Trexquant Investment LP Takes $26.72 Million Position in lululemon athletica inc. $LULU

Key Points

• Trexquant Investment LP has acquired a new stake in lululemon athletica, purchasing 94,400 shares valued at approximately $26.7 million, representing 0.08% of the company's stock.
• Numerous institutional investors, including Vanguard Group and American Century, have increased their stakes in lululemon, with institutional ownership now at 85.20%.
• Analysts have varied opinions on lululemon's stock, with an average rating of "Moderate Buy" and a consensus target price of $309.75, reflecting differing expectations for the company's performance.

Trexquant Investment LP bought a new stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 94,400 shares of the apparel retailer's stock, valued at approximately $26,721,000. Trexquant Investment LP owned approximately 0.08% of lululemon athletica at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. N.E.W. Advisory Services LLC bought a new position in lululemon athletica in the first quarter valued at $25,000. Cornerstone Planning Group LLC grew its position in shares of lululemon athletica by 506.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock valued at $26,000 after acquiring an additional 81 shares during the period. Anderson Financial Strategies LLC bought a new position in shares of lululemon athletica in the 4th quarter valued at about $30,000. Zions Bancorporation National Association UT bought a new position in shares of lululemon athletica in the 1st quarter valued at about $31,000. Finally, Garde Capital Inc. bought a new position in shares of lululemon athletica in the 1st quarter valued at about $35,000. Institutional investors own 85.20% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on LULU. UBS Group decreased their price objective on shares of lululemon athletica from $290.00 to $240.00 and set a "neutral" rating for the company in a research report on Monday, August 18th. Evercore ISI lifted their price objective on shares of lululemon athletica from $320.00 to $400.00 and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. Citigroup decreased their price objective on shares of lululemon athletica from $270.00 to $220.00 and set a "neutral" rating for the company in a research report on Wednesday, August 27th. Needham & Company LLC decreased their price objective on shares of lululemon athletica from $317.00 to $238.00 and set a "buy" rating for the company in a research report on Friday. Finally, Robert W. Baird decreased their price objective on shares of lululemon athletica from $340.00 to $260.00 and set an "outperform" rating for the company in a research report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, lululemon athletica presently has a consensus rating of "Moderate Buy" and an average price target of $305.75.

lululemon athletica Stock Performance

Shares of LULU stock traded down $2.88 during midday trading on Monday, hitting $202.20. 3,158,627 shares of the company were exchanged, compared to its average volume of 3,345,829. The firm has a market capitalization of $24.23 billion, a P/E ratio of 13.70, a PEG ratio of 1.74 and a beta of 1.12. The firm's 50 day moving average price is $216.27 and its two-hundred day moving average price is $270.72. lululemon athletica inc. has a 52 week low of $185.95 and a 52 week 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 EPS 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%. lululemon athletica's revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.54 EPS. lululemon athletica has set its FY 2025 guidance at 14.580-14.780 EPS. Q2 2025 guidance at 2.850-2.900 EPS. Analysts expect that lululemon athletica inc. will post 14.36 EPS for the current year.

Insider Transactions at lululemon athletica

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the business's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $235.69, for a total value of $6,375,178.81. Following the completion of the sale, the chief executive officer 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.54% of the stock is owned by corporate insiders.

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.