Patten & Patten Inc. TN Decreases Stake in lululemon athletica inc. $LULU

Key Points

• Patten & Patten Inc. TN reduced its stake in lululemon athletica (NASDAQ:LULU) by 18.8%, selling 1,917 shares in Q2, and now holds 8,282 shares valued at approximately $1.97 million.
• Multiple institutional investors have increased their positions in lululemon athletica, reflecting a combined 85.20% ownership of the company's stock by institutional investors and hedge funds.
• Recent earnings reports for lululemon revealed an EPS of $3.10, exceeding analysts' expectations, while the company set a FY 2025 EPS guidance ranging from $12.770 to $12.970.

Patten & Patten Inc. TN lessened its holdings in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 18.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,282 shares of the apparel retailer's stock after selling 1,917 shares during the quarter. Patten & Patten Inc. TN's holdings in lululemon athletica were worth $1,968,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Manhattan West Asset Management LLC grew its position in shares of lululemon athletica by 5.4% in the 1st quarter. Manhattan West Asset Management LLC now owns 724 shares of the apparel retailer's stock worth $205,000 after acquiring an additional 37 shares in the last quarter. Horizon Investments LLC lifted its holdings in shares of lululemon athletica by 2.4% in the 1st quarter. Horizon Investments LLC now owns 1,610 shares of the apparel retailer's stock worth $456,000 after purchasing an additional 38 shares during the last quarter. GM Advisory Group LLC lifted its holdings in shares of lululemon athletica by 2.0% in the 1st quarter. GM Advisory Group LLC now owns 1,992 shares of the apparel retailer's stock worth $564,000 after purchasing an additional 40 shares during the last quarter. Hancock Whitney Corp lifted its holdings in shares of lululemon athletica by 4.6% in the 1st quarter. Hancock Whitney Corp now owns 951 shares of the apparel retailer's stock worth $269,000 after purchasing an additional 42 shares during the last quarter. Finally, Optimize Financial Inc lifted its holdings in shares of lululemon athletica by 2.3% in the 1st quarter. Optimize Financial Inc now owns 2,043 shares of the apparel retailer's stock worth $578,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

Insider Activity at lululemon athletica

In other news, insider Nicole Neuburger sold 615 shares of the business's stock in a transaction 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 sale, the insider owned 8,993 shares of the company's stock, valued at approximately $1,600,754. The trade was a 6.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.54% of the company's stock.

lululemon athletica Stock Performance

Shares of LULU stock opened at $167.10 on Thursday. lululemon athletica inc. has a 1 year low of $159.25 and a 1 year high of $423.32. The stock has a fifty day moving average of $182.65 and a two-hundred day moving average of $233.42. The firm has a market capitalization of $19.81 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 10.57 and a beta of 1.07.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings results on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.86 by $0.24. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the firm posted $3.15 EPS. The firm's quarterly 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. Equities research analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. UBS Group cut their price target on lululemon athletica from $240.00 to $185.00 and set a "neutral" rating on the stock in a report on Friday, September 5th. Jefferies Financial Group cut their price target on lululemon athletica from $150.00 to $120.00 and set an "underperform" rating on the stock in a report on Monday, October 6th. Weiss Ratings reissued a "sell (d+)" rating on shares of lululemon athletica in a report on Wednesday, October 8th. Evercore ISI reissued an "in-line" rating and issued a $180.00 price target (down previously from $265.00) on shares of lululemon athletica in a report on Friday, September 5th. Finally, Telsey Advisory Group downgraded lululemon athletica from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $360.00 to $200.00 in a report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-six have given a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $232.29.

lululemon athletica Company 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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