1832 Asset Management L.P. Trims Stock Position in lululemon athletica inc. $LULU

Key Points

• 1832 Asset Management L.P. reduced its stake in lululemon athletica by 34.6%, selling 3,291 shares to hold a total of 6,209 shares, valued at approximately $1.76 million.
• lululemon athletica reported $2.60 EPS for its last quarter, matching analysts' expectations, with revenue of $2.37 billion, a 7.3% increase from the previous year.
• Wall Street analysts have a Moderate Buy rating on lululemon athletica, with an average price target of $319.98, although several firms have recently decreased their targets.

1832 Asset Management L.P. reduced its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 34.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,209 shares of the apparel retailer's stock after selling 3,291 shares during the quarter. 1832 Asset Management L.P.'s holdings in lululemon athletica were worth $1,758,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. N.E.W. Advisory Services LLC bought a new position in shares of lululemon athletica in the first quarter valued at approximately $25,000. Cornerstone Planning Group LLC boosted its position in shares of lululemon athletica by 506.3% in the first quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock valued at $26,000 after acquiring an additional 81 shares during the period. Anderson Financial Strategies LLC bought a new position in shares of lululemon athletica in the fourth quarter valued at approximately $30,000. Zions Bancorporation National Association UT bought a new position in shares of lululemon athletica in the first quarter valued at approximately $31,000. Finally, Garde Capital Inc. bought a new position in shares of lululemon athletica in the first quarter valued at approximately $35,000. 85.20% of the stock is currently owned by institutional investors.

lululemon athletica Stock Performance

Shares of NASDAQ LULU traded down $0.49 during mid-day trading on Thursday, hitting $205.08. The stock had a trading volume of 2,826,636 shares, compared to its average volume of 3,489,356. lululemon athletica inc. has a 1 year low of $185.95 and a 1 year high of $423.32. The business has a 50 day moving average price of $216.78 and a two-hundred day moving average price of $273.76. The firm has a market cap of $24.58 billion, a P/E ratio of 13.89, a price-to-earnings-growth 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 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 company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the firm earned $2.54 earnings per share. The firm'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 predict that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Insider Activity at lululemon athletica

In related news, CEO Calvin Mcdonald sold 27,049 shares of lululemon athletica stock in a transaction on 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 transaction, the chief executive officer directly owned 110,564 shares of the company's stock, valued at $26,058,829.16. The trade was a 19.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

LULU has been the subject of several research analyst reports. Needham & Company LLC dropped 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 report on Friday, June 6th. Barclays dropped their target price on shares of lululemon athletica from $270.00 to $209.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 6th. Morgan Stanley dropped their target price on shares of lululemon athletica from $280.00 to $223.00 and set an "equal weight" rating for the company in a research report on Tuesday. JPMorgan Chase & Co. lowered shares of lululemon athletica from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $303.00 to $224.00 in a research report on Tuesday, July 22nd. Finally, BMO Capital Markets dropped their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $309.75.

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.