Sowell Financial Services LLC Trims Stock Holdings in lululemon athletica inc. $LULU

Key Points

• Sowell Financial Services LLC decreased its stake in lululemon athletica inc. by 64.3% in Q2, now holding 1,016 shares valued at $241,000 after selling 1,826 shares.
• The company's recent earnings report indicated an EPS of $3.10, exceeding the consensus estimate of $2.86, and revenue was reported at $2.53 billion.
• Analysts have adjusted their target prices for lululemon, with some downgrading their ratings as low as $160.00, indicating a cautious outlook on the stock's performance.

Sowell Financial Services LLC reduced its stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 64.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,016 shares of the apparel retailer's stock after selling 1,826 shares during the period. Sowell Financial Services LLC's holdings in lululemon athletica were worth $241,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Congress Park Capital LLC purchased a new stake in lululemon athletica in the 2nd quarter valued at about $264,000. Farther Finance Advisors LLC grew its position in lululemon athletica by 54.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,163 shares of the apparel retailer's stock valued at $514,000 after acquiring an additional 762 shares in the last quarter. IFM Investors Pty Ltd grew its position in lululemon athletica by 1.1% in the 2nd quarter. IFM Investors Pty Ltd now owns 21,998 shares of the apparel retailer's stock valued at $5,226,000 after acquiring an additional 238 shares in the last quarter. Marshall Financial Group LLC grew its position in lululemon athletica by 7.7% in the 2nd quarter. Marshall Financial Group LLC now owns 3,619 shares of the apparel retailer's stock valued at $860,000 after acquiring an additional 258 shares in the last quarter. Finally, Fulton Bank N.A. grew its position in lululemon athletica by 7.9% in the 2nd quarter. Fulton Bank N.A. now owns 2,143 shares of the apparel retailer's stock valued at $509,000 after acquiring an additional 157 shares in the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

lululemon athletica Trading Up 2.5%

Shares of NASDAQ LULU opened at $176.30 on Friday. lululemon athletica inc. has a twelve month low of $159.25 and a twelve month high of $423.32. The stock has a 50 day moving average of $192.06 and a two-hundred day moving average of $246.87. The stock has a market cap of $20.91 billion, a P/E ratio of 11.99, a P/E/G ratio of 10.74 and a beta of 1.12.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The apparel retailer reported $3.10 EPS for the quarter, topping the consensus estimate of $2.86 by $0.24. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.The business had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.55 billion. During the same quarter in the prior year, the business earned $3.15 earnings per share. The company's quarterly revenue was up 6.5% compared to the same quarter last year. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. As a group, research analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Analyst Ratings Changes

LULU has been the subject of several research reports. Rothschild & Co Redburn dropped their target price on lululemon athletica from $230.00 to $160.00 and set a "sell" rating for the company in a research report on Friday, September 12th. Wells Fargo & Company lowered their price objective on lululemon athletica from $205.00 to $160.00 and set an "equal weight" rating for the company in a research report on Friday, September 5th. Evercore ISI reissued an "in-line" rating and set a $180.00 price objective (down from $265.00) on shares of lululemon athletica in a research report on Friday, September 5th. William Blair downgraded lululemon athletica from an "outperform" rating to a "market perform" rating in a research report on Friday, September 5th. Finally, Needham & Company LLC reissued a "hold" rating and set a $192.00 price objective on shares of lululemon athletica in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-six have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $234.64.

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.

Want to see what other hedge funds are holding LULU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for lululemon athletica inc. (NASDAQ:LULU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.