Busey Bank Decreases Stake in lululemon athletica inc. $LULU

Busey Bank cut its position in shares of lululemon athletica inc. (NASDAQ:LULU) by 73.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,062 shares of the apparel retailer’s stock after selling 19,167 shares during the period. Busey Bank’s holdings in lululemon athletica were worth $1,257,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Flaharty Asset Management LLC purchased a new position in shares of lululemon athletica in the first quarter valued at $29,000. Blue Trust Inc. lifted its position in lululemon athletica by 96.8% during the second quarter. Blue Trust Inc. now owns 124 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 61 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new position in shares of lululemon athletica in the 2nd quarter worth $30,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of lululemon athletica by 464.0% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 141 shares of the apparel retailer’s stock worth $34,000 after buying an additional 116 shares during the last quarter. Finally, MTM Investment Management LLC purchased a new stake in shares of lululemon athletica during the 2nd quarter valued at about $52,000. Institutional investors own 85.20% of the company’s stock.

lululemon athletica Stock Down 0.7%

Shares of lululemon athletica stock opened at $208.97 on Friday. The stock’s fifty day moving average is $182.46 and its two-hundred day moving average is $195.71. lululemon athletica inc. has a 52 week low of $159.25 and a 52 week high of $423.32. The company has a market capitalization of $24.51 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 12.98 and a beta of 1.01.

lululemon athletica (NASDAQ:LULU) last issued its earnings results on Thursday, December 11th. The apparel retailer reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.37. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.48 billion. lululemon athletica had a net margin of 15.72% and a return on equity of 39.78%. The business’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.53 earnings per share. 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. As a group, research analysts anticipate that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Insider Transactions at lululemon athletica

In other news, insider Nicole Neuburger sold 615 shares of the firm’s stock in a transaction that occurred 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 directly owned 8,993 shares of the company’s stock, valued at approximately $1,600,754. This trade represents a 6.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Celeste Burgoyne sold 13,511 shares of lululemon athletica stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $204.00, for a total transaction of $2,756,244.00. Following the sale, the insider directly owned 5,318 shares of the company’s stock, valued at $1,084,872. This represents a 71.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Piper Sandler boosted their price objective on lululemon athletica from $165.00 to $190.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Barclays boosted their target price on lululemon athletica from $180.00 to $189.00 and gave the company an “equal weight” rating in a research report on Friday, December 12th. William Blair downgraded lululemon athletica from an “outperform” rating to a “market perform” rating in a research report on Friday, September 5th. Rothschild & Co Redburn dropped their price objective on shares of lululemon athletica from $230.00 to $160.00 and set a “sell” rating for the company in a research note on Friday, September 12th. Finally, Stifel Nicolaus boosted their price objective on shares of lululemon athletica from $205.00 to $210.00 and gave the company a “hold” rating in a research report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, thirty-two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, lululemon athletica currently has a consensus rating of “Hold” and a consensus target price of $228.19.

About lululemon athletica

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.