Empowered Funds LLC Buys 28,749 Shares of lululemon athletica inc. $LULU

Empowered Funds LLC grew its stake in lululemon athletica inc. (NASDAQ:LULU) by 1,354.2% during the first quarter, Holdings Channel.com reports. The fund owned 30,872 shares of the apparel retailer’s stock after purchasing an additional 28,749 shares during the quarter. Empowered Funds LLC’s holdings in lululemon athletica were worth $8,739,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Logan Capital Management Inc. boosted its holdings in shares of lululemon athletica by 0.6% in the first quarter. Logan Capital Management Inc. now owns 33,106 shares of the apparel retailer’s stock valued at $9,371,000 after purchasing an additional 203 shares during the period. MBB Public Markets I LLC bought a new stake in lululemon athletica during the 1st quarter valued at $274,000. Ascent Group LLC purchased a new stake in shares of lululemon athletica in the 1st quarter worth $238,000. United Services Automobile Association purchased a new stake in shares of lululemon athletica in the 1st quarter worth $740,000. Finally, Caxton Associates LLP bought a new position in shares of lululemon athletica during the 1st quarter worth $1,542,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

lululemon athletica Stock Down 1.4%

NASDAQ LULU opened at $165.69 on Wednesday. lululemon athletica inc. has a 52 week low of $162.80 and a 52 week high of $423.32. The company has a 50 day moving average price of $209.66 and a 200 day moving average price of $262.67. The firm has a market cap of $19.86 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 6.93 and a beta of 1.12.

lululemon athletica (NASDAQ:LULU) last announced its earnings results on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.24. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. lululemon athletica had a net margin of 16.38% and a return on equity of 42.05%. lululemon athletica’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm earned $3.15 earnings per share. 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, equities research analysts anticipate that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on LULU shares. BMO Capital Markets decreased their price objective on lululemon athletica from $302.00 to $250.00 and set a “market perform” rating for the company in a report on Friday, June 6th. Wells Fargo & Company reduced their price target on shares of lululemon athletica from $205.00 to $160.00 and set an “equal weight” rating for the company in a report on Friday, September 5th. Sanford C. Bernstein lowered their price target on shares of lululemon athletica from $350.00 to $220.00 and set an “outperform” rating for the company in a research report on Friday, September 5th. BTIG Research dropped their price objective on shares of lululemon athletica from $375.00 to $303.00 and set a “buy” rating on the stock in a research note on Friday, September 5th. Finally, Oppenheimer reissued a “market perform” rating and issued a $500.00 price objective on shares of lululemon athletica in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-one have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $245.79.

Insiders Place Their Bets

In related news, CEO Calvin Mcdonald sold 27,049 shares of the company’s stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the transaction, the chief executive officer directly owned 110,564 shares of the company’s stock, valued at $26,058,829.16. This represents a 19.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.54% of the stock is currently owned by company insiders.

About lululemon athletica

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.