Short Interest in lululemon athletica inc. (NASDAQ:LULU) Expands By 27.2%

Key Points

• Short Interest Increase: Short interest in lululemon athletica rose by 27.2% in July, reaching a total of 5,980,000 shares, signaling bearish sentiment among investors.
• Insider Selling: CEO Calvin McDonald sold 27,049 shares of the company on June 27 at an average price of $235.69, decreasing his position by 19.66%.
• Analyst Ratings Update: Recent analyst reports have revised lululemon's price targets, with Needham reducing its target from $366 to $317 while maintaining a "buy" rating, indicating varying investor expectations.

lululemon athletica inc. (NASDAQ:LULU - Get Free Report) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 5,980,000 shares, agrowthof27.2% from the July 15th total of 4,700,000 shares. Based on an average daily trading volume, of 3,260,000 shares, the days-to-cover ratio is currently 1.8 days. Approximately5.7% of the shares of the company are short sold. Approximately5.7% of the shares of the company are short sold. Based on an average daily trading volume, of 3,260,000 shares, the days-to-cover ratio is currently 1.8 days.

Insider Buying and Selling

In related news, CEO Calvin Mcdonald sold 27,049 shares of lululemon athletica stock in a transaction dated Friday, June 27th. The stock was 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 directly owned 110,564 shares in the company, valued at approximately $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 can be accessed through the SEC website. Insiders own 0.54% of the company's stock.

Institutional Trading of lululemon athletica

A number of large investors have recently added to or reduced their stakes in LULU. N.E.W. Advisory Services LLC bought a new stake in lululemon athletica in the 1st quarter worth approximately $25,000. Cornerstone Planning Group LLC increased its stake in lululemon athletica by 506.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock worth $26,000 after acquiring an additional 81 shares during the last quarter. Flaharty Asset Management LLC bought a new stake in lululemon athletica in the 1st quarter worth approximately $29,000. Blue Trust Inc. increased its position in shares of lululemon athletica by 96.8% during the 2nd quarter. Blue Trust Inc. now owns 124 shares of the apparel retailer's stock valued at $29,000 after purchasing an additional 61 shares during the last quarter. Finally, Anderson Financial Strategies LLC bought a new position in shares of lululemon athletica during the 4th quarter valued at approximately $30,000. Institutional investors own 85.20% of the company's stock.

lululemon athletica Trading Up 0.2%

NASDAQ LULU opened at $198.12 on Thursday. The stock's 50 day moving average is $220.75 and its 200 day moving average is $282.22. lululemon athletica has a 12 month low of $185.95 and a 12 month high of $423.32. The stock has a market cap of $23.74 billion, a PE ratio of 13.42, a P/E/G ratio of 1.69 and a beta of 1.16.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, hitting analysts' consensus estimates of $2.60. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%.The company had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.36 billion. During the same period in the previous year, the firm earned $2.54 EPS. The firm's revenue was up 7.3% compared to the same quarter last year. 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 forecast that lululemon athletica will post 14.36 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on LULU. Needham & Company LLC reduced their price objective on lululemon athletica from $366.00 to $317.00 and set a "buy" rating for the company in a report on Friday, June 6th. Jefferies Financial Group dropped their target price on lululemon athletica from $220.00 to $200.00 and set an "underperform" rating on the stock in a research report on Friday, June 6th. BTIG Research dropped their target price on lululemon athletica from $420.00 to $405.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. Telsey Advisory Group reissued an "outperform" rating and issued a $385.00 target price on shares of lululemon athletica in a research report on Monday, June 2nd. Finally, TD Securities dropped their target price on lululemon athletica from $321.00 to $298.00 and set a "buy" rating on the stock in a research report on Monday. One investment 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $319.98.

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.

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