Mcrae Capital Management Inc. Increases Position in lululemon athletica inc. $LULU

Mcrae Capital Management Inc. lifted its position in lululemon athletica inc. (NASDAQ:LULU) by 36.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,644 shares of the apparel retailer’s stock after acquiring an additional 10,415 shares during the period. lululemon athletica accounts for approximately 1.9% of Mcrae Capital Management Inc.’s investment portfolio, making the stock its 21st biggest holding. Mcrae Capital Management Inc.’s holdings in lululemon athletica were worth $9,181,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LULU. T. Rowe Price Investment Management Inc. lifted its stake in lululemon athletica by 151.6% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 770,336 shares of the apparel retailer’s stock valued at $218,052,000 after acquiring an additional 464,186 shares during the period. Nuveen LLC acquired a new position in lululemon athletica during the first quarter valued at $123,894,000. Alliancebernstein L.P. boosted its stake in shares of lululemon athletica by 9.0% in the first quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer’s stock worth $1,356,507,000 after buying an additional 394,706 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of lululemon athletica by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,010,908 shares of the apparel retailer’s stock worth $1,418,389,000 after purchasing an additional 162,295 shares during the period. Finally, Diamond Hill Capital Management Inc. increased its holdings in lululemon athletica by 16.6% in the first quarter. Diamond Hill Capital Management Inc. now owns 1,128,607 shares of the apparel retailer’s stock valued at $319,463,000 after buying an additional 160,897 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 other news, insider Nicole Neuburger sold 615 shares of the business’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $178.00, for a total transaction of $109,470.00. Following the transaction, the insider directly owned 8,993 shares in the company, valued at $1,600,754. The trade was a 6.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on LULU. Dbs Bank dropped their price target on shares of lululemon athletica from $165.00 to $134.00 in a research note on Friday, September 19th. KeyCorp cut lululemon athletica from an “overweight” rating to a “sector weight” rating in a report on Tuesday, September 9th. Truist Financial cut lululemon athletica from a “buy” rating to a “hold” rating and set a $170.00 price objective on the stock. in a report on Friday, September 5th. Weiss Ratings restated a “sell (d+)” rating on shares of lululemon athletica in a report on Wednesday, October 8th. Finally, Telsey Advisory Group cut shares of lululemon athletica from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $360.00 to $200.00 in a research report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirty have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, lululemon athletica currently has a consensus rating of “Hold” and an average price target of $228.42.

lululemon athletica Stock Down 2.4%

Shares of LULU opened at $163.55 on Friday. The company has a market capitalization of $19.39 billion, a price-to-earnings ratio of 11.12, a price-to-earnings-growth ratio of 10.64 and a beta of 1.07. lululemon athletica inc. has a 52-week low of $159.25 and a 52-week high of $423.32. The stock has a 50 day moving average price of $174.13 and a 200 day moving average price of $223.17.

lululemon athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, September 4th. The apparel retailer reported $3.10 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the prior year, the business earned $3.15 earnings per share. The company’s quarterly 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. On average, equities analysts anticipate that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

About lululemon athletica

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.