Nicola Wealth Management LTD. Buys 3,300 Shares of lululemon athletica inc. $LULU

Key Points

• Nicola Wealth Management LTD. has increased its stake in lululemon athletica by 10.3%, owning a total of 35,300 shares valued at nearly $10 million following the purchase of additional shares in Q1.
• Multiple analysts have cut their price targets for lululemon athletica, with significantly lower estimates including Goldman Sachs reducing its target from $232 to $200 and Wells Fargo adjusting from $205 to $160.
• CEO Calvin McDonald sold 27,049 shares of the company, marking a 19.66% decrease in his ownership, as insiders continue to hold a minor 0.54% stake in the firm.

Nicola Wealth Management LTD. boosted its stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 10.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,300 shares of the apparel retailer's stock after purchasing an additional 3,300 shares during the period. Nicola Wealth Management LTD.'s holdings in lululemon athletica were worth $9,992,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in LULU. N.E.W. Advisory Services LLC bought a new stake in lululemon athletica in the 1st quarter worth approximately $25,000. Cornerstone Planning Group LLC grew its position in lululemon athletica by 506.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock worth $26,000 after purchasing an additional 81 shares during the period. Flaharty Asset Management LLC bought a new stake in lululemon athletica in the 1st quarter worth approximately $29,000. Zions Bancorporation National Association UT bought a new stake in lululemon athletica in the 1st quarter worth approximately $31,000. Finally, Garde Capital Inc. bought a new position in lululemon athletica in the first quarter worth approximately $35,000. Institutional investors own 85.20% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on LULU. CICC Research reiterated a "market perform" rating and issued a $280.49 price target on shares of lululemon athletica in a research report on Monday, June 9th. The Goldman Sachs Group cut their price objective on shares of lululemon athletica from $232.00 to $200.00 and set a "neutral" rating for the company in a research report on Friday, September 5th. William Blair downgraded shares of lululemon athletica from an "outperform" rating to a "market perform" rating in a research report on Friday, September 5th. Wells Fargo & Company cut their price objective on shares of lululemon athletica from $205.00 to $160.00 and set an "equal weight" rating for the company in a research report on Friday, September 5th. Finally, Evercore ISI reissued an "in-line" rating and set a $180.00 price objective (down previously from $265.00) on shares of lululemon athletica in a research report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $243.17.

Insiders Place Their Bets

In related news, CEO Calvin Mcdonald sold 27,049 shares of the firm'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 completion of the transaction, the chief executive officer directly owned 110,564 shares of the company's stock, valued at approximately $26,058,829.16. This trade represents a 19.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.54% of the company's stock.

lululemon athletica Price Performance

LULU opened at $165.78 on Friday. The firm has a market cap of $19.87 billion, a P/E ratio of 11.27, a PEG ratio of 6.76 and a beta of 1.12. lululemon athletica inc. has a 1-year low of $162.80 and a 1-year high of $423.32. The company has a 50 day simple moving average of $206.37 and a two-hundred day simple moving average of $260.59.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released 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 firm had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.55 billion. lululemon athletica had a net margin of 16.38% and a return on equity of 42.05%. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the business 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 anticipate that lululemon athletica inc. will post 14.36 earnings per share for the current year.

About lululemon athletica

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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