Northern Trust Corp Has $317.58 Million Stock Position in lululemon athletica inc. $LULU

Key Points

• Northern Trust Corp reduced its stake in lululemon athletica by 1.9% during the 1st quarter, holding 1,121,955 shares valued at approximately $317.58 million.
• CEO Calvin Mcdonald sold 27,049 shares of lululemon athletica for over $6.3 million, resulting in a 19.66% decrease in his ownership of the stock.
• lululemon athletica reported an EPS of $2.60 for the last quarter, meeting analysts' estimates and achieving a 7.3% year-over-year revenue growth.

Northern Trust Corp reduced its stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 1.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,121,955 shares of the apparel retailer's stock after selling 21,775 shares during the period. Northern Trust Corp owned 0.93% of lululemon athletica worth $317,581,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Anderson Financial Strategies LLC acquired a new position in shares of lululemon athletica during the 4th quarter worth about $30,000. N.E.W. Advisory Services LLC bought a new position in lululemon athletica during the 1st quarter worth approximately $25,000. Cornerstone Planning Group LLC boosted 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 during the last quarter. Zions Bancorporation National Association UT acquired a new position in lululemon athletica during the first quarter valued at approximately $31,000. Finally, Garde Capital Inc. bought a new stake in lululemon athletica in the first quarter valued at approximately $35,000. Institutional investors own 85.20% of the company's stock.

Insider Buying and Selling

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 value of $6,375,178.81. Following the completion of the transaction, the chief executive officer 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.54% of the company's stock.

lululemon athletica Price Performance

Shares of lululemon athletica stock opened at $198.12 on Thursday. The firm has a market cap of $23.74 billion, a price-to-earnings ratio of 13.42, a price-to-earnings-growth ratio of 1.69 and a beta of 1.16. The stock's 50-day moving average is $220.75 and its 200-day moving average is $282.22. lululemon athletica inc. has a one year low of $185.95 and a one year high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced 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. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%.lululemon athletica's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm earned $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 analysts expect that lululemon athletica inc. will post 14.36 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on LULU shares. Citigroup reduced their price target on shares of lululemon athletica from $325.00 to $270.00 and set a "neutral" rating on the stock in a research report on Friday, June 6th. Robert W. Baird reduced their target price on lululemon athletica from $340.00 to $260.00 and set an "outperform" rating on the stock in a report on Monday, August 11th. Stifel Nicolaus decreased their target price 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. BMO Capital Markets dropped their price target on lululemon athletica from $302.00 to $250.00 and set a "market perform" rating on the stock in a research report on Friday, June 6th. Finally, Needham & Company LLC cut their price objective on lululemon athletica from $366.00 to $317.00 and set a "buy" rating on the stock in a report on Friday, June 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, lululemon athletica has a consensus rating of "Moderate Buy" and a consensus price target of $319.98.

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.

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