Wellington Management Group LLP Has $10.87 Million Holdings in lululemon athletica inc. $LULU

Key Points

• Wellington Management Group LLP reduced its stake in lululemon athletica by 9.8%, selling 4,150 shares and now holds 38,387 shares valued at approximately $10.87 million.
• CEO Calvin McDonald recently sold 27,049 shares of lululemon at an average price of $235.69, decreasing his ownership by 19.66%.
• Multiple analyst firms revised their price targets for lululemon, with Robert W. Baird lowering theirs from $340 to $260 and maintaining an "outperform" rating.

Wellington Management Group LLP reduced its holdings in shares of lululemon athletica inc. (NASDAQ:LULU - Free Report) by 9.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,387 shares of the apparel retailer's stock after selling 4,150 shares during the quarter. Wellington Management Group LLP's holdings in lululemon athletica were worth $10,866,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Lido Advisors LLC increased its holdings in lululemon athletica by 1.9% during the 4th quarter. Lido Advisors LLC now owns 1,748 shares of the apparel retailer's stock valued at $668,000 after acquiring an additional 32 shares in the last quarter. Colonial Trust Co SC grew its holdings in shares of lululemon athletica by 2.1% during the fourth quarter. Colonial Trust Co SC now owns 1,737 shares of the apparel retailer's stock worth $664,000 after buying an additional 36 shares in the last quarter. Manhattan West Asset Management LLC grew its holdings in shares of lululemon athletica by 5.4% during the first quarter. Manhattan West Asset Management LLC now owns 724 shares of the apparel retailer's stock worth $205,000 after buying an additional 37 shares in the last quarter. Horizon Investments LLC grew its holdings in shares of lululemon athletica by 2.4% during the first quarter. Horizon Investments LLC now owns 1,610 shares of the apparel retailer's stock worth $456,000 after buying an additional 38 shares in the last quarter. Finally, Carolinas Wealth Consulting LLC lifted its position in lululemon athletica by 30.7% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 166 shares of the apparel retailer's stock valued at $63,000 after buying an additional 39 shares in the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Calvin Mcdonald sold 27,049 shares of the company's 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 sale, the chief executive officer owned 110,564 shares of the company's stock, valued at $26,058,829.16. This represents a 19.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.54% of the stock is owned by insiders.

lululemon athletica Trading Down 1.4%

LULU stock traded down $2.88 during trading on Monday, hitting $202.20. The company had a trading volume of 3,158,627 shares, compared to its average volume of 3,345,829. The firm has a market capitalization of $24.23 billion, a price-to-earnings ratio of 13.70, a P/E/G ratio of 1.74 and a beta of 1.12. The business has a 50 day moving average of $216.27 and a 200 day moving average of $270.72. lululemon athletica inc. has a fifty-two week low of $185.95 and a fifty-two week high of $423.32.

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 for the quarter, hitting the consensus estimate 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 company's quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior 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, equities analysts predict that lululemon athletica inc. will post 14.36 EPS for the current year.

Wall Street Analyst Weigh In

LULU has been the topic of a number of analyst reports. Citigroup dropped their price objective on shares of lululemon athletica from $270.00 to $220.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 27th. Morgan Stanley dropped their price objective on shares of lululemon athletica from $280.00 to $223.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 26th. JPMorgan Chase & Co. lowered shares of lululemon athletica from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $303.00 to $224.00 in a research note on Tuesday, July 22nd. Robert W. Baird dropped their price target on shares of lululemon athletica from $340.00 to $260.00 and set an "outperform" rating for the company in a research note on Monday, August 11th. Finally, BTIG Research dropped their price target on shares of lululemon athletica from $405.00 to $375.00 and set a "buy" rating for the company in a research note on Wednesday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $305.75.

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.