Ransom Advisory Ltd Takes $457,000 Position in lululemon athletica inc. $LULU

Key Points

• Ransom Advisory Ltd has acquired a new stake in lululemon athletica, purchasing 1,615 shares valued at approximately $457,000 in the first quarter of 2023.
• lululemon athletica's stock has been downgraded by several brokerages, with Goldman Sachs reducing their target price from $232 to $200 and issuing a "neutral" rating.
• In its latest earnings report, lululemon reported $3.10 earnings per share, exceeding analysts' expectations, despite a slight revenue shortfall compared to estimates.

Ransom Advisory Ltd acquired a new stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,615 shares of the apparel retailer's stock, valued at approximately $457,000.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of lululemon athletica by 1.2% in the first quarter. Vanguard Group Inc. now owns 13,266,929 shares of the apparel retailer's stock valued at $3,755,337,000 after purchasing an additional 157,764 shares during the period. Price T Rowe Associates Inc. MD increased its holdings 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 valued at $1,418,389,000 after purchasing an additional 162,295 shares during the period. Alliancebernstein L.P. increased its holdings in shares of lululemon athletica by 9.0% in the first quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer's stock valued at $1,356,507,000 after purchasing an additional 394,706 shares during the period. Flossbach Von Storch SE increased its holdings in shares of lululemon athletica by 10.3% in the first quarter. Flossbach Von Storch SE now owns 1,401,885 shares of the apparel retailer's stock valued at $396,818,000 after purchasing an additional 130,565 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of lululemon athletica by 7.2% in the first quarter. Invesco Ltd. now owns 1,387,609 shares of the apparel retailer's stock valued at $392,777,000 after purchasing an additional 93,530 shares during the period. 85.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LULU. Jefferies Financial Group cut their price objective on lululemon athletica from $160.00 to $150.00 and set an "underperform" rating on the stock in a report on Tuesday, September 2nd. Hsbc Global Res lowered lululemon athletica from a "strong-buy" rating to a "hold" rating in a report on Thursday. Morgan Stanley dropped their target price on lululemon athletica from $280.00 to $223.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 26th. Robert W. Baird dropped their target price on lululemon athletica from $260.00 to $225.00 and set an "outperform" rating on the stock in a report on Friday, September 5th. Finally, BMO Capital Markets dropped their target price on lululemon athletica from $302.00 to $250.00 and set a "market perform" rating on the stock in a report on Friday, June 6th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-three have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $242.24.

Insider Transactions at lululemon athletica

In other news, CEO Calvin Mcdonald sold 27,049 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $235.69, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.54% of the company's stock.

lululemon athletica Price Performance

LULU stock traded down $5.91 during mid-day trading on Friday, reaching $159.87. 7,990,753 shares of the company's stock were exchanged, compared to its average volume of 6,675,882. The company has a market cap of $19.16 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 6.83 and a beta of 1.12. The stock's 50 day moving average is $204.62 and its 200 day moving average is $258.42. lululemon athletica inc. has a 12-month low of $159.75 and a 12-month high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued 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. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.lululemon athletica's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.15 earnings per share. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. On average, research analysts forecast that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

lululemon athletica 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.