SlateStone Wealth LLC Sells 1,108 Shares of lululemon athletica inc. $LULU

SlateStone Wealth LLC trimmed its stake in shares of lululemon athletica inc. (NASDAQ:LULU) by 22.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,729 shares of the apparel retailer’s stock after selling 1,108 shares during the quarter. SlateStone Wealth LLC’s holdings in lululemon athletica were worth $886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of LULU. Elo Mutual Pension Insurance Co raised its position in lululemon athletica by 26.2% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 14,503 shares of the apparel retailer’s stock valued at $3,446,000 after purchasing an additional 3,012 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of lululemon athletica by 28.2% during the second quarter. Advisors Asset Management Inc. now owns 3,753 shares of the apparel retailer’s stock valued at $892,000 after buying an additional 825 shares during the period. Laurel Wealth Advisors LLC increased its position in shares of lululemon athletica by 130,353.2% during the second quarter. Laurel Wealth Advisors LLC now owns 286,997 shares of the apparel retailer’s stock valued at $68,185,000 after buying an additional 286,777 shares during the period. Steward Partners Investment Advisory LLC raised its stake in lululemon athletica by 7.1% in the second quarter. Steward Partners Investment Advisory LLC now owns 8,255 shares of the apparel retailer’s stock worth $1,961,000 after buying an additional 545 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC purchased a new stake in lululemon athletica in the second quarter worth about $334,000. Institutional investors own 85.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on LULU. JPMorgan Chase & Co. reduced 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. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of lululemon athletica in a research note on Wednesday, October 8th. Hsbc Global Res cut shares of lululemon athletica from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 11th. BNP Paribas Exane raised shares of lululemon athletica from an “underperform” rating to a “neutral” rating and set a $146.00 price objective on the stock in a research note on Monday, October 20th. Finally, Truist Financial lowered shares of lululemon athletica from a “buy” rating to a “hold” rating and set a $170.00 target price for the company. in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirty have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $227.68.

lululemon athletica Price Performance

lululemon athletica stock opened at $177.51 on Wednesday. lululemon athletica inc. has a one year low of $159.25 and a one year high of $423.32. The business’s fifty day moving average is $171.51 and its 200 day moving average is $213.13. The stock has a market capitalization of $21.05 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 10.64 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.24. lululemon athletica had a net margin of 16.38% and a return on equity of 42.05%. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter last year, the firm posted $3.15 EPS. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. 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, sell-side analysts expect that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Nicole Neuburger sold 615 shares of lululemon athletica 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 trade represents a 6.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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.