13,301 Shares in lululemon athletica inc. $LULU Bought by Quantitative Investment Management LLC

Key Points

• Quantitative Investment Management LLC acquired 13,301 shares of lululemon athletica, worth approximately $3.76 million, during the 1st quarter.
• Analysts have mixed ratings on LULU, with price targets varying significantly; BMO Capital Markets lowered its target from $302 to $250, while Evercore ISI raised it from $320 to $400.
• lululemon reported earnings of $2.60 per share for the last quarter, meeting consensus estimates and showing a 7.3% revenue increase year over year.

Quantitative Investment Management LLC purchased a new position in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,301 shares of the apparel retailer's stock, valued at approximately $3,764,000.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of lululemon athletica by 37,062.1% in the first quarter. GAMMA Investing LLC now owns 563,006 shares of the apparel retailer's stock valued at $159,364,000 after acquiring an additional 561,491 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in lululemon athletica by 151.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 770,336 shares of the apparel retailer's stock valued at $218,052,000 after purchasing an additional 464,186 shares in the last quarter. Nuveen LLC purchased a new stake in shares of lululemon athletica during the first quarter worth $123,894,000. Ameriprise Financial Inc. raised its position in shares of lululemon athletica by 128.2% in the fourth quarter. Ameriprise Financial Inc. now owns 706,300 shares of the apparel retailer's stock valued at $270,223,000 after buying an additional 396,732 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of lululemon athletica by 3.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,010,908 shares of the apparel retailer's stock worth $1,418,389,000 after buying an additional 162,295 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

lululemon athletica Price Performance

Shares of LULU stock traded up $3.04 on Wednesday, hitting $205.57. The stock had a trading volume of 3,415,374 shares, compared to its average volume of 3,510,746. The company's 50 day moving average price is $217.71 and its 200-day moving average price is $275.58. lululemon athletica inc. has a 1 year low of $185.95 and a 1 year high of $423.32. The firm has a market capitalization of $24.64 billion, a P/E ratio of 13.93, a P/E/G ratio of 1.74 and a beta of 1.16.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, meeting the consensus estimate of $2.60. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate 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 was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted $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 forecast that lululemon athletica inc. will post 14.36 EPS for the current year.

Insider Activity at lululemon athletica

In other news, CEO Calvin Mcdonald sold 27,049 shares of the company's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the sale, the chief executive officer owned 110,564 shares of the company's stock, valued at approximately $26,058,829.16. This represents a 19.66% decrease in their ownership of the stock. The transaction 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 company insiders.

Analyst Upgrades and Downgrades

LULU has been the subject of a number of recent research reports. BTIG Research cut their price objective on shares of lululemon athletica from $405.00 to $375.00 and set a "buy" rating for the company in a report on Wednesday. Robert W. Baird lowered their price objective on lululemon athletica from $340.00 to $260.00 and set an "outperform" rating on the stock in a research note on Monday, August 11th. KeyCorp cut their target price on lululemon athletica from $400.00 to $350.00 and set an "overweight" rating for the company in a research note on Friday, June 6th. Telsey Advisory Group reissued an "outperform" rating and set a $385.00 price target on shares of lululemon athletica in a research report on Monday, June 2nd. Finally, Morgan Stanley cut their price objective on shares of lululemon athletica from $280.00 to $223.00 and set an "equal weight" rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $310.28.

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.