Versor Investments LP Boosts Position in lululemon athletica inc. $LULU

Key Points

• Versor Investments LP increased its holdings in lululemon athletica during the first quarter by 65.8%, bringing its total shares to 5,999 and valuing the investment at approximately $1.70 million.
• Other institutional investors also raised their positions significantly, with Vanguard Group Inc. now owning over 13.26 million shares valued at approximately $3.76 billion.
• Recent earnings reports show lululemon athletica had a net margin of 16.82% with a revenue of $2.37 billion, slightly exceeding analysts' expectations.

Versor Investments LP lifted its stake in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 65.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,999 shares of the apparel retailer's stock after purchasing an additional 2,381 shares during the quarter. Versor Investments LP's holdings in lululemon athletica were worth $1,698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Anderson Financial Strategies LLC purchased a new position in lululemon athletica in the fourth quarter worth about $30,000. N.E.W. Advisory Services LLC bought a new stake in shares of lululemon athletica during the first quarter valued at approximately $25,000. Cornerstone Planning Group LLC increased its position in shares of lululemon athletica by 506.3% during the first 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 in the last quarter. Zions Bancorporation National Association UT purchased a new position in lululemon athletica in the 1st quarter worth approximately $31,000. Finally, Garde Capital Inc. bought a new position in lululemon athletica in the 1st quarter valued at approximately $35,000. Institutional investors own 85.20% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on LULU shares. JPMorgan Chase & Co. lowered lululemon athletica from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $303.00 to $224.00 in a report on Tuesday, July 22nd. The Goldman Sachs Group dropped their price objective on lululemon athletica from $363.00 to $302.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. BTIG Research decreased their target price on lululemon athletica from $420.00 to $405.00 and set a "buy" rating for the company in a research report on Friday, June 6th. Telsey Advisory Group restated an "outperform" rating and set a $385.00 target price on shares of lululemon athletica in a research note on Monday, June 2nd. Finally, Needham & Company LLC dropped their price target on shares of lululemon athletica from $366.00 to $317.00 and set a "buy" rating on the stock in a report on Friday, June 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $319.98.

Insider Activity at lululemon athletica

In other news, CEO Calvin Mcdonald sold 27,049 shares of the company'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 transaction 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. This represents a 19.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.54% of the company's stock.

lululemon athletica Trading Down 2.9%

lululemon athletica stock traded down $5.96 during trading on Tuesday, reaching $197.66. The company had a trading volume of 4,311,477 shares, compared to its average volume of 3,407,521. lululemon athletica inc. has a 52 week low of $185.95 and a 52 week high of $423.32. The firm has a market capitalization of $23.69 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 1.73 and a beta of 1.16. The firm's 50-day simple moving average is $221.83 and its 200 day simple moving average is $282.81.

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 for the quarter, hitting the consensus estimate of $2.60. The company 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 quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior 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. On average, analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current year.

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.