lululemon athletica inc. $LULU Shares Bought by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. increased its stake in lululemon athletica by 9.0%, owning approximately 4.79 million shares valued at $1.36 billion after acquiring 394,706 additional shares in the first quarter.
• lululemon reported earnings per share (EPS) of $2.60 for the last quarter, meeting analysts' expectations, with revenue increasing by 7.3% to $2.37 billion compared to the same quarter last year.
• Insider selling was observed as CEO Calvin McDonald sold 27,049 shares at an average price of $235.69, reducing his stake by 19.66% to a total of 110,564 shares.

Alliancebernstein L.P. lifted its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 9.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,792,294 shares of the apparel retailer's stock after acquiring an additional 394,706 shares during the period. Alliancebernstein L.P. owned 3.97% of lululemon athletica worth $1,356,507,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in LULU. Brighton Jones LLC bought a new position in lululemon athletica during the 4th quarter valued at approximately $429,000. Fourth Dimension Wealth LLC bought a new position in lululemon athletica during the 4th quarter valued at approximately $61,000. Aptus Capital Advisors LLC increased its position in lululemon athletica by 68.8% during the 4th quarter. Aptus Capital Advisors LLC now owns 1,430 shares of the apparel retailer's stock valued at $547,000 after buying an additional 583 shares in the last quarter. Ancora Advisors LLC increased its position in lululemon athletica by 28.2% during the 4th quarter. Ancora Advisors LLC now owns 1,046 shares of the apparel retailer's stock valued at $400,000 after buying an additional 230 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in 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 buying an additional 396,732 shares in the last quarter. Institutional investors own 85.20% of the company's stock.

Wall Street Analyst Weigh In

LULU has been the subject of a number of research analyst reports. The Goldman Sachs Group reduced their target price on lululemon athletica from $232.00 to $200.00 and set a "neutral" rating for the company in a report on Friday. CICC Research reissued a "market perform" rating and issued a $280.49 target price on shares of lululemon athletica in a report on Monday, June 9th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $200.00 price objective (down previously from $360.00) on shares of lululemon athletica in a report on Friday. Stifel Nicolaus reissued a "hold" rating and issued a $205.00 target price (down from $324.00) on shares of lululemon athletica in a research report on Friday. Finally, Barclays reduced their price target on shares of lululemon athletica from $209.00 to $180.00 and set an "equal weight" rating for the company in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twenty have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $245.79.

lululemon athletica Trading Down 18.6%

NASDAQ LULU traded down $38.29 on Friday, hitting $167.80. 36,729,936 shares of the company traded hands, compared to its average volume of 3,960,537. The business's 50 day moving average price is $212.64 and its 200-day moving average price is $265.38. lululemon athletica inc. has a 52-week low of $163.98 and a 52-week high of $423.32. The company has a market capitalization of $20.11 billion, a price-to-earnings ratio of 11.41, a P/E/G ratio of 1.44 and a beta of 1.12.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings data on Thursday, September 4th. The apparel retailer reported $3.10 EPS for the quarter, beating the consensus estimate of $2.86 by $0.24. lululemon athletica had a return on equity of 42.52% and a net margin of 16.38%.The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the previous year, the business earned $3.15 earnings per share. The business's revenue was up 6.5% on a year-over-year basis. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. As a group, sell-side analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Insider Activity

In related news, CEO Calvin Mcdonald sold 27,049 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 110,564 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.54% of the company's stock.

About lululemon athletica

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.