Caisse DE Depot ET Placement DU Quebec Purchases 132,538 Shares of lululemon athletica inc. $LULU

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in lululemon athletica by 57.3%, holding 363,720 shares valued at approximately $102.96 million.
• CEO Calvin McDonald sold 27,049 shares at an average price of $235.69, resulting in a 19.66% decrease in his ownership position.
• Analysts have mixed views on LULU, with price targets lowered by several brokerages but still maintaining a consensus rating of "Moderate Buy" and an average target price of $319.98.

Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 57.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 363,720 shares of the apparel retailer's stock after buying an additional 132,538 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.30% of lululemon athletica worth $102,955,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Anderson Financial Strategies LLC bought a new position in shares of lululemon athletica during the 4th quarter worth approximately $30,000. N.E.W. Advisory Services LLC bought a new position in shares of lululemon athletica during the 1st quarter worth approximately $25,000. Cornerstone Planning Group LLC grew its stake in shares of lululemon athletica by 506.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock worth $26,000 after acquiring an additional 81 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in shares of lululemon athletica during the 1st quarter worth approximately $31,000. Finally, Garde Capital Inc. bought a new position in shares of lululemon athletica during the 1st quarter worth approximately $35,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of lululemon athletica from $225.00 to $205.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 19th. Needham & Company LLC decreased their target price on shares of lululemon athletica from $366.00 to $317.00 and set a "buy" rating for the company in a research note on Friday, June 6th. Jefferies Financial Group decreased their target price on shares of lululemon athletica from $220.00 to $200.00 and set an "underperform" rating for the company in a research note on Friday, June 6th. JPMorgan Chase & Co. cut shares of lululemon athletica from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $303.00 to $224.00 in a research note on Tuesday, July 22nd. Finally, UBS Group decreased their target price on shares of lululemon athletica from $290.00 to $240.00 and set a "neutral" rating for the company in a research note on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, lululemon athletica currently has an average rating of "Moderate Buy" and a consensus price target of $309.75.

lululemon athletica Stock Down 0.2%

LULU traded down $0.49 during trading on Thursday, hitting $205.08. The company's stock had a trading volume of 2,826,636 shares, compared to its average volume of 3,489,356. lululemon athletica inc. has a twelve month low of $185.95 and a twelve month high of $423.32. The stock's fifty day moving average price is $216.78 and its 200-day moving average price is $273.76. The firm has a market capitalization of $24.58 billion, a P/E ratio of 13.89, a PEG ratio of 1.77 and a beta of 1.16.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, hitting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the firm earned $2.54 earnings per share. lululemon athletica'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. Equities research analysts expect that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Calvin Mcdonald sold 27,049 shares of the stock in a transaction 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 directly owned 110,564 shares of the company's stock, valued at approximately $26,058,829.16. This represents a 19.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.54% of the company's stock.

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.