Raymond James Financial Inc. Has $28.80 Million Stake in lululemon athletica inc. $LULU

Key Points

• Raymond James Financial Inc. reduced its stake in lululemon athletica by 12.2%, holding a total of 101,741 shares valued at approximately $28.80 million after selling 14,150 shares.
• Institutional ownership of lululemon athletica stands at 85.20%, with significant increases from various firms including GAMMA Investing LLC, which raised its stake by 37,062.1%.
• Recent earnings report showed lululemon achieving $2.60 EPS, meeting analysts’ estimates, with quarterly revenue rising by 7.3% compared to the previous year.

Raymond James Financial Inc. lowered its stake in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 12.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,741 shares of the apparel retailer's stock after selling 14,150 shares during the quarter. Raymond James Financial Inc. owned 0.08% of lululemon athletica worth $28,799,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in lululemon athletica by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 13,266,929 shares of the apparel retailer's stock worth $3,755,337,000 after purchasing an additional 157,764 shares in the last quarter. Flossbach Von Storch SE grew its position in shares of lululemon athletica by 10.3% in the 1st quarter. Flossbach Von Storch SE now owns 1,401,885 shares of the apparel retailer's stock worth $396,818,000 after buying an additional 130,565 shares during the last quarter. Invesco Ltd. lifted its stake in shares of lululemon athletica by 7.2% in the 1st 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. American Century Companies Inc. lifted its stake in shares of lululemon athletica by 12.1% in the 1st quarter. American Century Companies Inc. now owns 1,301,017 shares of the apparel retailer's stock valued at $368,266,000 after purchasing an additional 139,944 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of lululemon athletica by 15.2% in the 4th quarter. Northern Trust Corp now owns 1,143,730 shares of the apparel retailer's stock valued at $437,374,000 after purchasing an additional 151,336 shares during the period. Institutional investors own 85.20% of the company's stock.

Insiders Place Their Bets

In other 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 transaction of $6,375,178.81. Following the transaction, the chief executive officer owned 110,564 shares of the company's stock, valued at approximately $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 accessible through this hyperlink. 0.54% of the stock is currently owned by insiders.

lululemon athletica Stock Down 0.2%

NASDAQ:LULU traded down $0.49 during trading hours on Thursday, reaching $205.08. 2,826,636 shares of the stock were exchanged, compared to its average volume of 2,684,829. The company has a market capitalization of $24.58 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 1.74 and a beta of 1.16. The business has a 50-day moving average of $217.25 and a two-hundred day moving average of $275.10. 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 earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, hitting the consensus estimate of $2.60. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The business's quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm 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, research analysts forecast that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LULU has been the subject of several recent analyst reports. Needham & Company LLC decreased their price target on lululemon athletica from $366.00 to $317.00 and set a "buy" rating for the company in a research note on Friday, June 6th. Wells Fargo & Company dropped their price objective on lululemon athletica from $225.00 to $205.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 19th. Evercore ISI upped their price objective on lululemon athletica from $320.00 to $400.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 3rd. UBS Group dropped their price target on lululemon athletica from $290.00 to $240.00 and set a "neutral" rating for the company in a research note on Monday, August 18th. Finally, TD Securities decreased their price objective on lululemon athletica from $321.00 to $298.00 and set a "buy" rating on the stock in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $309.75.

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.