Corebridge Financial Inc. Sells 1,637 Shares of lululemon athletica inc. $LULU

Key Points

• Corebridge Financial Inc. reduced its stake in lululemon athletica by 4.4%, selling 1,637 shares in the first quarter, now holding a total of 35,651 shares valued at approximately $10.1 million.
• Analysts have adjusted their price targets for lululemon athletica, with BTIG Research lowering its target from $405 to $375, while Telsey Advisory Group maintains an outperform rating with a $385 target.
• Despite the adjustments, the average rating for lululemon athletica is currently a "Moderate Buy" with a consensus price target of $309.75.

Corebridge Financial Inc. decreased its holdings in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,651 shares of the apparel retailer's stock after selling 1,637 shares during the period. Corebridge Financial Inc.'s holdings in lululemon athletica were worth $10,091,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Twin Capital Management Inc. raised its holdings in lululemon athletica by 58.3% during the first quarter. Twin Capital Management Inc. now owns 3,676 shares of the apparel retailer's stock worth $1,041,000 after buying an additional 1,354 shares during the last quarter. Narwhal Capital Management raised its holdings in lululemon athletica by 262.7% during the first quarter. Narwhal Capital Management now owns 18,777 shares of the apparel retailer's stock worth $5,315,000 after buying an additional 13,600 shares during the last quarter. Sawgrass Asset Management LLC acquired a new position in lululemon athletica during the first quarter worth $9,209,000. WealthPlan Investment Management LLC raised its holdings in lululemon athletica by 26.9% during the first quarter. WealthPlan Investment Management LLC now owns 7,647 shares of the apparel retailer's stock worth $2,165,000 after buying an additional 1,622 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in lululemon athletica by 5.9% during the first quarter. Ameriprise Financial Inc. now owns 748,236 shares of the apparel retailer's stock worth $211,704,000 after buying an additional 41,936 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

Analyst Upgrades and Downgrades

LULU has been the topic of several research reports. Truist Financial lowered their price objective on shares of lululemon athletica from $297.00 to $290.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Citigroup lowered their target price on shares of lululemon athletica from $270.00 to $220.00 and set a "neutral" rating for the company in a report on Wednesday, August 27th. JPMorgan Chase & Co. downgraded shares of lululemon athletica from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $303.00 to $224.00 in a report on Tuesday, July 22nd. BTIG Research lowered their target price on shares of lululemon athletica from $405.00 to $375.00 and set a "buy" rating for the company in a report on Wednesday, August 27th. Finally, Robert W. Baird lowered their target price on shares of lululemon athletica from $340.00 to $260.00 and set an "outperform" rating for the company in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $305.75.

Insiders Place Their Bets

In related news, CEO Calvin Mcdonald sold 27,049 shares of the firm's stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.54% of the stock is owned by corporate insiders.

lululemon athletica Price Performance

NASDAQ:LULU traded down $2.88 on Monday, reaching $202.20. 3,158,627 shares of the company's stock were exchanged, compared to its average volume of 3,345,829. The firm has a market cap of $24.23 billion, a price-to-earnings ratio of 13.70, a P/E/G ratio of 1.74 and a beta of 1.12. lululemon athletica inc. has a 52 week low of $185.95 and a 52 week high of $423.32. The stock has a fifty day simple moving average of $216.27 and a 200-day simple moving average of $270.72.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $2.36 billion. During the same period last year, the business earned $2.54 earnings per share. lululemon athletica's revenue was up 7.3% compared to the same quarter last year. lululemon athletica has set its FY 2025 guidance at 14.580-14.780 EPS. Q2 2025 guidance at 2.850-2.900 EPS. As a group, sell-side analysts predict that lululemon athletica inc. will post 14.36 EPS for the current year.

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.