Rafferty Asset Management LLC Purchases 2,500 Shares of lululemon athletica inc. $LULU

Key Points

• Rafferty Asset Management LLC increased its stake in lululemon athletica by 5.6%, owning $13.44 million worth of shares after acquiring an additional 2,500 shares in the first quarter.
• Several other institutional investors have also boosted their holdings, with Twin Capital Management Inc. increasing its stake by 58.3%, bringing its total to 3,676 shares valued at over $1 million.
• CEO Calvin McDonald sold 27,049 shares for over $6.3 million, reducing his holdings by 19.66%, while the stock is presently rated "Moderate Buy" with a consensus target price of $313.24.

Rafferty Asset Management LLC increased its position in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 5.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,486 shares of the apparel retailer's stock after acquiring an additional 2,500 shares during the quarter. Rafferty Asset Management LLC's holdings in lululemon athletica were worth $13,441,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC acquired a new stake in lululemon athletica during the 1st quarter valued at $25,000. Cornerstone Planning Group LLC grew its holdings in shares of lululemon athletica by 506.3% during the first 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 in the last quarter. Anderson Financial Strategies LLC purchased a new position in shares of lululemon athletica during the fourth quarter valued at $30,000. Zions Bancorporation National Association UT acquired a new position in lululemon athletica during the first quarter valued at $31,000. Finally, Garde Capital Inc. purchased a new stake in lululemon athletica in the 1st quarter worth about $35,000. Institutional investors and hedge funds own 85.20% of the company's stock.

lululemon athletica Price Performance

NASDAQ:LULU traded down $2.88 during trading hours on Friday, reaching $202.20. The company's stock had a trading volume of 3,158,627 shares, compared to its average volume of 3,422,237. The company has a market cap of $24.23 billion, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 1.76 and a beta of 1.16. lululemon athletica inc. has a one year low of $185.95 and a one year high of $423.32. The business's 50-day moving average is $216.27 and its 200-day moving average is $272.41.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $2.36 billion. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%.The business's revenue was up 7.3% compared to the same quarter last year. During the same period last year, the company earned $2.54 earnings per share. 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, sell-side analysts predict that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Insider Transactions at lululemon athletica

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 110,564 shares in the company, valued at $26,058,829.16. This trade represents a 19.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.54% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on LULU. BTIG Research lowered their target price on lululemon athletica from $405.00 to $375.00 and set a "buy" rating on the stock in a research note on Wednesday. TD Securities lowered their price objective on shares of lululemon athletica from $321.00 to $298.00 and set a "buy" rating on the stock in a research report on Monday, August 18th. Robert W. Baird dropped their price objective on shares of lululemon athletica from $340.00 to $260.00 and set an "outperform" rating on the stock in a research note on Monday, August 11th. JPMorgan Chase & Co. lowered shares of lululemon athletica from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $303.00 to $224.00 in a research note on Tuesday, July 22nd. Finally, Citigroup lowered their price target on shares of lululemon athletica from $270.00 to $220.00 and set a "neutral" rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $305.75.

About lululemon athletica

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.