Palmer Knight Co Buys 8,680 Shares of lululemon athletica inc. $LULU

Palmer Knight Co lifted its stake in lululemon athletica inc. (NASDAQ:LULU) by 39.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,554 shares of the apparel retailer’s stock after acquiring an additional 8,680 shares during the quarter. lululemon athletica accounts for about 3.1% of Palmer Knight Co’s investment portfolio, making the stock its 21st largest holding. Palmer Knight Co’s holdings in lululemon athletica were worth $7,259,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. N.E.W. Advisory Services LLC bought a new stake in shares of lululemon athletica in the first quarter worth approximately $25,000. Cornerstone Planning Group LLC boosted its holdings in shares of lululemon athletica by 506.3% in the first quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer’s stock worth $26,000 after buying an additional 81 shares during the last quarter. Flaharty Asset Management LLC purchased a new position in shares of lululemon athletica in the first quarter worth approximately $29,000. Zions Bancorporation National Association UT purchased a new position in shares of lululemon athletica in the first quarter worth approximately $31,000. Finally, Blue Trust Inc. boosted its holdings in shares of lululemon athletica by 96.8% in the second quarter. Blue Trust Inc. now owns 124 shares of the apparel retailer’s stock worth $29,000 after buying an additional 61 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Nicole Neuburger sold 615 shares of the business’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $178.00, for a total value of $109,470.00. Following the sale, the insider owned 8,993 shares in the company, valued at approximately $1,600,754. The trade was a 6.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LULU. Sanford C. Bernstein downgraded shares of lululemon athletica from an “outperform” rating to a “market perform” rating and set a $190.00 price objective on the stock. in a report on Thursday. Hsbc Global Res downgraded shares of lululemon athletica from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 11th. Piper Sandler lowered their price target on shares of lululemon athletica from $200.00 to $165.00 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 report on Wednesday, October 8th. Finally, Telsey Advisory Group downgraded shares of lululemon athletica from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $360.00 to $200.00 in a report on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twenty-seven have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $231.26.

lululemon athletica Stock Performance

LULU stock opened at $167.41 on Friday. lululemon athletica inc. has a one year low of $159.25 and a one year high of $423.32. The company’s fifty day moving average price is $181.67 and its 200-day moving average price is $231.47. The company has a market capitalization of $19.85 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 10.46 and a beta of 1.07.

lululemon athletica (NASDAQ:LULU) last released its 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 firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the previous year, the firm earned $3.15 earnings per share. The company’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. On average, research analysts predict that lululemon athletica inc. will post 14.36 EPS 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.