lululemon athletica inc. $LULU Stock Position Raised by Sellaronda Global Management LP

Key Points

• Sellaronda Global Management LP increased its holdings in lululemon athletica by 37% in Q1, becoming its 5th largest position with approximately $10.47 million in shares.
• CEO Calvin McDonald sold 27,049 shares for around $6.37 million, reducing his position by 19.66% while still holding about 110,564 shares.
• Financial analysts have adjusted their price targets for lululemon athletica, with the consensus rating now a "Moderate Buy" and an average price target of $319.98.

Sellaronda Global Management LP raised its stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 37.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,000 shares of the apparel retailer's stock after buying an additional 10,000 shares during the quarter. lululemon athletica comprises approximately 10.4% of Sellaronda Global Management LP's investment portfolio, making the stock its 5th biggest holding. Sellaronda Global Management LP's holdings in lululemon athletica were worth $10,473,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Brighton Jones LLC acquired a new position in lululemon athletica during the fourth quarter worth $429,000. Fourth Dimension Wealth LLC acquired a new position in lululemon athletica during the fourth quarter worth $61,000. NewEdge Advisors LLC increased its holdings in lululemon athletica by 4.0% during the fourth quarter. NewEdge Advisors LLC now owns 3,662 shares of the apparel retailer's stock worth $1,400,000 after buying an additional 141 shares during the last quarter. GeoWealth Management LLC increased its holdings in lululemon athletica by 46.4% during the fourth quarter. GeoWealth Management LLC now owns 470 shares of the apparel retailer's stock worth $180,000 after buying an additional 149 shares during the last quarter. Finally, Forum Financial Management LP acquired a new position in lululemon athletica during the fourth quarter worth $274,000. Institutional investors own 85.20% of the company's stock.

Insider Activity

In other news, CEO Calvin Mcdonald sold 27,049 shares of the firm's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $235.69, for a total transaction 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 $26,058,829.16. This trade represents a 19.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have commented on LULU shares. CICC Research reiterated a "market perform" rating and issued a $280.49 price objective on shares of lululemon athletica in a report on Monday, June 9th. BMO Capital Markets cut their price objective 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. TD Securities cut their price objective on shares of lululemon athletica from $321.00 to $298.00 and set a "buy" rating for the company in a research report on Monday. Wells Fargo & Company cut their price objective on shares of lululemon athletica from $225.00 to $205.00 and set an "equal weight" rating for the company in a research report on Tuesday. Finally, Truist Financial cut 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 report on Friday, June 6th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $319.98.

lululemon athletica Trading Up 4.7%

Shares of LULU traded up $9.41 during trading hours on Friday, reaching $207.59. The stock had a trading volume of 3,798,546 shares, compared to its average volume of 3,428,189. The firm has a 50-day simple moving average of $219.14 and a 200 day simple 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 company has a market capitalization of $24.88 billion, a price-to-earnings ratio of 14.06, a P/E/G ratio of 1.69 and a beta of 1.16.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, meeting the consensus estimate of $2.60. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%.The business had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.36 billion. During the same period last year, the business earned $2.54 EPS. The business's revenue 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. On average, equities analysts forecast that lululemon athletica inc. will post 14.36 EPS for the current year.

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.