Spire Wealth Management Decreases Holdings in lululemon athletica inc. $LULU

Spire Wealth Management cut its stake in shares of lululemon athletica inc. (NASDAQ:LULU) by 60.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 4,950 shares of the apparel retailer’s stock after selling 7,486 shares during the quarter. Spire Wealth Management’s holdings in lululemon athletica were worth $1,176,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Manhattan West Asset Management LLC raised its stake in lululemon athletica by 5.4% during the 1st quarter. Manhattan West Asset Management LLC now owns 724 shares of the apparel retailer’s stock valued at $205,000 after buying an additional 37 shares during the last quarter. Horizon Investments LLC raised its stake in lululemon athletica by 2.4% during the 1st quarter. Horizon Investments LLC now owns 1,610 shares of the apparel retailer’s stock valued at $456,000 after buying an additional 38 shares during the last quarter. GM Advisory Group LLC raised its stake in lululemon athletica by 2.0% during the 1st quarter. GM Advisory Group LLC now owns 1,992 shares of the apparel retailer’s stock valued at $564,000 after buying an additional 40 shares during the last quarter. Hancock Whitney Corp raised its stake in lululemon athletica by 4.6% during the 1st quarter. Hancock Whitney Corp now owns 951 shares of the apparel retailer’s stock valued at $269,000 after buying an additional 42 shares during the last quarter. Finally, Optimize Financial Inc raised its stake in lululemon athletica by 2.3% during the 1st quarter. Optimize Financial Inc now owns 2,043 shares of the apparel retailer’s stock valued at $578,000 after buying an additional 45 shares during the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at lululemon athletica

In other lululemon athletica news, insider Nicole Neuburger sold 615 shares of the stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $178.00, for a total value of $109,470.00. Following the completion of the sale, the insider owned 8,993 shares in the company, valued at approximately $1,600,754. This represents a 6.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.54% of the company’s stock.

lululemon athletica Stock Performance

Shares of LULU stock opened at $170.54 on Friday. lululemon athletica inc. has a 52-week low of $159.25 and a 52-week high of $423.32. The firm has a market capitalization of $20.22 billion, a PE ratio of 11.59, a PEG ratio of 10.64 and a beta of 1.07. The stock has a fifty day simple moving average of $177.29 and a two-hundred day simple moving average of $225.60.

lululemon athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.24. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.The business had revenue of $2.53 billion during 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 revenue for the quarter 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, sell-side analysts forecast that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Jefferies Financial Group restated an “underperform” rating on shares of lululemon athletica in a research note on Monday. Morgan Stanley reduced their price objective on lululemon athletica from $223.00 to $185.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 30th. Stifel Nicolaus restated a “hold” rating and issued a $205.00 price objective (down from $324.00) on shares of lululemon athletica in a research note on Friday, September 5th. Citigroup reduced their price objective on lululemon athletica from $220.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, September 5th. Finally, William Blair lowered lululemon athletica from an “outperform” rating to a “market perform” rating in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twenty-nine have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, lululemon athletica presently has a consensus rating of “Hold” and a consensus target price of $228.42.

lululemon athletica 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.