lululemon athletica (NASDAQ:LULU) Insider Sells $2,756,244.00 in Stock

by · The Cerbat Gem

lululemon athletica inc. (NASDAQ:LULU – Get Free Report) insider Celeste Burgoyne sold 13,511 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 5,318 shares of the company’s stock, valued at approximately $1,084,872. This trade represents a 71.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

lululemon athletica Stock Performance

Shares of NASDAQ LULU traded up $7.31 during mid-day trading on Thursday, hitting $215.18. The stock had a trading volume of 12,096,425 shares, compared to its average volume of 3,533,029. The business has a 50 day moving average price of $176.46 and a two-hundred day moving average price of $199.66. lululemon athletica inc. has a 1 year low of $159.25 and a 1 year high of $423.32. The firm has a market cap of $25.52 billion, a P/E ratio of 14.91, a price-to-earnings-growth ratio of 12.76 and a beta of 1.01.

lululemon athletica (NASDAQ:LULU – Get Free Report) last announced its quarterly earnings results on Thursday, December 11th. The apparel retailer reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.37. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.48 billion. lululemon athletica had a net margin of 15.72% and a return on equity of 39.78%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.53 EPS. 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 predict that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on LULU shares. Jefferies Financial Group boosted their price target on lululemon athletica from $170.00 to $200.00 and gave the company a “hold” rating in a report on Thursday. Guggenheim assumed coverage on lululemon athletica in a research report on Wednesday, December 10th. They issued a “neutral” rating on the stock. Needham & Company LLC reissued a “hold” rating on shares of lululemon athletica in a research note on Friday, November 21st. Baird R W downgraded lululemon athletica from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Finally, Oppenheimer reiterated a “market perform” rating and issued a $500.00 price target on shares of lululemon athletica in a report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirty-two have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, lululemon athletica currently has a consensus rating of “Hold” and a consensus target price of $228.19.

Get Our Latest Research Report on lululemon athletica

Institutional Investors Weigh In On lululemon athletica

A number of institutional investors have recently added to or reduced their stakes in LULU. Norges Bank purchased a new stake in shares of lululemon athletica in the second quarter worth approximately $217,344,000. Vanguard Group Inc. increased its stake in lululemon athletica by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 13,782,917 shares of the apparel retailer’s stock worth $2,452,394,000 after buying an additional 521,915 shares during the period. Invesco Ltd. boosted its position in lululemon athletica by 28.7% in the 3rd quarter. Invesco Ltd. now owns 2,200,552 shares of the apparel retailer’s stock valued at $391,544,000 after buying an additional 490,127 shares during the period. T. Rowe Price Investment Management Inc. increased 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 worth $218,052,000 after acquiring an additional 464,186 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in shares of lululemon athletica by 2,598.9% in the third quarter. Pacer Advisors Inc. now owns 475,957 shares of the apparel retailer’s stock valued at $84,687,000 after purchasing an additional 458,322 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

lululemon athletica Company Profile

(Get Free Report)

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.

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