Exencial Wealth Advisors LLC Sells 264 Shares of lululemon athletica inc. $LULU

Exencial Wealth Advisors LLC cut its position in shares of lululemon athletica inc. (NASDAQ:LULU) by 16.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,342 shares of the apparel retailer’s stock after selling 264 shares during the period. Exencial Wealth Advisors LLC’s holdings in lululemon athletica were worth $319,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in LULU. T. Rowe Price Investment Management Inc. boosted its position in shares of lululemon athletica by 151.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 770,336 shares of the apparel retailer’s stock valued at $218,052,000 after purchasing an additional 464,186 shares in the last quarter. Nuveen LLC bought a new stake in shares of lululemon athletica during the first quarter valued at approximately $123,894,000. Alliancebernstein L.P. boosted its position in shares of lululemon athletica by 9.0% during the first quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer’s stock valued at $1,356,507,000 after purchasing an additional 394,706 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in lululemon athletica by 3.3% in the first 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 acquiring an additional 162,295 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. boosted 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 worth $319,463,000 after acquiring an additional 160,897 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on LULU shares. JPMorgan Chase & Co. dropped their target price on lululemon athletica from $224.00 to $191.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. Evercore ISI reissued an “in-line” rating and issued a $180.00 target price (down from $265.00) on shares of lululemon athletica in a report on Friday, September 5th. Telsey Advisory Group downgraded lululemon athletica from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $360.00 to $200.00 in a report on Monday, September 15th. William Blair downgraded lululemon athletica from an “outperform” rating to a “market perform” rating in a report on Friday, September 5th. Finally, Piper Sandler dropped their target price on lululemon athletica from $200.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twenty-nine have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, lululemon athletica presently has an average rating of “Hold” and an average price target of $228.42.

lululemon athletica Price Performance

LULU stock opened at $178.17 on Friday. lululemon athletica inc. has a 1-year low of $159.25 and a 1-year high of $423.32. The business has a fifty day moving average price of $179.99 and a 200-day moving average price of $228.89. The stock has a market capitalization of $21.13 billion, a P/E ratio of 12.11, a P/E/G ratio of 11.19 and a beta of 1.07.

lululemon athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share 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 firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the previous year, the business earned $3.15 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. As a group, analysts anticipate that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Nicole Neuburger sold 615 shares of the company’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $178.00, for a total transaction of $109,470.00. Following the completion of the sale, the insider owned 8,993 shares in the company, valued at approximately $1,600,754. This represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.54% of the company’s stock.

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.