lululemon athletica inc. $LULU Stake Reduced by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC lowered its position in shares of lululemon athletica inc. (NASDAQ:LULU) by 27.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,872 shares of the apparel retailer’s stock after selling 701 shares during the quarter. Pallas Capital Advisors LLC’s holdings in lululemon athletica were worth $445,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of LULU. Vanguard Group Inc. raised its stake in shares of lululemon athletica by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 13,266,929 shares of the apparel retailer’s stock valued at $3,755,337,000 after acquiring an additional 157,764 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of lululemon athletica by 3.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,010,908 shares of the apparel retailer’s stock valued at $1,418,389,000 after acquiring an additional 162,295 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of lululemon athletica by 9.0% in 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 in the last quarter. Flossbach Von Storch SE raised its stake in shares of lululemon athletica by 10.3% in the 1st quarter. Flossbach Von Storch SE now owns 1,401,885 shares of the apparel retailer’s stock valued at $396,818,000 after acquiring an additional 130,565 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of lululemon athletica by 7.2% in the 1st quarter. Invesco Ltd. now owns 1,387,609 shares of the apparel retailer’s stock valued at $392,777,000 after acquiring an additional 93,530 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Buying and Selling at lululemon athletica

In related news, CEO Calvin Mcdonald sold 27,049 shares of the business’s stock in a transaction on Friday, June 27th. The shares were 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 directly owned 110,564 shares in the company, valued at $26,058,829.16. The trade was a 19.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.54% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on LULU. Citigroup lowered their target price on lululemon athletica from $220.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. UBS Group reduced their price objective on lululemon athletica from $240.00 to $185.00 and set a “neutral” rating on the stock in a research note 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 research note on Friday, September 5th. KeyCorp lowered lululemon athletica from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, September 9th. Finally, William Blair lowered lululemon athletica from an “outperform” rating to a “market perform” rating in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-three have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, lululemon athletica currently has a consensus rating of “Hold” and a consensus price target of $239.30.

lululemon athletica Stock Down 0.1%

Shares of LULU opened at $169.62 on Friday. The stock has a market cap of $20.11 billion, a P/E ratio of 11.53, a P/E/G ratio of 10.60 and a beta of 1.12. lululemon athletica inc. has a 52 week low of $159.25 and a 52 week high of $423.32. The business’s 50 day moving average price is $197.38 and its 200-day moving average price is $251.86.

lululemon athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.24. The business had revenue of $2.53 billion during 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%.lululemon athletica’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.15 EPS. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. On average, equities analysts anticipate 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.