Palmer Knight Co Increases Stake in lululemon athletica inc. $LULU

Key Points

• Palmer Knight Co increased its stake in lululemon athletica by 39.7% during Q2, owning 30,554 shares valued at approximately $7.26 million.
• Several analysts downgraded lululemon, with Telsey Advisory Group reducing its price target from $360 to $200, while a consensus rating of "Hold" remains.
• lululemon athletica reported $3.10 EPS for the last quarter, exceeding expectations, while the company projected future earnings guidance ranging between $2.180-$2.230 EPS for Q3 2025.

Palmer Knight Co increased its holdings in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 39.7% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,554 shares of the apparel retailer's stock after purchasing an additional 8,680 shares during the period. lululemon athletica makes up about 3.1% of Palmer Knight Co's holdings, making the stock its 21st biggest holding. Palmer Knight Co's holdings in lululemon athletica were worth $7,259,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in LULU. N.E.W. Advisory Services LLC purchased a new stake in shares of lululemon athletica in the 1st quarter valued at $25,000. Cornerstone Planning Group LLC boosted its position in lululemon athletica by 506.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock valued at $26,000 after buying an additional 81 shares during the period. Flaharty Asset Management LLC purchased a new stake in lululemon athletica during the 1st quarter valued at $29,000. Blue Trust Inc. boosted its position in lululemon athletica by 96.8% during the 2nd quarter. Blue Trust Inc. now owns 124 shares of the apparel retailer's stock valued at $29,000 after buying an additional 61 shares during the period. Finally, Trust Co. of Toledo NA OH purchased a new stake in lululemon athletica during the 2nd quarter valued at $30,000. Hedge funds and other institutional investors own 85.20% of the company's stock.

Analyst Upgrades and Downgrades

LULU has been the subject of several analyst reports. Telsey Advisory Group cut shares of lululemon athletica from an "outperform" rating to a "market perform" rating and dropped their price target for the company from $360.00 to $200.00 in a research report on Monday, September 15th. Truist Financial cut shares of lululemon athletica from a "buy" rating to a "hold" rating and set a $170.00 price target for the company. in a research report on Friday, September 5th. Morgan Stanley dropped their price target on shares of lululemon athletica from $223.00 to $185.00 and set an "equal weight" rating for the company in a research report on Tuesday, September 30th. Needham & Company LLC reissued a "hold" rating and set a $192.00 price target on shares of lululemon athletica in a research report on Thursday, September 25th. Finally, BTIG Research reissued a "buy" rating and set a $303.00 price target on shares of lululemon athletica in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twenty-seven have issued a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat.com, lululemon athletica has a consensus rating of "Hold" and an average price target of $231.26.

lululemon athletica Price Performance

Shares of lululemon athletica stock opened at $167.41 on Friday. The company has a 50-day moving average of $181.67 and a 200 day moving average of $231.47. The firm has a market cap of $19.85 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 10.46 and a beta of 1.07. lululemon athletica inc. has a 1 year low of $159.25 and a 1 year high of $423.32.

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

Insider Activity

In related news, insider Nicole Neuburger sold 615 shares of the stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $178.00, for a total value of $109,470.00. Following the completion of the transaction, the insider directly owned 8,993 shares in the company, valued at $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 is available through this hyperlink. 0.54% of the stock is currently owned by insiders.

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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