Prime Capital Investment Advisors LLC Cuts Stock Position in lululemon athletica inc. $LULU

Prime Capital Investment Advisors LLC lessened its holdings in shares of lululemon athletica inc. (NASDAQ:LULU) by 84.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,979 shares of the apparel retailer’s stock after selling 22,407 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in lululemon athletica were worth $708,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in LULU. Blue Trust Inc. lifted its holdings in lululemon athletica by 96.8% during the 2nd quarter. Blue Trust Inc. now owns 124 shares of the apparel retailer’s stock worth $29,000 after buying an additional 61 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new position in shares of lululemon athletica in the second quarter worth $30,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of lululemon athletica by 464.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 141 shares of the apparel retailer’s stock worth $34,000 after acquiring an additional 116 shares in the last quarter. Cornerstone Planning Group LLC increased its position in shares of lululemon athletica by 81.9% during the third quarter. Cornerstone Planning Group LLC now owns 151 shares of the apparel retailer’s stock worth $25,000 after acquiring an additional 68 shares during the period. Finally, Tradewinds Capital Management LLC raised its stake in shares of lululemon athletica by 18,400.0% in the third quarter. Tradewinds Capital Management LLC now owns 185 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 184 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

LULU has been the subject of several analyst reports. BTIG Research reissued a “buy” rating on shares of lululemon athletica in a research note on Thursday, January 22nd. Stifel Nicolaus reiterated a “hold” rating and issued a $210.00 price objective on shares of lululemon athletica in a research note on Tuesday, December 30th. The Goldman Sachs Group boosted their price objective on lululemon athletica from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Evercore upped their target price on shares of lululemon athletica from $180.00 to $215.00 in a research note on Friday, December 12th. Finally, Daiwa Securities Group lifted their price target on shares of lululemon athletica from $174.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 16th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, thirty have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $227.05.

Insider Activity at lululemon athletica

In other news, insider Celeste Burgoyne sold 13,511 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $204.00, for a total value of $2,756,244.00. Following the completion of the sale, the insider directly owned 5,318 shares of the company’s stock, valued at approximately $1,084,872. The trade was a 71.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.54% of the company’s stock.

lululemon athletica Trading Up 1.6%

Shares of lululemon athletica stock opened at $175.68 on Tuesday. The company has a fifty day simple moving average of $196.80 and a 200-day simple moving average of $186.50. lululemon athletica inc. has a 12-month low of $159.25 and a 12-month high of $403.21. The stock has a market cap of $20.61 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 10.92 and a beta of 1.01.

lululemon athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, December 11th. The apparel retailer reported $2.59 EPS for the quarter, topping the consensus estimate of $2.22 by $0.37. lululemon athletica had a net margin of 15.72% and a return on equity of 39.78%. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.48 billion. During the same period last year, the business earned $2.53 EPS. lululemon athletica’s revenue for the quarter was up 7.1% compared to the same quarter last year. lululemon athletica has set its FY 2025 guidance at 12.920-13.020 EPS and its Q4 2025 guidance at 4.660-4.760 EPS. On average, analysts forecast that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

lululemon athletica Company Profile

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.