OLD National Bancorp IN Takes Position in lululemon athletica inc. $LULU

Key Points

• OLD National Bancorp IN has acquired a new stake in lululemon athletica, purchasing 17,183 shares valued at approximately $4,082,000 in the second quarter.
• Analysts have recently downgraded lululemon's stock ratings, with Zacks Research moving it from "hold" to "strong sell," and various price targets significantly lowered.
• Insider Nicole Neuburger sold 615 shares of lululemon stock for around $109,470, indicating a decline in their ownership position by 6.40%.

OLD National Bancorp IN bought a new stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 17,183 shares of the apparel retailer's stock, valued at approximately $4,082,000.

Several other hedge funds also recently modified their holdings of the company. Brighton Jones LLC acquired a new stake in lululemon athletica during the fourth quarter worth approximately $429,000. Merit Financial Group LLC boosted its holdings in shares of lululemon athletica by 124.4% during the first quarter. Merit Financial Group LLC now owns 3,786 shares of the apparel retailer's stock worth $1,072,000 after purchasing an additional 2,099 shares during the last quarter. Clean Yield Group grew its position in shares of lululemon athletica by 41.2% in the first quarter. Clean Yield Group now owns 10,876 shares of the apparel retailer's stock valued at $3,079,000 after purchasing an additional 3,173 shares during the period. UMB Bank n.a. grew its position in shares of lululemon athletica by 6.3% in the first quarter. UMB Bank n.a. now owns 744 shares of the apparel retailer's stock valued at $211,000 after purchasing an additional 44 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in lululemon athletica by 8.0% in the first quarter. Farther Finance Advisors LLC now owns 1,401 shares of the apparel retailer's stock valued at $392,000 after purchasing an additional 104 shares during the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on LULU shares. Zacks Research cut lululemon athletica from a "hold" rating to a "strong sell" rating in a report on Monday, September 8th. Stifel Nicolaus restated a "hold" rating and issued a $205.00 target price (down from $324.00) on shares of lululemon athletica in a report on Friday, September 5th. Barclays dropped their price target on shares of lululemon athletica from $209.00 to $180.00 and set an "equal weight" rating for the company in a research report on Friday, September 5th. Rothschild & Co Redburn decreased their price target on shares of lululemon athletica from $230.00 to $160.00 and set a "sell" rating on the stock in a report on Friday, September 12th. Finally, Jefferies Financial Group lowered their price objective on shares of lululemon athletica from $160.00 to $150.00 and set an "underperform" rating for the company in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-six have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, lululemon athletica has a consensus rating of "Hold" and a consensus target price of $233.33.

Insider Buying and Selling

In other news, insider Nicole Neuburger sold 615 shares of lululemon athletica stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $178.00, for a total value of $109,470.00. Following the completion of the transaction, the insider owned 8,993 shares in the company, valued at approximately $1,600,754. This trade represents a 6.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

lululemon athletica Trading Down 1.5%

lululemon athletica stock opened at $175.59 on Monday. lululemon athletica inc. has a 52 week low of $159.25 and a 52 week high of $423.32. The stock has a market cap of $20.82 billion, a P/E ratio of 11.94, a price-to-earnings-growth ratio of 10.98 and a beta of 1.07. The stock has a 50 day moving average of $187.64 and a 200-day moving average of $240.86.

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