MetLife Investment Management LLC Sells 926 Shares of lululemon athletica inc. $LULU

MetLife Investment Management LLC lowered its stake in shares of lululemon athletica inc. (NASDAQ:LULU) by 2.6% during the first quarter, Holdings Channel reports. The fund owned 34,232 shares of the apparel retailer’s stock after selling 926 shares during the period. MetLife Investment Management LLC’s holdings in lululemon athletica were worth $9,690,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Anderson Financial Strategies LLC bought a new stake in lululemon athletica during the 4th quarter worth about $30,000. N.E.W. Advisory Services LLC bought a new stake in lululemon athletica during the 1st quarter worth about $25,000. Cornerstone Planning Group LLC grew its holdings in lululemon athletica by 506.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer’s stock worth $26,000 after acquiring an additional 81 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in shares of lululemon athletica in the 1st quarter valued at about $31,000. Finally, Garde Capital Inc. bought a new position in shares of lululemon athletica in the 1st quarter valued at about $35,000. Institutional investors own 85.20% of the company’s stock.

lululemon athletica Stock Performance

Shares of LULU stock opened at $202.53 on Wednesday. The company has a market capitalization of $24.27 billion, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 1.73 and a beta of 1.16. The company’s 50 day moving average price is $217.71 and its two-hundred day moving average price is $275.58. lululemon athletica inc. has a 52 week low of $185.95 and a 52 week high of $423.32.

lululemon athletica (NASDAQ:LULU) last announced its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, hitting the consensus estimate of $2.60. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the company posted $2.54 EPS. lululemon athletica has set its FY 2025 guidance at 14.580-14.780 EPS. Q2 2025 guidance at 2.850-2.900 EPS. Analysts forecast that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Wall Street Analyst Weigh In

LULU has been the topic of several recent research reports. BTIG Research reduced their target price on shares of lululemon athletica from $420.00 to $405.00 and set a “buy” rating on the stock in a research note on Friday, June 6th. Wells Fargo & Company reduced their target price on shares of lululemon athletica from $225.00 to $205.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 19th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $385.00 target price on shares of lululemon athletica in a research note on Monday, June 2nd. KeyCorp reduced their target price on shares of lululemon athletica from $400.00 to $350.00 and set an “overweight” rating on the stock in a research note on Friday, June 6th. Finally, Citigroup reduced their target price on shares of lululemon athletica from $325.00 to $270.00 and set a “neutral” rating on the stock in a research note on Friday, June 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $313.24.

Insider Buying and Selling

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 110,564 shares in the company, valued at approximately $26,058,829.16. This trade represents a 19.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.54% of the company’s stock.

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.