United Asset Strategies Inc. Sells 3,112 Shares of lululemon athletica inc. $LULU

Key Points

• United Asset Strategies Inc. has reduced its stock holdings in lululemon athletica by 54.2% during the 1st quarter, leaving them with 2,627 shares valued at $744,000.
• Despite the reduction by United Asset Strategies, several other institutional investors, including Vanguard Group Inc. and American Century Companies Inc., have increased their stakes in lululemon athletica.
• lululemon athletica reported quarterly earnings per share of $2.60, meeting expectations, with revenue of $2.37 billion, representing a 7.3% year-over-year increase.

United Asset Strategies Inc. decreased its position in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 54.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,627 shares of the apparel retailer's stock after selling 3,112 shares during the quarter. United Asset Strategies Inc.'s holdings in lululemon athletica were worth $744,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Anderson Financial Strategies LLC bought a new stake in shares of lululemon athletica during the fourth quarter valued at approximately $30,000. N.E.W. Advisory Services LLC purchased a new stake in shares of lululemon athletica in the first quarter worth approximately $25,000. Cornerstone Planning Group LLC raised 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 during the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of lululemon athletica in the first quarter worth approximately $31,000. Finally, Garde Capital Inc. purchased a new stake in shares of lululemon athletica in the first quarter worth approximately $35,000. Institutional investors own 85.20% of the company's stock.

lululemon athletica Stock Performance

LULU traded up $9.41 during midday trading on Friday, reaching $207.59. The company had a trading volume of 3,798,546 shares, compared to its average volume of 3,486,725. The stock has a market cap of $24.88 billion, a PE ratio of 14.06, a P/E/G ratio of 1.78 and a beta of 1.16. lululemon athletica inc. has a 12-month low of $185.95 and a 12-month high of $423.32. The business has a 50-day moving average price of $219.14 and a two-hundred day moving average price of $277.46.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, meeting analysts' consensus estimates of $2.60. The firm had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.36 billion. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The company's quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.54 earnings per share. lululemon athletica has set its FY 2025 guidance at 14.580-14.780 EPS. Q2 2025 guidance at 2.850-2.900 EPS. On average, research analysts anticipate that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Insiders Place Their Bets

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 110,564 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this link. 0.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LULU. UBS Group lowered their price objective on lululemon athletica from $290.00 to $240.00 and set a "neutral" rating for the company in a research note on Monday, August 18th. Barclays lowered their price objective on lululemon athletica from $270.00 to $209.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 6th. Truist Financial lowered their price objective on lululemon athletica from $297.00 to $290.00 and set a "buy" rating for the company in a research note on Friday, June 6th. Wells Fargo & Company lowered their price objective on lululemon athletica from $225.00 to $205.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 19th. Finally, BTIG Research dropped their target price on shares of lululemon athletica from $420.00 to $405.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, lululemon athletica presently has a consensus rating of "Moderate Buy" and an average 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.