Wealth Advisory Solutions LLC Buys 6,617 Shares of lululemon athletica inc. $LULU

Key Points

• Wealth Advisory Solutions LLC increased its holdings in lululemon athletica by 50.4% in Q2, acquiring an additional 6,617 shares, bringing its total to 19,745 shares valued at approximately $4.69 million.
• Various institutional investors have significantly increased their positions in lululemon, with GAMMA Investing LLC showing a staggering increase of 37,062.1%, now owning 563,006 shares worth about $159 million.
• lululemon's stock performance has been mixed, with analysts recently lowering target prices, while the company reported $3.10 earnings per share for the last quarter, surpassing expectations.

Wealth Advisory Solutions LLC raised its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 50.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 19,745 shares of the apparel retailer's stock after acquiring an additional 6,617 shares during the period. lululemon athletica comprises 1.2% of Wealth Advisory Solutions LLC's portfolio, making the stock its 21st biggest position. Wealth Advisory Solutions LLC's holdings in lululemon athletica were worth $4,691,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LULU. GAMMA Investing LLC increased its position in shares of lululemon athletica by 37,062.1% during the 1st quarter. GAMMA Investing LLC now owns 563,006 shares of the apparel retailer's stock worth $159,364,000 after purchasing an additional 561,491 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of lululemon athletica by 151.6% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 770,336 shares of the apparel retailer's stock valued at $218,052,000 after acquiring an additional 464,186 shares during the period. Nuveen LLC bought a new stake in shares of lululemon athletica during the 1st quarter valued at $123,894,000. Alliancebernstein L.P. lifted its position in shares of lululemon athletica by 9.0% during the 1st quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer's stock valued at $1,356,507,000 after acquiring an additional 394,706 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of lululemon athletica by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,010,908 shares of the apparel retailer's stock worth $1,418,389,000 after buying an additional 162,295 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

Insiders Place Their Bets

In related news, CEO Calvin Mcdonald sold 27,049 shares of the firm'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 completion of the transaction, the chief executive officer owned 110,564 shares of the company's stock, valued at $26,058,829.16. This trade represents a 19.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is currently owned by company insiders.

lululemon athletica Price Performance

LULU opened at $173.41 on Tuesday. The business has a 50 day simple moving average of $196.27 and a two-hundred day simple moving average of $249.99. The firm has a market capitalization of $20.56 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 10.59 and a beta of 1.12. lululemon athletica inc. has a one year low of $159.25 and a one year high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.24. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.The firm's revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $3.15 earnings per share. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. As a group, sell-side analysts expect that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on LULU shares. JPMorgan Chase & Co. lowered their target price on lululemon athletica from $224.00 to $191.00 and set a "neutral" rating for the company in a report on Friday, September 5th. Barclays cut their price target on lululemon athletica from $209.00 to $180.00 and set an "equal weight" rating on the stock in a report on Friday, September 5th. Robert W. Baird cut their price target on lululemon athletica from $260.00 to $225.00 and set an "outperform" rating on the stock in a report on Friday, September 5th. TD Securities dropped their target price on lululemon athletica from $298.00 to $220.00 and set a "buy" rating on the stock in a report on Friday, September 5th. Finally, Rothschild & Co Redburn dropped their target price on lululemon athletica from $230.00 to $160.00 and set a "sell" rating on the stock in a report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-three have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, lululemon athletica currently has an average rating of "Hold" and an average target price of $235.67.

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.

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