Sandler Capital Management Invests $484,000 in lululemon athletica inc. $LULU

Key Points

• Sandler Capital Management has invested approximately $484,000 in lululemon athletica, acquiring 1,711 shares during the first quarter of the year.
• Wall Street analysts have revised their price targets for lululemon athletica, with estimates ranging from $150 to $500, while the consensus rating remains at "Hold."
• CEO Calvin McDonald sold 27,049 shares of lululemon athletica, decreasing his position by 19.66%, which raises questions about insider sentiment.

Sandler Capital Management purchased a new stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,711 shares of the apparel retailer's stock, valued at approximately $484,000.

Other hedge funds have also bought and sold shares of the company. N.E.W. Advisory Services LLC acquired a new stake in lululemon athletica in the 1st quarter valued at $25,000. Cornerstone Planning Group LLC raised its stake in shares of lululemon athletica by 506.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock worth $26,000 after purchasing an additional 81 shares during the period. Zions Bancorporation National Association UT bought a new stake in shares of lululemon athletica during the 1st quarter worth $31,000. Garde Capital Inc. bought a new stake in shares of lululemon athletica during the 1st quarter worth $35,000. Finally, CENTRAL TRUST Co raised its stake in lululemon athletica by 154.9% in the 1st quarter. CENTRAL TRUST Co now owns 130 shares of the apparel retailer's stock valued at $37,000 after acquiring an additional 79 shares during the period. Institutional investors and hedge funds own 85.20% of the company's stock.

lululemon athletica Price Performance

Shares of lululemon athletica stock traded down $2.43 during trading on Tuesday, hitting $165.67. 2,307,377 shares of the company's stock traded hands, compared to its average volume of 3,041,336. lululemon athletica inc. has a 1 year low of $162.80 and a 1 year high of $423.32. The stock has a market capitalization of $19.86 billion, a P/E ratio of 11.35, a PEG ratio of 1.60 and a beta of 1.12. The business has a 50-day simple moving average of $211.25 and a 200-day simple moving average of $263.34.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings data on Thursday, September 4th. The apparel retailer reported $3.10 EPS for the quarter, beating the consensus estimate of $2.86 by $0.24. The company had revenue of $2.53 billion for the quarter, compared to analysts' expectations 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 was up 6.5% compared to the same quarter last year. During the same period last year, the firm 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, equities analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

Insider Transactions at lululemon athletica

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the firm's stock in a transaction dated 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 directly 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. Insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group lowered their price objective on lululemon athletica from $160.00 to $150.00 and set an "underperform" rating on the stock in a research note on Tuesday, September 2nd. Wells Fargo & Company decreased their price target on lululemon athletica from $205.00 to $160.00 and set an "equal weight" rating on the stock in a research report on Friday. Robert W. Baird cut their price objective on lululemon athletica from $260.00 to $225.00 and set an "outperform" rating for the company in a report on Friday. Evercore ISI reissued an "in-line" rating and set a $180.00 price objective (down previously from $265.00) on shares of lululemon athletica in a report on Friday. Finally, Sanford C. Bernstein cut their target price on lululemon athletica from $350.00 to $220.00 and set an "outperform" rating for the company in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-one have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $245.79.

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.