WealthPlan Investment Management LLC Boosts Stock Position in lululemon athletica inc. $LULU

Key Points

• WealthPlan Investment Management LLC increased its stake in lululemon athletica by 29.9%, owning nearly 10,000 shares valued at approximately $2.36 million as of the end of the last quarter.
• Multiple research analysts have recently cut their price targets for lululemon athletica, with Morgan Stanley lowering its estimate from $223.00 to $185.00, indicating a shift in sentiment towards the stock.
• Insider Nicole Neuburger sold 615 shares of lululemon athletica at an average price of $178.00, representing a 6.40% decrease in her holdings in the company.

WealthPlan Investment Management LLC lifted its position in lululemon athletica inc. (NASDAQ:LULU - Free Report) by 29.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,937 shares of the apparel retailer's stock after purchasing an additional 2,290 shares during the quarter. WealthPlan Investment Management LLC's holdings in lululemon athletica were worth $2,361,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LULU. Manhattan West Asset Management LLC raised its position in shares of lululemon athletica by 5.4% in the 1st quarter. Manhattan West Asset Management LLC now owns 724 shares of the apparel retailer's stock worth $205,000 after acquiring an additional 37 shares in the last quarter. Horizon Investments LLC raised its position in shares of lululemon athletica by 2.4% in the 1st quarter. Horizon Investments LLC now owns 1,610 shares of the apparel retailer's stock worth $456,000 after acquiring an additional 38 shares in the last quarter. GM Advisory Group LLC raised its position in shares of lululemon athletica by 2.0% in the 1st quarter. GM Advisory Group LLC now owns 1,992 shares of the apparel retailer's stock worth $564,000 after acquiring an additional 40 shares in the last quarter. Hancock Whitney Corp increased its position in lululemon athletica by 4.6% during the 1st quarter. Hancock Whitney Corp now owns 951 shares of the apparel retailer's stock valued at $269,000 after buying an additional 42 shares in the last quarter. Finally, Optimize Financial Inc increased its position in lululemon athletica by 2.3% during the 1st quarter. Optimize Financial Inc now owns 2,043 shares of the apparel retailer's stock valued at $578,000 after buying an additional 45 shares in the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on LULU shares. Morgan Stanley reduced their price objective on lululemon athletica from $223.00 to $185.00 and set an "equal weight" rating for the company in a research report on Tuesday, September 30th. JPMorgan Chase & Co. reduced their price objective on lululemon athletica from $224.00 to $191.00 and set a "neutral" rating for the company in a research report on Friday, September 5th. TD Securities reduced their price objective on lululemon athletica from $298.00 to $220.00 and set a "buy" rating for the company in a research report on Friday, September 5th. Robert W. Baird reaffirmed a "neutral" rating and set a $195.00 price objective (down previously from $225.00) on shares of lululemon athletica in a research report on Tuesday, September 23rd. Finally, Jefferies Financial Group reduced their price objective on lululemon athletica from $150.00 to $120.00 and set an "underperform" rating for the company in a research report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-six have issued a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $232.29.

Insider Buying and Selling

In other lululemon athletica news, insider Nicole Neuburger sold 615 shares of the stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $178.00, for a total transaction of $109,470.00. Following the sale, the insider directly owned 8,993 shares in the company, valued at approximately $1,600,754. This trade represents a 6.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company's stock.

lululemon athletica Trading Down 1.2%

Shares of LULU opened at $167.10 on Thursday. The business's fifty day simple moving average is $182.65 and its two-hundred day simple moving average is $233.42. lululemon athletica inc. has a 12 month low of $159.25 and a 12 month high of $423.32. The company has a market cap of $19.81 billion, a price-to-earnings ratio of 11.36, a P/E/G ratio of 10.57 and a beta of 1.07.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its earnings results on Thursday, September 4th. The apparel retailer reported $3.10 EPS for the quarter, beating the consensus estimate of $2.86 by $0.24. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period last year, the business posted $3.15 EPS. The company's revenue was up 6.5% compared to the same quarter last year. 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, research analysts forecast that lululemon athletica inc. will post 14.36 EPS for the current year.

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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