lululemon athletica inc. $LULU Shares Sold by Van Hulzen Asset Management LLC

Key Points

• Van Hulzen Asset Management LLC reduced its stake in lululemon athletica by 67.5%, now holding 6,803 shares valued at approximately $1.93 million.
• CEO Calvin Mcdonald sold over 27,000 shares of the company, resulting in a 19.66% decrease in his ownership.
• Analyst ratings are mixed, with price targets for lululemon athletica ranging from $200 to $324, reflecting a decline from previous estimates in June.

Van Hulzen Asset Management LLC cut its position in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 67.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,803 shares of the apparel retailer's stock after selling 14,158 shares during the period. Van Hulzen Asset Management LLC's holdings in lululemon athletica were worth $1,926,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of LULU. Brighton Jones LLC bought a new stake in lululemon athletica during the 4th quarter valued at $429,000. Fourth Dimension Wealth LLC bought a new stake in lululemon athletica during the 4th quarter valued at $61,000. NewEdge Advisors LLC raised its position in lululemon athletica by 4.0% during the 4th quarter. NewEdge Advisors LLC now owns 3,662 shares of the apparel retailer's stock valued at $1,400,000 after purchasing an additional 141 shares in the last quarter. GeoWealth Management LLC raised its position in lululemon athletica by 46.4% during the 4th quarter. GeoWealth Management LLC now owns 470 shares of the apparel retailer's stock valued at $180,000 after purchasing an additional 149 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of lululemon athletica by 30.5% in the 4th quarter. Stifel Financial Corp now owns 86,085 shares of the apparel retailer's stock valued at $32,920,000 after acquiring an additional 20,114 shares during the period. 85.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on LULU shares. Piper Sandler cut their price target on lululemon athletica from $270.00 to $200.00 and set a "neutral" rating on the stock in a report on Tuesday, July 29th. Barclays cut their price target on lululemon athletica from $270.00 to $209.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 6th. Telsey Advisory Group reiterated an "outperform" rating and issued a $385.00 price target on shares of lululemon athletica in a report on Monday, June 2nd. JPMorgan Chase & Co. downgraded lululemon athletica from an "overweight" rating to a "neutral" rating and cut their price target for the company from $303.00 to $224.00 in a report on Tuesday, July 22nd. Finally, TD Securities cut their price target on lululemon athletica from $321.00 to $298.00 and set a "buy" rating on the stock in a report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, thirteen have given a Hold rating and one has given 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 Stock Performance

LULU stock traded up $9.41 during midday trading on Friday, reaching $207.59. The stock 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. The firm has a fifty day simple moving average of $219.14 and a two-hundred day simple moving average of $277.46. 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 issued its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.60. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%.The firm's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business 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. On average, sell-side analysts predict that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Insider Transactions at lululemon athletica

In related news, CEO Calvin Mcdonald sold 27,049 shares of the firm's stock in a transaction 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 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.54% of the stock is owned by company insiders.

lululemon athletica 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.