108-share Paladin Wealth LLC acquisition of Lululemon stock and Q3 earnings surpassing estimates.
Paladin Wealth LLC acquired 108 shares of Lululemon Athletica Inc. (NASDAQ:LULU) for about $29,000 in Q3. Other institutional investors also adjusted their stakes. Lululemon reported Q3 earnings of $3.15 per share, surpassing estimates, with a 9.1% revenue increase. The company has a market cap of $35.85 billion. CEO Calvin Mcdonald purchased 4,000 shares at $260 each, while various analysts rated the stock from sell to buy, with a target price of $310.
October 15, 2024
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