Scientech Research LLC Buys 2,463 Shares of lululemon athletica inc. $LULU

Key Points

• Scientech Research LLC has increased its stake in lululemon athletica inc. by 117.5%, owning 4,560 shares worth approximately $1.29 million at the end of the first quarter.
• Despite a 18.6% decline in stock price, lululemon reported better-than-expected earnings of $3.10 per share, exceeding estimates by $0.24.
• Analysts have set a new price target for lululemon athletica, with some downgrades and a consensus rating of "Hold" and an average target price of $245.79.

Scientech Research LLC raised its holdings in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 117.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,560 shares of the apparel retailer's stock after purchasing an additional 2,463 shares during the period. Scientech Research LLC's holdings in lululemon athletica were worth $1,291,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. N.E.W. Advisory Services LLC purchased a new position in shares of lululemon athletica in the first quarter worth about $25,000. Cornerstone Planning Group LLC increased its stake in shares of lululemon athletica by 506.3% in the first quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock worth $26,000 after purchasing an additional 81 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of lululemon athletica in the first quarter worth about $31,000. Garde Capital Inc. purchased a new position in shares of lululemon athletica in the first quarter worth about $35,000. Finally, CENTRAL TRUST Co increased its stake in shares of lululemon athletica by 154.9% in the first quarter. CENTRAL TRUST Co now owns 130 shares of the apparel retailer's stock worth $37,000 after purchasing an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company's stock.

lululemon athletica Stock Down 0.9%

Shares of lululemon athletica stock traded down $1.54 during trading on Wednesday, hitting $164.15. 5,316,369 shares of the stock traded hands, compared to its average volume of 3,090,524. The stock has a market cap of $19.67 billion, a price-to-earnings ratio of 11.16, a PEG ratio of 6.93 and a beta of 1.12. The firm's fifty day moving average is $209.66 and its 200-day moving average is $262.67. lululemon athletica inc. has a 52 week low of $162.80 and a 52 week high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced 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 firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.The company's revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $3.15 EPS. 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, analysts forecast that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

Insider Activity at lululemon athletica

In related news, CEO Calvin Mcdonald sold 27,049 shares of the stock in a transaction on 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LULU. Evercore ISI restated an "in-line" rating and issued a $180.00 price objective (down from $265.00) on shares of lululemon athletica in a research report on Friday, September 5th. Bank of America reiterated a "neutral" rating and issued a $210.00 target price (down from $300.00) on shares of lululemon athletica in a research note on Friday, September 5th. TD Securities lowered their target price on shares of lululemon athletica from $298.00 to $220.00 and set a "buy" rating on the stock in a research note on Friday, September 5th. Piper Sandler lowered their target price on shares of lululemon athletica from $200.00 to $165.00 and set a "neutral" rating on the stock in a research note on Friday, September 5th. Finally, UBS Group lowered their target price on shares of lululemon athletica from $240.00 to $185.00 and set a "neutral" rating on the stock in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-one have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, lululemon athletica presently has an average rating of "Hold" and a consensus target price of $245.79.

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.