lululemon athletica inc. $LULU Shares Bought by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in lululemon athletica by 345.9% during the second quarter, owning 44,382 shares worth approximately $10.99 million.
• Historically, lululemon reported $3.10 earnings per share (EPS) for the recent quarter, surpassing analyst expectations of $2.86, while quarterly revenue increased 6.5% year-over-year.
• Analysts have adjusted their price targets for lululemon, with BTIG Research lowering its target from $375.00 to $303.00 while maintaining a "buy" rating, reflecting a cautious outlook on the stock.

Wealth Enhancement Advisory Services LLC raised its holdings in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 345.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,382 shares of the apparel retailer's stock after acquiring an additional 34,429 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in lululemon athletica were worth $10,993,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in lululemon athletica by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 13,266,929 shares of the apparel retailer's stock valued at $3,755,337,000 after purchasing an additional 157,764 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in lululemon athletica by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,010,908 shares of the apparel retailer's stock worth $1,418,389,000 after purchasing an additional 162,295 shares in the last quarter. Alliancebernstein L.P. increased its position in lululemon athletica by 9.0% during the 1st quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer's stock worth $1,356,507,000 after purchasing an additional 394,706 shares in the last quarter. Flossbach Von Storch SE increased its position in lululemon athletica by 10.3% during the 1st quarter. Flossbach Von Storch SE now owns 1,401,885 shares of the apparel retailer's stock worth $396,818,000 after purchasing an additional 130,565 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in lululemon athletica by 7.2% in the 1st quarter. Invesco Ltd. now owns 1,387,609 shares of the apparel retailer's stock worth $392,777,000 after acquiring an additional 93,530 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

lululemon athletica Stock Up 2.2%

Shares of NASDAQ LULU opened at $173.41 on Tuesday. The business's 50 day moving average is $196.27 and its two-hundred day moving average is $249.99. The company has a market cap of $20.56 billion, a P/E ratio of 11.79, a P/E/G ratio of 10.59 and a beta of 1.12. lululemon athletica inc. has a 12 month low of $159.25 and a 12 month high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings data on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share (EPS) 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 business had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.55 billion. During the same period in the previous year, the business posted $3.15 earnings per share. lululemon athletica's quarterly 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. Sell-side analysts expect that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LULU shares. BTIG Research cut their target price on lululemon athletica from $375.00 to $303.00 and set a "buy" rating on the stock in a research report on Friday, September 5th. Morgan Stanley dropped their price target on lululemon athletica from $280.00 to $223.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 26th. Zacks Research lowered lululemon athletica from a "hold" rating to a "strong sell" rating in a research report on Monday, September 8th. Dbs Bank dropped their target price on lululemon athletica from $165.00 to $134.00 in a research report on Friday. Finally, Needham & Company LLC dropped their target price on lululemon athletica from $238.00 to $192.00 and set a "buy" rating on the stock in a research report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-three have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, lululemon athletica currently has an average rating of "Hold" and an average target price of $235.67.

Insider Buying and Selling

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the business's 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 transaction, the chief executive officer owned 110,564 shares of the company's stock, valued at approximately $26,058,829.16. The trade was a 19.66% 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 hyperlink. Corporate 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.

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