Prime Capital Investment Advisors LLC Lowers Stake in lululemon athletica inc. $LULU

Key Points

• Prime Capital Investment Advisors LLC reduced its stake in lululemon athletica by 10.2% in Q2, now owning 26,386 shares valued at approximately $6.27 million.
• lululemon reported earnings of $3.10 EPS for the last quarter, exceeding analysts' estimates of $2.86, but revenue of $2.53 billion fell slightly short of expectations.
• Major analysts maintain cautious ratings on lululemon, with consensus price targets ranging from $160 to $500, reflecting varying perspectives on its market performance.

Prime Capital Investment Advisors LLC decreased its holdings in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 10.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,386 shares of the apparel retailer's stock after selling 3,001 shares during the quarter. Prime Capital Investment Advisors LLC's holdings in lululemon athletica were worth $6,269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Belpointe Asset Management LLC grew its position in shares of lululemon athletica by 7.1% during the second quarter. Belpointe Asset Management LLC now owns 5,662 shares of the apparel retailer's stock worth $1,345,000 after buying an additional 377 shares in the last quarter. Marietta Wealth Management LLC boosted its stake in lululemon athletica by 6.2% during the 2nd quarter. Marietta Wealth Management LLC now owns 18,492 shares of the apparel retailer's stock valued at $4,393,000 after acquiring an additional 1,079 shares during the last quarter. OLD National Bancorp IN acquired a new position in lululemon athletica during the 2nd quarter worth $4,082,000. Capricorn Fund Managers Ltd increased its position in shares of lululemon athletica by 35.0% in the 2nd quarter. Capricorn Fund Managers Ltd now owns 13,500 shares of the apparel retailer's stock worth $3,207,000 after purchasing an additional 3,500 shares during the last quarter. Finally, Tilia Fiduciary Partners Inc. increased its position in shares of lululemon athletica by 1.6% in the 2nd quarter. Tilia Fiduciary Partners Inc. now owns 9,293 shares of the apparel retailer's stock worth $2,208,000 after purchasing an additional 148 shares during the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

lululemon athletica Stock Down 0.8%

Shares of NASDAQ LULU opened at $174.12 on Tuesday. lululemon athletica inc. has a 52-week low of $159.25 and a 52-week high of $423.32. The stock has a market capitalization of $20.65 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 10.98 and a beta of 1.07. The stock's fifty day simple moving average is $186.79 and its 200 day simple moving average is $239.82.

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LULU. Oppenheimer restated a "market perform" rating and set a $500.00 price objective on shares of lululemon athletica in a research note on Friday, September 5th. Needham & Company LLC restated a "hold" rating and set a $192.00 price objective on shares of lululemon athletica in a research note on Thursday, September 25th. Wells Fargo & Company cut their target price on lululemon athletica from $205.00 to $160.00 and set an "equal weight" rating on the stock in a research note on Friday, September 5th. Hsbc Global Res downgraded shares of lululemon athletica from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 11th. Finally, The Goldman Sachs Group dropped their price objective on shares of lululemon athletica from $232.00 to $200.00 and set a "neutral" rating on the stock in a report on Friday, September 5th. 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 stock. Based on data from MarketBeat, lululemon athletica presently has an average rating of "Hold" and a consensus price target of $232.29.

Insider Activity at lululemon athletica

In other news, insider Nicole Neuburger sold 615 shares of lululemon athletica stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $178.00, for a total value of $109,470.00. Following the transaction, the insider owned 8,993 shares of the company's stock, valued at $1,600,754. This trade represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.54% of the company's stock.

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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