Quarry LP Acquires 2,378 Shares of lululemon athletica inc. $LULU

Key Points

• Quarry LP significantly increased its stake in lululemon athletica, raising its holdings by 2,264.8% to 2,483 shares, valued at approximately $703,000 by the end of the quarter.
• lululemon athletica reported quarterly earnings of $2.60 per share, matching expectations, with revenues of $2.37 billion, slightly exceeding analyst predictions.
• Analyst ratings reflect mixed outlooks, with one "Strong Buy", fourteen "Buy", and a consensus price target of $305.75, despite some brokerages reducing price objectives for the stock.

Quarry LP grew its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 2,264.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,483 shares of the apparel retailer's stock after purchasing an additional 2,378 shares during the quarter. Quarry LP's holdings in lululemon athletica were worth $703,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Brighton Jones LLC acquired a new position in lululemon athletica in the fourth quarter valued at approximately $429,000. Fourth Dimension Wealth LLC acquired a new stake in shares of lululemon athletica in the fourth quarter valued at approximately $61,000. Lido Advisors LLC raised its holdings in shares of lululemon athletica by 1.9% during the 4th quarter. Lido Advisors LLC now owns 1,748 shares of the apparel retailer's stock worth $668,000 after acquiring an additional 32 shares during the period. Absoluto Partners Gestao de Recursos Ltda purchased a new stake in shares of lululemon athletica in the 4th quarter valued at approximately $1,384,000. Finally, AXA S.A. raised its position in lululemon athletica by 11.4% in the fourth quarter. AXA S.A. now owns 76,831 shares of the apparel retailer's stock valued at $29,381,000 after purchasing an additional 7,868 shares during the period. Hedge funds and other institutional investors own 85.20% of the company's stock.

Insider Buying and Selling

In related news, CEO Calvin Mcdonald sold 27,049 shares of the stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $235.69, for a total value of $6,375,178.81. Following the completion of the transaction, the chief executive officer owned 110,564 shares of the company's stock, valued at $26,058,829.16. This represents a 19.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Jefferies Financial Group cut their price target on shares of lululemon athletica from $160.00 to $150.00 and set an "underperform" rating on the stock in a research note on Tuesday. Wells Fargo & Company dropped their price target on shares of lululemon athletica from $225.00 to $205.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 19th. Barclays decreased their price target on shares of lululemon athletica from $270.00 to $209.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 6th. Truist Financial dropped their price objective on shares of lululemon athletica from $297.00 to $290.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. Finally, Bank of America cut their price objective on lululemon athletica from $370.00 to $300.00 and set a "buy" rating for the company in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $303.83.

lululemon athletica Stock Down 0.8%

Shares of lululemon athletica stock traded down $1.68 during trading hours on Wednesday, hitting $198.53. 4,052,904 shares of the company's stock traded hands, compared to its average volume of 3,169,607. The company has a market cap of $23.79 billion, a PE ratio of 13.70, a PEG ratio of 1.74 and a beta of 1.12. The stock has a 50 day simple moving average of $215.15 and a 200-day simple moving average of $269.09. lululemon athletica inc. has a twelve month low of $185.95 and a twelve month high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, meeting the consensus estimate of $2.60. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter last year, the business earned $2.54 earnings per share. lululemon athletica's revenue was up 7.3% compared to the same quarter last year. lululemon athletica has set its FY 2025 guidance at 14.580-14.780 EPS. Q2 2025 guidance at 2.850-2.900 EPS. As a group, equities research analysts predict that lululemon athletica inc. will post 14.36 EPS for the current year.

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.