Beck Bode LLC Has $12.79 Million Stake in lululemon athletica inc. $LULU

Key Points

• Beck Bode LLC increased its stake in lululemon athletica by 6.5%, holding 45,191 shares valued at approximately $12.79 million.
• Multiple institutional investors, including Vanguard and American Century Companies, have raised their stakes in lululemon during the first quarter, contributing to 85.20% of the stock being owned by institutional investors.
• Analysts have set a consensus price target of $309.75 for lululemon, with ratings ranging from a "Strong Buy" to a "Sell."

Beck Bode LLC raised its holdings in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 6.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,191 shares of the apparel retailer's stock after purchasing an additional 2,757 shares during the period. lululemon athletica comprises about 2.4% of Beck Bode LLC's portfolio, making the stock its 25th largest holding. Beck Bode LLC's holdings in lululemon athletica were worth $12,792,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Lido Advisors LLC grew its stake in shares of lululemon athletica by 1.9% in the fourth quarter. Lido Advisors LLC now owns 1,748 shares of the apparel retailer's stock worth $668,000 after purchasing an additional 32 shares in the last quarter. Colonial Trust Co SC grew its stake in shares of lululemon athletica by 2.1% in the fourth quarter. Colonial Trust Co SC now owns 1,737 shares of the apparel retailer's stock worth $664,000 after purchasing an additional 36 shares in the last quarter. Manhattan West Asset Management LLC grew its stake in shares of lululemon athletica by 5.4% in the first quarter. Manhattan West Asset Management LLC now owns 724 shares of the apparel retailer's stock worth $205,000 after purchasing an additional 37 shares in the last quarter. Horizon Investments LLC grew its stake in shares of lululemon athletica by 2.4% in the first quarter. Horizon Investments LLC now owns 1,610 shares of the apparel retailer's stock worth $456,000 after purchasing an additional 38 shares in the last quarter. Finally, Carolinas Wealth Consulting LLC grew its stake in shares of lululemon athletica by 30.7% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 166 shares of the apparel retailer's stock worth $63,000 after purchasing an additional 39 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Jefferies Financial Group dropped their price objective on lululemon athletica from $220.00 to $200.00 and set an "underperform" rating on the stock in a research note on Friday, June 6th. Stifel Nicolaus reduced their price objective on lululemon athletica from $353.00 to $324.00 and set a "buy" rating for the company in a research note on Friday, June 6th. UBS Group reduced their price objective on lululemon athletica from $290.00 to $240.00 and set a "neutral" rating for the company in a research note on Monday, August 18th. KeyCorp reduced their price objective on lululemon athletica from $400.00 to $350.00 and set an "overweight" rating for the company in a research note on Friday, June 6th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $360.00 price objective on shares of lululemon athletica in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, lululemon athletica presently has a consensus rating of "Moderate Buy" and a consensus target price of $305.75.

lululemon athletica Trading Down 1.4%

NASDAQ:LULU traded down $2.88 during trading hours on Monday, hitting $202.20. 3,158,627 shares of the stock traded hands, compared to its average volume of 3,345,829. The firm has a 50 day moving average price of $216.27 and a 200 day moving average price of $270.72. The firm has a market cap of $24.23 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 1.74 and a beta of 1.12. lululemon athletica inc. has a fifty-two week low of $185.95 and a fifty-two week high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (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 quarter last year, the business posted $2.54 EPS. The company'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. Research analysts predict that lululemon athletica inc. will post 14.36 EPS for the current year.

Insider Buying and Selling at lululemon athletica

In other news, CEO Calvin Mcdonald sold 27,049 shares of the business's 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 completion of the sale, the chief executive officer directly owned 110,564 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Insiders own 0.54% of the company's stock.

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.