Moran Wealth Management LLC Sells 12,137 Shares of lululemon athletica inc. $LULU

Moran Wealth Management LLC lowered its holdings in lululemon athletica inc. (NASDAQ:LULU) by 48.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,039 shares of the apparel retailer’s stock after selling 12,137 shares during the period. Moran Wealth Management LLC’s holdings in lululemon athletica were worth $2,320,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in lululemon athletica during the second quarter worth about $17,747,000. K.J. Harrison & Partners Inc grew its position in shares of lululemon athletica by 100.1% during the 2nd quarter. K.J. Harrison & Partners Inc now owns 6,002 shares of the apparel retailer’s stock valued at $1,426,000 after acquiring an additional 3,002 shares during the period. U S Global Investors Inc. bought a new position in shares of lululemon athletica during the 2nd quarter valued at approximately $760,000. Capricorn Fund Managers Ltd increased its stake in shares of lululemon athletica by 35.0% during the 2nd quarter. Capricorn Fund Managers Ltd now owns 13,500 shares of the apparel retailer’s stock worth $3,207,000 after purchasing an additional 3,500 shares during the last quarter. Finally, Alpha Wealth Funds LLC bought a new stake in shares of lululemon athletica in the 2nd quarter worth approximately $470,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Stifel Nicolaus reissued a “hold” rating and set a $210.00 price objective on shares of lululemon athletica in a report on Tuesday, December 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of lululemon athletica in a research report on Friday, November 21st. Jefferies Financial Group lifted their price objective on lululemon athletica from $170.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, December 18th. The Goldman Sachs Group boosted their price objective on lululemon athletica from $180.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Finally, Daiwa Capital Markets increased their target price on shares of lululemon athletica from $174.00 to $205.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, thirty-three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, lululemon athletica currently has an average rating of “Hold” and a consensus price target of $228.19.

Insider Buying and Selling

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

lululemon athletica Stock Down 3.9%

Shares of NASDAQ LULU opened at $203.90 on Friday. The company has a market cap of $23.92 billion, a P/E ratio of 14.13, a P/E/G ratio of 13.08 and a beta of 1.01. lululemon athletica inc. has a 52 week low of $159.25 and a 52 week high of $423.32. The business has a 50-day simple moving average of $189.38 and a two-hundred day simple moving average of $193.78.

lululemon athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, December 11th. The apparel retailer reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $2.48 billion. During the same period in the prior year, the firm posted $2.53 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. 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. Equities research analysts anticipate that lululemon athletica inc. will post 14.36 EPS for the current year.

lululemon athletica 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.