lululemon athletica inc. $LULU Shares Sold by WealthPLAN Partners LLC

Key Points

• WealthPLAN Partners LLC reduced its stake in lululemon athletica by 42.6% during the second quarter, owning 2,600 shares worth approximately $618,000 after selling 1,929 shares.
• Major institutional investors, including Vanguard Group and Price T Rowe Associates, have increased their stakes in lululemon, indicating continued interest in the stock among large investors.
• lululemon recently reported $3.10 earnings per share, surpassing estimates, and the company has set a fiscal year 2025 guidance of 12.770-12.970 EPS.

WealthPLAN Partners LLC cut its stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 42.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,600 shares of the apparel retailer's stock after selling 1,929 shares during the quarter. WealthPLAN Partners LLC's holdings in lululemon athletica were worth $618,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In related news, insider Nicole Neuburger sold 615 shares of the company's stock in a transaction that occurred on Tuesday, September 30th. The shares were 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. This represents a 6.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.54% of the company's stock.

lululemon athletica Stock Performance

Shares of LULU opened at $164.62 on Friday. The company has a market capitalization of $19.52 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 10.45 and a beta of 1.07. The company's 50 day simple moving average is $182.11 and its 200 day simple moving average is $232.60. lululemon athletica inc. has a 1 year low of $159.25 and a 1 year high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings data on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.24. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. lululemon athletica had a net margin of 16.38% and a return on equity of 42.05%. The company's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.15 earnings per share. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. Equities analysts expect that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on LULU shares. UBS Group lowered their price objective on shares of lululemon athletica from $240.00 to $185.00 and set a "neutral" rating on the stock in a research note on Friday, September 5th. Dbs Bank lowered their price objective on shares of lululemon athletica from $165.00 to $134.00 in a research note on Friday, September 19th. Baird R W cut shares of lululemon athletica from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 23rd. Bank of America lowered their price objective on shares of lululemon athletica from $210.00 to $185.00 and set a "neutral" rating on the stock in a research note on Friday, September 12th. Finally, Morgan Stanley lowered their price objective on shares of lululemon athletica from $223.00 to $185.00 and set an "equal weight" rating on the stock in a research note on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twenty-seven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, lululemon athletica currently has an average rating of "Hold" and an average target price of $231.26.

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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