lululemon athletica inc. $LULU Shares Sold by Legacy Trust

Key Points

• Legacy Trust reduced its holdings of lululemon athletica by 48.0% in the second quarter, selling 5,704 shares and retaining a total of 6,177 shares valued at approximately $1.47 million.
• In Q2, lululemon reported earnings of $3.10 per share, exceeding analysts' expectations of $2.86, despite a 6.5% increase in revenue year-over-year totaling $2.53 billion.
• Following recent analyst downgrades, lululemon has received a range of ratings, with a consensus of "Hold" and an average price target of $233.33.

Legacy Trust cut its position in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 48.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 6,177 shares of the apparel retailer's stock after selling 5,704 shares during the quarter. Legacy Trust's holdings in lululemon athletica were worth $1,468,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. N.E.W. Advisory Services LLC acquired a new position in shares of lululemon athletica during the 1st quarter valued at $25,000. Cornerstone Planning Group LLC increased its position 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 valued at $26,000 after purchasing an additional 81 shares during the period. Flaharty Asset Management LLC acquired a new position in shares of lululemon athletica during the 1st quarter valued at $29,000. Zions Bancorporation National Association UT acquired a new position in shares of lululemon athletica during the 1st quarter valued at $31,000. Finally, Garde Capital Inc. acquired a new position in shares of lululemon athletica during the 1st quarter valued at $35,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at lululemon athletica

In related news, insider Nicole Neuburger sold 615 shares of the business's stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $178.00, for a total transaction of $109,470.00. Following the completion of the transaction, the insider owned 8,993 shares of the company's stock, valued at approximately $1,600,754. The trade was a 6.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company's stock.

lululemon athletica Price Performance

Shares of NASDAQ:LULU opened at $175.59 on Friday. lululemon athletica inc. has a fifty-two week low of $159.25 and a fifty-two week high of $423.32. The business has a 50-day moving average of $187.64 and a two-hundred day moving average of $241.44. The stock has a market capitalization of $20.82 billion, a P/E ratio of 11.94, a P/E/G ratio of 10.98 and a beta of 1.07.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings results on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share for the quarter, topping 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 company had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.55 billion. During the same quarter in the previous year, the firm earned $3.15 earnings per share. The business's quarterly revenue was up 6.5% compared to the same quarter last year. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. As a group, research analysts expect that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LULU. William Blair cut lululemon athletica from an "outperform" rating to a "market perform" rating in a research report on Friday, September 5th. CICC Research restated a "market perform" rating and issued a $280.49 target price on shares of lululemon athletica in a report on Monday, June 9th. Rothschild & Co Redburn decreased their target price on lululemon athletica from $230.00 to $160.00 and set a "sell" rating on the stock in a report on Friday, September 12th. Piper Sandler decreased their target price on lululemon athletica from $200.00 to $165.00 and set a "neutral" rating on the stock in a report on Friday, September 5th. Finally, Jefferies Financial Group decreased their target price on lululemon athletica from $160.00 to $150.00 and set an "underperform" rating on the stock in a report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-six have issued a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat, lululemon athletica has a consensus rating of "Hold" and an average target price of $233.33.

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.

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