Orion Capital Management LLC Lowers Holdings in lululemon athletica inc. $LULU

Orion Capital Management LLC lowered its stake in shares of lululemon athletica inc. (NASDAQ:LULU) by 46.0% in the second quarter, HoldingsChannel reports. The fund owned 235 shares of the apparel retailer’s stock after selling 200 shares during the quarter. Orion Capital Management LLC’s holdings in lululemon athletica were worth $56,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of LULU. N.E.W. Advisory Services LLC acquired a new position in lululemon athletica during the first quarter worth approximately $25,000. Cornerstone Planning Group LLC grew its stake in shares of lululemon athletica by 506.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer’s stock valued at $26,000 after buying an additional 81 shares during the period. Flaharty Asset Management LLC acquired a new stake in shares of lululemon athletica during the 1st quarter worth $29,000. Blue Trust Inc. raised its position in shares of lululemon athletica by 96.8% in the 2nd 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 period. Finally, Trust Co. of Toledo NA OH acquired a new position in lululemon athletica in the second quarter valued at $30,000. 85.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Oppenheimer reiterated a “market perform” rating and set a $500.00 price objective on shares of lululemon athletica in a research note on Friday, September 5th. Jefferies Financial Group reduced their price objective on lululemon athletica from $150.00 to $120.00 and set an “underperform” rating on the stock in a research note on Monday, October 6th. BNP Paribas Exane raised lululemon athletica from an “underperform” rating to a “neutral” rating and set a $146.00 price target on the stock in a research report on Monday, October 20th. Needham & Company LLC reaffirmed a “hold” rating and issued a $192.00 price objective on shares of lululemon athletica in a research report on Thursday, September 25th. Finally, HSBC cut shares of lululemon athletica from a “buy” rating to a “hold” rating and set a $175.00 target price on the stock. in a research report on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twenty-nine have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $228.42.

Insider Activity

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

lululemon athletica Stock Performance

NASDAQ:LULU opened at $178.17 on Friday. The company has a market capitalization of $21.13 billion, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 11.14 and a beta of 1.07. lululemon athletica inc. has a one year low of $159.25 and a one year high of $423.32. The stock has a 50-day simple moving average of $179.99 and a 200 day simple moving average of $228.76.

lululemon athletica (NASDAQ:LULU) last released its earnings results on Thursday, September 4th. The apparel retailer reported $3.10 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.24. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.lululemon athletica’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.15 EPS. 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 forecast that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

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.