,000. Finally, Garde Capital Inc. bought a new position in shares of lululemon athletica during the first quarter valued at $35,000. Institutional investors and hedge funds own 85.20% of the company's stock.

lululemon athletica Stock Performance

NASDAQ:LULU opened at $175.59 on Friday. The stock has a fifty day moving average price of $187.64 and a 200-day moving average price of $242.05. The company has a market cap of $20.82 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 11.14 and a beta of 1.07. lululemon athletica inc. has a fifty-two week low of $159.25 and a fifty-two week high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its 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 firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the prior year, the company posted $3.15 EPS. The company's revenue was up 6.5% compared to the same quarter last year. 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 predict that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on LULU shares. Telsey Advisory Group cut lululemon athletica from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $360.00 to $200.00 in a report on Monday, September 15th. Wells Fargo & Company lowered their price objective on lululemon athletica from $205.00 to $160.00 and set an "equal weight" rating for the company in a research report on Friday, September 5th. Evercore ISI reiterated an "in-line" rating and issued a $180.00 price objective (down from $265.00) on shares of lululemon athletica in a research report on Friday, September 5th. Morgan Stanley decreased their target price on lululemon athletica from $223.00 to $185.00 and set an "equal weight" rating for the company in a research report on Tuesday. Finally, Bank of America cut their price objective on lululemon athletica from $210.00 to $185.00 and set a "neutral" rating on the stock in a report on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-six have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $233.33.

Insider Buying and Selling

In other lululemon athletica news, insider Nicole Neuburger sold 615 shares of the stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $178.00, for a total value of $109,470.00. Following the completion of the transaction, the insider directly owned 8,993 shares in the company, valued at approximately $1,600,754. This trade represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.54% of the company's stock.

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.

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