Van Lanschot Kempen Investment Management N.V. Sells 2,222 Shares of lululemon athletica inc. $LULU

Key Points

• Van Lanschot Kempen Investment Management N.V. reduced its holdings in lululemon athletica by 77.6%, selling 2,222 shares, and now owns only 642 shares valued at approximately $182,000.
• Multiple large investors have increased their stakes in lululemon athletica, with Narwhal Capital Management raising its holdings by 262.7%, and now owning shares worth $5.3 million.
• Analysts have lowered price targets for lululemon athletica, with Jefferies cutting their target from $220 to $200, while Morgan Stanley set a new target at $280, down from $346.

Van Lanschot Kempen Investment Management N.V. trimmed its holdings in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 77.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 642 shares of the apparel retailer's stock after selling 2,222 shares during the period. Van Lanschot Kempen Investment Management N.V.'s holdings in lululemon athletica were worth $182,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Twin Capital Management Inc. lifted its stake in shares of lululemon athletica by 58.3% in the first 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 in the last quarter. Narwhal Capital Management raised its holdings in shares of lululemon athletica by 262.7% in the first quarter. Narwhal Capital Management now owns 18,777 shares of the apparel retailer's stock valued at $5,315,000 after purchasing an additional 13,600 shares during the last quarter. Sawgrass Asset Management LLC purchased a new stake in shares of lululemon athletica in the first quarter valued at about $9,209,000. WealthPlan Investment Management LLC raised its holdings 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 valued at $2,165,000 after purchasing an additional 1,622 shares during the last quarter. Finally, Flossbach Von Storch SE raised its holdings 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 valued at $396,818,000 after purchasing an additional 130,565 shares during the last quarter. 85.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on LULU. Jefferies Financial Group lowered their target price on shares of lululemon athletica from $220.00 to $200.00 and set an "underperform" rating for the company in a report on Friday, June 6th. Morgan Stanley reiterated an "equal weight" rating and issued a $280.00 target price (down previously from $346.00) on shares of lululemon athletica in a report on Monday, June 9th. Piper Sandler lowered their target price on shares of lululemon athletica from $270.00 to $200.00 and set a "neutral" rating for the company in a report on Tuesday, July 29th. JPMorgan Chase & Co. downgraded shares of lululemon athletica from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $303.00 to $224.00 in a report on Tuesday, July 22nd. Finally, BMO Capital Markets lowered their target price on shares of lululemon athletica from $302.00 to $250.00 and set a "market perform" rating for the company in a 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 given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, lululemon athletica currently has an average rating of "Moderate Buy" and an average price target of $319.98.

lululemon athletica Stock Performance

NASDAQ LULU opened at $198.12 on Thursday. lululemon athletica inc. has a 52-week low of $185.95 and a 52-week high of $423.32. The company has a 50-day simple moving average of $220.75 and a 200 day simple moving average of $282.22. The company has a market capitalization of $23.74 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 1.69 and a beta of 1.16.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data 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 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%. The firm's quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the company posted $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. As a group, analysts forecast that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Insider Buying and Selling at lululemon athletica

In other news, CEO Calvin Mcdonald sold 27,049 shares of lululemon athletica 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is owned by 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.

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