Price T Rowe Associates Inc. MD Boosts Position in lululemon athletica inc. $LULU

Key Points

• Price T Rowe Associates Inc. MD increased its position in lululemon athletica by 3.3% during Q1, owning over 5 million shares worth approximately $1.4 billion.
• CEO Calvin McDonald sold 27,049 shares at an average price of $235.69, resulting in a 19.66% decrease in his ownership stake.
• Analyst ratings for lululemon have seen target price reductions from multiple firms, with a current consensus target price of $319.98.

Price T Rowe Associates Inc. MD increased its position in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 3.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,010,908 shares of the apparel retailer's stock after purchasing an additional 162,295 shares during the period. Price T Rowe Associates Inc. MD owned 4.15% of lululemon athletica worth $1,418,389,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LULU. N.E.W. Advisory Services LLC purchased a new position in shares of lululemon athletica in the 1st quarter valued at about $25,000. Cornerstone Planning Group LLC raised its stake in lululemon athletica by 506.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock worth $26,000 after acquiring an additional 81 shares in the last quarter. Anderson Financial Strategies LLC purchased a new stake in lululemon athletica in the fourth quarter valued at $30,000. Zions Bancorporation National Association UT acquired a new position in lululemon athletica in the first quarter valued at $31,000. Finally, Garde Capital Inc. purchased a new position in shares of lululemon athletica during the first quarter worth about $35,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LULU. UBS Group cut their target price on lululemon athletica from $290.00 to $240.00 and set a "neutral" rating on the stock in a research report on Monday, August 18th. Barclays cut their price target on lululemon athletica from $270.00 to $209.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 6th. JPMorgan Chase & Co. downgraded lululemon athletica from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $303.00 to $224.00 in a report on Tuesday, July 22nd. Stifel Nicolaus lowered their target price on shares of lululemon athletica from $353.00 to $324.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. Finally, BMO Capital Markets reduced their price target 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 investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, lululemon athletica presently has an average rating of "Moderate Buy" and a consensus target price of $319.98.

Insider Activity at lululemon athletica

In other lululemon athletica 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 transaction of $6,375,178.81. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.54% of the company's stock.

lululemon athletica Stock Up 4.7%

NASDAQ LULU traded up $9.41 during trading hours on Friday, hitting $207.59. 3,798,546 shares of the stock were exchanged, compared to its average volume of 3,486,725. The company has a market cap of $24.88 billion, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 1.78 and a beta of 1.16. lululemon athletica inc. has a 12-month low of $185.95 and a 12-month high of $423.32. The stock has a 50-day moving average of $219.14 and a 200 day moving average of $277.46.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.60. The company had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.36 billion. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%.The firm's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.54 EPS. lululemon athletica has set its FY 2025 guidance at 14.580-14.780 EPS. Q2 2025 guidance at 2.850-2.900 EPS. On average, equities research analysts expect that lululemon athletica inc. will post 14.36 earnings per share for the current year.

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.