T. Rowe Price Investment Management Inc. Increases Stake in lululemon athletica inc. $LULU

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in lululemon athletica by 151.6%, owning 770,336 shares worth approximately $218 million following the acquisition of 464,186 additional shares.
• Multiple institutional investors also boosted their positions in lululemon during the first quarter, with Narwhal Capital Management leading the way by increasing its stake by 262.7%.
• CEO Calvin McDonald sold 27,049 shares of the company's stock, marking a 19.66% decrease in his position, as he still retains 110,564 shares valued at over $26 million.

T. Rowe Price Investment Management Inc. raised its stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 151.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 770,336 shares of the apparel retailer's stock after purchasing an additional 464,186 shares during the quarter. T. Rowe Price Investment Management Inc. owned 0.64% of lululemon athletica worth $218,052,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Twin Capital Management Inc. boosted its position in lululemon athletica by 58.3% during the 1st quarter. Twin Capital Management Inc. now owns 3,676 shares of the apparel retailer's stock valued at $1,041,000 after buying an additional 1,354 shares during the period. Narwhal Capital Management raised its stake in shares of lululemon athletica by 262.7% during the first quarter. Narwhal Capital Management now owns 18,777 shares of the apparel retailer's stock valued at $5,315,000 after acquiring an additional 13,600 shares during the last quarter. Sawgrass Asset Management LLC purchased a new stake in shares of lululemon athletica during the first quarter worth about $9,209,000. WealthPlan Investment Management LLC grew its stake in shares of lululemon athletica by 26.9% in the first quarter. WealthPlan Investment Management LLC now owns 7,647 shares of the apparel retailer's stock worth $2,165,000 after purchasing an additional 1,622 shares during the last quarter. Finally, Flossbach Von Storch SE grew its stake 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 worth $396,818,000 after purchasing an additional 130,565 shares during the last quarter. Institutional investors own 85.20% of the company's stock.

Insider Activity

In other news, CEO Calvin Mcdonald sold 27,049 shares of the business'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 sale, the chief executive officer directly owned 110,564 shares of the company's stock, valued at $26,058,829.16. The trade was a 19.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.54% of the company's stock.

lululemon athletica Trading Up 0.2%

Shares of lululemon athletica stock opened at $198.12 on Thursday. The firm has a market capitalization of $23.74 billion, a P/E ratio of 13.42, a P/E/G ratio of 1.69 and a beta of 1.16. The business has a fifty day simple moving average of $220.75 and a two-hundred day simple moving average of $282.22. lululemon athletica inc. has a 12 month low of $185.95 and a 12 month high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.60. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period last year, the business earned $2.54 EPS. lululemon athletica's quarterly revenue was up 7.3% compared to the same quarter last year. lululemon athletica has set its FY 2025 guidance at 14.580-14.780 EPS. Q2 2025 guidance at 2.850-2.900 EPS. Analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the company. TD Securities lowered their price target on lululemon athletica from $321.00 to $298.00 and set a "buy" rating for the company in a research report on Monday. Bank of America reduced their target price on lululemon athletica from $400.00 to $370.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. Wells Fargo & Company decreased their target price on lululemon athletica from $225.00 to $205.00 and set an "equal weight" rating for the company in a report on Tuesday. Piper Sandler dropped their price target on lululemon athletica from $270.00 to $200.00 and set a "neutral" rating for the company in a research note on Tuesday, July 29th. Finally, KeyCorp reduced their price objective on shares of lululemon athletica from $400.00 to $350.00 and set an "overweight" rating on the stock in a research report on Friday, June 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $319.98.

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.

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