Moran Wealth Management LLC Purchases New Shares in lululemon athletica inc. $LULU

Moran Wealth Management LLC purchased a new stake in lululemon athletica inc. (NASDAQ:LULU) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 25,176 shares of the apparel retailer’s stock, valued at approximately $5,981,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Manhattan West Asset Management LLC raised its holdings in shares of lululemon athletica by 5.4% during the first quarter. Manhattan West Asset Management LLC now owns 724 shares of the apparel retailer’s stock valued at $205,000 after acquiring an additional 37 shares during the period. Horizon Investments LLC raised its holdings in shares of lululemon athletica by 2.4% during the first quarter. Horizon Investments LLC now owns 1,610 shares of the apparel retailer’s stock valued at $456,000 after acquiring an additional 38 shares during the period. GM Advisory Group LLC raised its holdings in shares of lululemon athletica by 2.0% during the first quarter. GM Advisory Group LLC now owns 1,992 shares of the apparel retailer’s stock valued at $564,000 after acquiring an additional 40 shares during the period. Hancock Whitney Corp raised its holdings in shares of lululemon athletica by 4.6% during the first quarter. Hancock Whitney Corp now owns 951 shares of the apparel retailer’s stock valued at $269,000 after acquiring an additional 42 shares during the period. Finally, Optimize Financial Inc raised its holdings in shares of lululemon athletica by 2.3% during the first quarter. Optimize Financial Inc now owns 2,043 shares of the apparel retailer’s stock valued at $578,000 after acquiring an additional 45 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

Insider Activity at lululemon athletica

In other news, insider Nicole Neuburger sold 615 shares of the stock in a transaction on 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 owned 8,993 shares in the company, valued at $1,600,754. This represents a 6.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. KeyCorp lowered shares of lululemon athletica from an “overweight” rating to a “sector weight” rating in a report on Tuesday, September 9th. Barclays cut their price target on shares of lululemon athletica from $209.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, September 5th. Dbs Bank cut their price target on shares of lululemon athletica from $165.00 to $134.00 in a report on Friday, September 19th. Rothschild & Co Redburn dropped their price objective on shares of lululemon athletica from $230.00 to $160.00 and set a “sell” rating on the stock in a research note on Friday, September 12th. Finally, Evercore ISI reiterated an “in-line” rating and issued a $180.00 price objective (down previously from $265.00) on shares of lululemon athletica in a research note on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-six have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $232.29.

lululemon athletica Stock Down 0.4%

Shares of LULU opened at $169.13 on Wednesday. The company’s fifty day moving average is $183.23 and its 200-day moving average is $233.88. lululemon athletica inc. has a 12 month low of $159.25 and a 12 month high of $423.32. The firm has a market cap of $20.06 billion, a price-to-earnings ratio of 11.50, a price-to-earnings-growth ratio of 10.62 and a beta of 1.07.

lululemon athletica (NASDAQ:LULU) last announced 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 net margin of 16.38% and a return on equity of 42.05%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the business posted $3.15 EPS. lululemon athletica’s quarterly 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, research analysts predict that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

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.