Carmignac Gestion Sells 26,400 Shares of lululemon athletica inc. $LULU

Key Points

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Carmignac Gestion lowered its stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 24.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 81,000 shares of the apparel retailer's stock after selling 26,400 shares during the quarter. Carmignac Gestion owned 0.07% of lululemon athletica worth $22,928,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its holdings in shares of lululemon athletica by 95.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer's stock valued at $1,854,160,000 after purchasing an additional 2,371,079 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of lululemon athletica by 37,062.1% during the 1st quarter. GAMMA Investing LLC now owns 563,006 shares of the apparel retailer's stock valued at $159,364,000 after purchasing an additional 561,491 shares during the last quarter. Nuveen LLC bought a new position in shares of lululemon athletica during the 1st quarter valued at $123,894,000. Ameriprise Financial Inc. grew its holdings in shares of lululemon athletica by 128.2% during the 4th quarter. Ameriprise Financial Inc. now owns 706,300 shares of the apparel retailer's stock valued at $270,223,000 after purchasing an additional 396,732 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC grew its holdings in shares of lululemon athletica by 9,067.0% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 298,752 shares of the apparel retailer's stock valued at $114,246,000 after purchasing an additional 295,493 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company's stock.

Insider Activity at lululemon athletica

In other news, CEO Calvin Mcdonald sold 27,049 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer directly owned 110,564 shares of the company's stock, valued at approximately $26,058,829.16. This trade represents a 19.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.54% of the company's stock.

lululemon athletica Price Performance

LULU traded up $9.41 during trading on Friday, hitting $207.59. 3,798,546 shares of the stock traded hands, compared to its average volume of 3,428,189. The firm has a 50-day moving average of $219.14 and a 200 day moving average of $279.32. lululemon athletica inc. has a 12-month low of $185.95 and a 12-month high of $423.32. The firm has a market capitalization of $24.88 billion, a P/E ratio of 14.06, a price-to-earnings-growth 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, hitting the consensus estimate of $2.60. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The firm had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.36 billion. During the same period last year, the company posted $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, equities analysts predict that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LULU has been the topic of several recent research reports. Robert W. Baird reduced their target price on shares of lululemon athletica from $340.00 to $260.00 and set an "outperform" rating on the stock in a report on Monday, August 11th. Citigroup reduced their target price on shares of lululemon athletica from $325.00 to $270.00 and set a "neutral" rating on the stock in a report on Friday, June 6th. Truist Financial reduced their target price on shares of lululemon athletica from $297.00 to $290.00 and set a "buy" rating on the stock in a report on Friday, June 6th. BMO Capital Markets dropped their price target on shares of 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. Finally, JPMorgan Chase & Co. cut shares of lululemon athletica from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $303.00 to $224.00 in a research report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $319.98.

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.